Crypto Market Strong Recovery: Bitcoin Surges, Pi Coin is Adjusting

In the context of the crypto market's strong recovery, Bitcoin has recorded a nearly 20% increase, rising from $78,249 to $92,000 since February 28, 2025. This success coincides with the announcement by US President Donald Trump regarding the establishment of a “national strategic Bitcoin reserve fund” and the upcoming White House Crypto Conference scheduled for March 7, contributing to boosting investors' optimism. Recovery After Difficult February After suffering a 25% loss from the all-time high of $107,791 in February, Bitcoin quickly recovered and provided momentum to the market. The growth of this currency has spread, with other cryptocurrencies like Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA) recording increases ranging from 12% to 50%. These signals indicate the current strength of the crypto market. The Rebellion of Pi Coin Contrary to the general trend, Pi Coin (PI) has witnessed a sharp price correction, dropping 50% in four days, from $3 to $1.50. Despite the overall market being full of strength, the sudden decline of Pi Coin has raised questions about its prospects among many investors. According to expert Kim Wong, the current price of $1.50 is considered a "strong support level," creating attractive opportunities for investors to predict that market sentiment will turn positive in the near future. Technical Analysis: Support And Resistance The important support and resistance levels of Pi Coin are being closely monitored by technical analysts: Main support level: From $1.50 to $1.70, with $1.50 being considered a strong threshold. The first resistance level: $2.00 - this is the initial barrier when the price starts to rise. The next resistance level: $2.20, with the bullish target extending towards a price above $2.50. Besides, the MACD bullish crossover signal and the Stochastic RSI exiting the oversold zone, along with increasing trading volume, indicate the potential for a strong price uptrend in the near future. These are important technical indicators that investors should monitor to determine their investment strategy. Investment Prospects and Opportunities Although in a correction phase, the price decline of Pi Coin may bring attractive investment opportunities for the discerning. With the current price marked by strong support, along with the optimistic sentiment spreading from the recovery of other major cryptocurrencies, Pi Coin may gradually regain momentum as the market transitions to a bullish phase. Investors should closely monitor support and resistance levels, combined with technical analysis and trading volume, to take advantage of opportunities when a clear uptrend emerges. Conclusion The crypto market is currently showing strong vitality with the impressive recovery of Bitcoin and other major coins, while spreading optimism among investors. On the other hand, the deep correction of Pi Coin has opened up a special opportunity: the $1.50 price level is considered a solid support level, promising growth potential in the context of a positive market shift. This could be an ideal time for investors to consider entering orders, anticipating a strong recovery of Pi Coin in the near future.