Pi Coin is grabbing attention after the Pi Foundation shifted 550 million tokens in a single day. Currently trading around $0.34, the token shows minor daily losses but technical setups suggest the potential for a strong rebound. Traders are closely watching key levels, with targets as high as $1 if momentum continues.
Pi Coin Price Holds Key Support
After months of sliding within a tight downward channel, Pi Coin price appears to be stabilizing. The $0.30 support level has repeatedly acted as a floor, helping buyers regain footing. At present, the token is trading near $0.3408 despite a 3.34% drop in the past 24 hours.
The slope of recent candlesticks shows energy building, hinting at a potential breakout. If the price manages to close above $0.44, the path to higher targets becomes clearer.
Key Resistance Levels to Watch:
- $0.44 – First breakout hurdle
- $0.64 – Intermediate target
- $0.72 – Secondary target
- $0.85 – Psychological level
- $1 – Major milestone
Technical indicators, such as Stochastic RSI at 42.9, suggest that upward momentum could still develop if buying demand strengthens.
Foundation 550 Million Token Transfer: What It Means
The Pi Foundation moved 550 million tokens in a single day across six large transactions, each ranging from 50 to 100 million tokens. While no official statement was made, the move has fueled widespread speculation within the Pi ecosystem.
Possible interpretations include:
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Funding future partnerships or venture projects.
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Strategic preparation for a second migration phase.
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Alignment with recent investments, such as the $20 million OpenMind funding by Pi Ventures Fund.
The transfer has caught the attention of traders and investors, as reduced circulating supply often creates conditions for price surges.
Why the Charts Suggest a Breakout
Pi Coin’s descending channel has capped gains for months, but the recent price slope and technical formations hint at a potential breakout.
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A reclaim above $0.44 could trigger moves to $0.64, $0.72, and higher.
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Breaking the channel cleanly would confirm bullish momentum.
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The $1 mark represents a psychological target that could attract new interest and speculative buying.
The combination of strong support, potential accumulation, and reduced circulating supply creates an environment favorable for a recovery.
What This Means for Investors
Traders should monitor both price action and on-chain activity closely. Key points:
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Watch $0.44 as the first major resistance for a breakout.
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Maintain stops below $0.30 to manage risk.
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Consider accumulation if support holds, given potential upside.
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Keep an eye on further token movements from the Foundation.
Pi Coin appears set to test higher levels, with a well-structured chart and strategic token activity reinforcing bullish expectations.
FAQs
1. What is Pi Coin’s current price trend?
Pi Coin is trading around $0.34, stabilizing after a prolonged downward channel, with potential to rebound.
2. What are the key resistance levels?
Key resistance levels are $0.44, $0.64, $0.72, $0.85, and the psychological milestone of $1.
3. Why did the 550 million token transfer matter?
Large transfers reduce circulating supply, fueling speculation and setting conditions for a potential price surge.
4. Is Pi Coin likely to reach $1 soon?
If support holds and price breaks above $0.44, $1 could be achievable in the medium term, though timing depends on momentum and demand.
5. Should traders buy during the current dip?
Traders may consider accumulating near support levels but should manage risk and watch for confirmation of a breakout.