As previously reported by Crypto News, the digital currency PI Network (PI) entered the market on February 20th, reaching a peak price of $2.1 on the same day. Despite an initial drop to $0.61 due to increased trading volume and selling pressure, the price quickly rebounded with a remarkable 100% growth in the past 24 hours. This surge has made PI Network the most popular cryptocurrency on the CoinMarketCap website. At the time of writing, PI Network is trading around $1.5 with a daily trading volume of $1.73 billion, marking a staggering 397% increase. The highest and lowest daily prices were $1.63 and $0.82 respectively. Meanwhile, a Binance exchange survey shows that 85% of users are in favor of PI listing on the platform, leading to widespread support and increased demand for this cryptocurrency. Crossing key resistance levels indicates signs of a major uptrend rally; however, some analysts have warned of a short-term correction. Particularly, observing bearish divergence in the Relative Strength Index (RSI) may signal a potential price decrease. Analysts believe that if the price remains above $1.10, the upward trend will continue; otherwise, there is a possibility of a price correction to the range of $0.94 to $1.00. Visit the digital currency momentary price page to view live prices of all tokens and cryptocurrencies.
