The Pi Coin price has bounced by 6% in the past 24 hours, with its move to $0.1881 coming as markets lift in the wake of softened Greenland rhetoric from President Trump.
Despite this lift, PI remains down by 9% in a week and by 7% in a month, with the altcoin suffering a 93% decline since posting a record high of $2.99 in February of last year.
Yet today’s rally suggests that PI may have bounced up from a key support level in the $0.180 region, having hit a bottom in recent days.
And when taken with ongoing community efforts to make the coin and its platform more useful, the longer term Pi Coin price prediction is starting to look very promising right now.
Pi Coin Price Prediction: Token Bounces from Critical Support Level – Long-Term Setup Could Surprise Everyone
As we can see from today’s Pi Coin price chart, the token has begun a strong rebound after spending too long in oversold territory.
Indeed, apart from a couple of brief bounces in late October and late November, PI’s relative strength index (yellow) has around eight months below 50.
Source: TradingView
This is very rare for a top-100 cryptocurrency, so rare that it points to either one of two conclusions, with the first being that the Pi Coin price is about to enjoy a massive breakout.
On the other hand, pessimists may argue that such behavior indicates a coin suffering a terminal decline, which may be true given how PI has failed to attract listings on numerous major exchanges (e.g. Binance, Coinbase, Kraken).
One thing worth highlighting, however, is that PI has broken out of the steeply descending channel we see in the chart above.
And when combined with Pi hitting a bottom a few days ago, we could indeed see the coin reaching new levels soon.
It continues to have a big and strong community, which will help boost its usability and value over the long term.
SUBBD Raises $1.4 Million As It Prepares to Launch AI-Powered Content Platform
If PI doesn’t seem promising enough, traders may want to diversify into newer alternatives, including presale coins.
Such coins can have the potential to rally impressively when they list for the first time, particularly if they’ve had a popular sale.
And one new token that is gaining more popularity right now is ERC-20 cryptocurrency SUBBD ($SUBBD), which has raised over $1.4 million in its ongoing sale.
SUBBD is about to launch an AI-powered content creation platform, one which gives creators more power over how they produce and earn from adult-themed media.
Its AI tools can generate everything from ideas to videos and the performers who star in them, making creators more productive than ever before.
And the use of crypto means that payments are transparent and quick, in contrast to pre-existing content platforms.
Investors can join SUBBD’s sale by visiting the project’s official website, where the coin currently costs $0.05748.
Visit the Official SUBBD Website Here
The post Pi Coin Price Prediction: Critical Support Level is Being Tested – Long-Term Setup Could Surprise Everyone appeared first on Cryptonews.
