"Pi Network Price Predictions: Will You Miss the Bull Cycle? After breaking a promising technical pattern, the price movements of the Pi Network-PI ( cryptocurrency declined by 10% over the last 24 hours, currently stabilizing at $0.7485. This comes after PI supporters recently expressed concerns about a potential sell-off by the coin's team, which could exert significant pressure on its price movements and prevent holders from taking advantage of the current bullish market cycle.
The supporting analyst for the project - known on platform X ) as Dr Altcoin - shared data on the blockchain regarding a crypto wallet address created 4 years ago, which is rumored to be linked to the Pi Core Team along with 22,000 other wallets, noting that this wallet, which held 2 million PI coins, transferred 1.4 million of them, worth approximately 1.1 million dollars, to Gate - one of the few platforms that listed PI - emphasizing that this could represent part of the fundraising process for the recently launched Pi Network Ventures initiative by the project. This has raised questions about the nature of these transactions and supported negative expectations for the future of the PI currency. Perhaps these movements are an attempt by insiders to profit at a time when the Pi currency is recovering from its recent lows.
PI price predictions indicate a potential drop to $0.70 after breaking the support of the ascending trend line. The hourly price movement chart for PI suggests the possibility of continued price decline, as multiple sell signals have emerged due to the price breaking its four-day upward trend line, resulting from strong selling pressure within the range of $0.85-$0.87, accompanied by trading volumes exceeding the average by more than 4 times as soon as the price reached this level on Wednesday for the first time, and then again a few hours later.
As the chart illustrates, the price movements of PI have broken through the trend line support and the bullish technical pattern, currently retesting its second highest recorded level after shifting from a major support zone to a resistance barrier. Meanwhile, the (EMA) with a 9-hour range has formed a "death cross" technical pattern with its 21-hour counterpart, indicating a discouraging technical sign. The support zone that should be monitored going forward is within the range of $0.73-$0.70, which represents the nearest target for PI's price movements and its next support area.
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GateUser-7cbd88c2
· 05-25 23:42
快enter a position！🚗
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南充论坛哥
· 05-25 23:38
It is a coin that spreads through the air, trying to harm the Chinese people. Please, please do not fall into the trap.
#Rebound Coin Recommendations#
"Pi Network Price Predictions: Will You Miss the Bull Cycle?
After breaking a promising technical pattern, the price movements of the Pi Network-PI ( cryptocurrency declined by 10% over the last 24 hours, currently stabilizing at $0.7485. This comes after PI supporters recently expressed concerns about a potential sell-off by the coin's team, which could exert significant pressure on its price movements and prevent holders from taking advantage of the current bullish market cycle.
The supporting analyst for the project - known on platform X ) as Dr Altcoin - shared data on the blockchain regarding a crypto wallet address created 4 years ago, which is rumored to be linked to the Pi Core Team along with 22,000 other wallets, noting that this wallet, which held 2 million PI coins, transferred 1.4 million of them, worth approximately 1.1 million dollars, to Gate - one of the few platforms that listed PI - emphasizing that this could represent part of the fundraising process for the recently launched Pi Network Ventures initiative by the project.
This has raised questions about the nature of these transactions and supported negative expectations for the future of the PI currency. Perhaps these movements are an attempt by insiders to profit at a time when the Pi currency is recovering from its recent lows.
PI price predictions indicate a potential drop to $0.70 after breaking the support of the ascending trend line.
The hourly price movement chart for PI suggests the possibility of continued price decline, as multiple sell signals have emerged due to the price breaking its four-day upward trend line, resulting from strong selling pressure within the range of $0.85-$0.87, accompanied by trading volumes exceeding the average by more than 4 times as soon as the price reached this level on Wednesday for the first time, and then again a few hours later.
As the chart illustrates, the price movements of PI have broken through the trend line support and the bullish technical pattern, currently retesting its second highest recorded level after shifting from a major support zone to a resistance barrier. Meanwhile, the (EMA) with a 9-hour range has formed a "death cross" technical pattern with its 21-hour counterpart, indicating a discouraging technical sign. The support zone that should be monitored going forward is within the range of $0.73-$0.70, which represents the nearest target for PI's price movements and its next support area.