After a significant spike in price earlier in the year, PI has settled into a more stable trading range. Initially, PI experienced a sharp surge that drove the price above $130, followed by a steep decline. Since then, the price has largely traded sideways, maintaining a support level around $30 and resistance near $54 for a considerable period.
Currently, PI Price stands at approximately $58.04, with the most recent candle indicating a slight gain of 1.03%. The relative strength index (RSI) has reached 62.75, suggesting that the PI is approaching overbought territory, but still leaves room for further upward movement before reaching a critical overbought threshold of 70. The recent bullish movement above $50 indicates that sentiment may be shifting towards positive momentum.
Given the recent rise above $50 and consistent upward momentum, analysts predict that PI may attempt to break through the $60-$70 resistance range if trading volume and buying pressure increase. If this breakout succeeds, PI could test the next resistance level at around $90 and $100. However, if buying momentum fades, a pullback to the $50-$55 support zone is likely, which has shown stability over the past few months.
By 2030 and beyond, Pi Network could see significant price growth, potentially exceeding $300. By then, the network is expected to be fully functional, offering a wide range of services and applications. However, achieving long-term success will require ongoing technological innovation, favorable regulatory conditions, and the ability to scale while maintaining decentralization. Still, if Pi Network meets its ambitious objectives, the long-term outlook remains positive.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
11 months ago
I am buying Pi. My prices; 50π-299π = 0.79$ 300π-499π = 1.01$ 500-999π 1.25$ 1000+ 1.45$ High prices are scam! You can write me on Telegram for safe trade: @pifloor