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Pi Coin Price Prediction Today: Analyst Says ‘Good News’ Soon Despite 50% Crash
The cryptocurrency market is witnessing a remarkable upsurge in the past few days, with Bitcoin (BTC) surging by nearly 20% to $92,000 from its low of $78,249 on February 28, 2025. However, Pi Coin (PI) has taken an unexpected downturn, plummeting by 50% in four days to reach a price of $1.50.
Despite the overall bullish sentiment in the market, fueled by U.S. President Donald Trump’s announcement of a “strategic national Bitcoin reserve” and the upcoming White House Crypto Summit on March 7, Pi Coin’s decline seems out of place. Nevertheless, analyst Kim Wong believes that $1.50 serves as a strong support level for Pi Coin, making it an attractive buy opportunity for investors anticipating positive news and market sentiment in the near future.
As the price of Pi Coin continues to fall, many are wondering whether this is the right time to consider entering into the market. According to Kim Wong, there are several key support levels that must be monitored closely. These include $2 and then $2.20 as the next major resistance. An extended bullish target could push the price above $2.50.
Moreover, technical indicators suggest a potential for a bullish move in Pi Coin’s future, as it displays signs of momentum with a bullish MACD crossover and a Stochastic RSI moving out of oversold territory. This is accompanied by increasing volume near the breakout, further solidifying the case for a positive price change.
In conclusion, while the recent 50% crash may have shaken some investors, this could be an ideal time to consider entering into the Pi Coin market. The strong support level at $1.50 and the potential for a bullish move make it an attractive buy opportunity for those anticipating good news in the near future.
