Pi Coin Rebounds Strongly: Is $0.400 Within Reach? Traders Brace for Surge!

• Pi Coin eyes $0.400 as trading volume surges dramatically.
• Pi Network’s upgrades spark excitement, fueling potential market expansion.
• Traders brace for breakout above $0.365, targeting $0.400 resistance.

Pi Coin (PI) has made an impressive recovery, surging 3.66% to a price of $0.3594 after recently dipping to $0.3428. This positive trend is becoming a buzzword among traders as higher trading volumes and positive technical advances are slowly pointing towards a possible rally to the $0.400 stage.

Pi Coin is currently experiencing resistance at $0.365, which has limited gains in recent trading sessions. Once the token manages to break the resistance above this level, the next focus would be the $0.375 to $0.380 zone. Passing these levels would draw the psychological $0.400 barrier, which would be a milestone for Pi Coin.

Another positive sentiment towards Pi is the recent boom in trading volume, which has reached up to $66.6 million, an increase of over 125 percent. Although short-term volatility exists, Pi’s market capitalization of $2.86 billion indicates that the company is stable, further affirming the assumption that the token could run to greater heights.

Also Read: 21Shares Takes Bold Step with Sei ETF, Pushing for Staking Approval from SEC

Traders Eye Key Levels as Momentum Builds

Pi’s technical indicators present a mixed picture. The MACD shows a negative histogram, suggesting that momentum may weaken. Nevertheless, the Relative Strength Index (RSI) is 44.98, which indicates that Pi is in a neutral state.

This neutrality implies that Pi Coin is not oversold; however, traders still feel cautious, and the subsequent breakout attempt will be important to ascertain the token’s future trajectory.

As long as Pi overcomes the resistance of $0.365, the way to $0.400 might be open, although traders will now have to monitor the token’s actions at this critical point.

Network Growth and Potential Coinbase Listing Fuel Speculation

In addition to positive price action, Pi Network is undergoing key upgrades. A new Linux node improves mining efficiency, and the decentralized KYC integration strengthens compliance, reinforcing trust in the network. The mainnet has already been migrated by close to 15 million users, and this portends healthy growth.

There is also growing speculation that a Pi Coin listing on large exchanges such as Coinbase may happen. While regulatory hurdles remain, a listing would significantly enhance Pi’s liquidity and market visibility, potentially driving further growth and interest in the token.

Also Read: Mysterious 30,500,600 XRP From Unknown Wallet – What’s Happening?

The post Pi Coin Rebounds Strongly: Is $0.400 Within Reach? Traders Brace for Surge! appeared first on 36Crypto.