Pi Coin Aims for $2 After the Fall

Pi coin was officially launched on February 20th. This long-awaited step was a major milestone for the cryptocurrency project. However, the rush of early adopters to convert their assets into cash triggered a selling wave.
Selling pressure caused a decrease in the value of PI coin. As of February 21, the price dropped to $0.60. Despite the initial slump, PI has recovered and is showing upward momentum again.
PI Network rose by 173% after launch
PI coin is currently trading at $1.64 and has recorded a 173% increase from its low level after being released. This triple-digit rise has been supported by a renewed demand for altcoins over the past few days.
PI Coin Price Prediction: Can It Make a New Peak?
PI coin has been trading above an upward trend line since February 20, confirming a resurgence in bullish activity around the altcoin.
When an asset trades above this model, it indicates a strong uptrend with buyers consistently supporting higher prices. If the uptrend continues, PI may trade at an all-time high of 2.20 Dollars, surpassing the $2 Dollar price level.
On the other hand, if demand decreases with an increase in profit-taking activities, this bullish projection will become invalid. In this scenario, the value of PI may drop below 1.60 dollars and then retreat to 1.34 dollars.
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