Analyst Foresees Pi Coin Surge to $2 If Key Resistance Breaks
Pi Coin stands at a pivotal moment as analysts weigh its ability to recover past highs. The $1.20 resistance level has become a critical threshold, with Moon Jeff predicting a rally to $2 if a decisive breakout occurs. Market skepticism lingers following PI's 13.8% monthly drop, now trading NEAR all-time lows.
Controversy surrounds the Pi Core Team amid claims of misusing mined coins. The upcoming PI Day 2 event on June 28 could boost ecosystem momentum, though investor trust remains fragile. Trading volumes indicate cautious accumulation despite prevailing bearish sentiment.