Pi Coin Soars, Heading Towards New ATH: Should You Sell Right Now?

Pi Network has surged over 100% in the past 24 hours, bringing it close to an all-time high of (ATH). After its initial launch, the price plummeted to only $0.60, causing initial investors to suffer losses. However, the latest price surge has reignited interest in this token, sparking discussions on whether now is the right time to secure profits or not. Cryptocurrency expert Gem Hunter shared on X that the trading volume of Pi on Gate.io has surpassed that of Bitcoin and Ethereum. The tweet explicitly states, “Currently, $PI has a trading volume 6 times higher than $BTC on Gate.io and 3 times higher than $ETH,” reflecting an unprecedented surge in activity. Meanwhile, veteran analyst CryptoTA_King describes the price hike of Pi as “unstoppable,” further reinforcing the increasing price sentiment surrounding this token.

Technical analysis: Pi Network breaks the main pattern The price chart of Pi on a 1H time frame shows a symmetrical triangle pattern before breaking out. Initially, the price surged nearly $2.00, then dropped sharply before stabilizing. Buyers regained control, pushing the price above key resistance levels. The downward trend line of the model shows higher lows, indicating strong buying pressure. The upward trend line represents sellers trying to limit the price of Pi, but the breakout has nullified this resistance level. Since then, the price has maintained its upward momentum, indicating the possibility of further increases.

Important levels to watch: Pi's support and resistance zones Pi Network has established strong support levels at $0.60-$0.70, where the price has been consolidating before the recent price increase. Breaking above $1.30-$1.50 is an important level to watch right now. This level will be a crucial indicator for the future. Looking up, we see resistance levels around $1.70-$2.00. Many traders may take profits in this range. If buying pressure remains strong, we may see prices testing the all-time high level. But if the upward momentum slows down, prices could fall back to around $1.00-$1.20. Market sentiment and trading considerations The trading volume is higher than what we see in major cryptocurrencies, indicating that there is still a lot of interest in the Pi Network. Some traders believe that the price will continue to rise, but others consider the $1.70-2.00 price range to be a good selling price. Technical indicators support this upward momentum, but we may still see a price decline if Pi cannot sustain above these key levels. Everyone is watching to see if Pi can maintain this upward trend or profit-taking will push the price down.