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Will the price of PI surge?
Pi Network is currently priced at USD0.64, remaining above the support level of USD0.61 over the past two weeks. Although it has not been able to recover significantly, the altcoin remains above the support level. If inflows improve and market conditions are bullish, Pi Network may break through the resistance at USD0.71 and surge higher.
If market confidence continues to improve, Pi Network may confirm an upward trend by successfully turning the resistance at USD0.71 into support, which will create a solid foundation for a continuous price increase.
Pi Network Price Analysis. Price analysis of Pi Network Source: TradingView
However, if the outflow continues to dominate the inflow, the price of Pi Network may remain stagnant above USD0.61. If market conditions worsen, the price may drop below USD0.61 and fall to the next support level at USD0.57. Such a decline would indicate that the bullish sentiment is ineffective, and the recovery of Pi Network may take longer to materialize#PiNetwork $PI,