Price Analysis
  • Shrishesh Tanksalkar
    author-profile
    Shrishesh Tanksalkar right arrow
    Author

    Shrishesh is a versatile writer with 2+ years of experience in cryptocurrencies. An engineer turned storyteller, this selective introvert is a wannabe biker on weekends.

    • 1 minute read

    Pi Coin Price Rally or Slip? This is Where Pi Network Is Heading Next

    Story Highlights
    • Pi price breaks $0.22 resistance, short-term bullish with targets near $0.25.

    • Long-term pressure remains as the price stays below the crucial 200-day EMA level.

    • Whale adds 5M PI signaling confidence, mixed signals from technical indicators.

    Pi Networkโ€™s Pi coin price has caught the eyes of traders again. With a market cap near $1.88 billion and fresh activity, both short-term bulls and bears are closely watching this digital asset. 

    The recent price fluctuations swing between a positive daily change of 0.7% and a weekly slide of 0.7%. This tug of war reflects the mixed signals emerging from technical data, whale moves, and new developer upgrades fueling interest in the Pi token. Together, these factors create a dynamic landscape that traders cannot ignore.

    Will Pi Coin Price Hit $0.25?

    Right now, Pi coin sits just above the $0.22 resistance level after breaking out from what looks like a classic inverse head-and-shoulders pattern. This signals a potential bullish reversal. Short-term traders can expect the Pi token price to try reaching $0.25 soon, likely within the next week or two. This is if the buying momentum sustains and volume continues to rise.ย 

    The RSI at around 49, and a slightly negative MACD suggests momentum currently rests in neutral territory. Which means a clear directional move could appear anytime.

    Pi price

    Traders need to keep a close eye on the $0.215 level because if Pi closes below this, it will invalidate the bullish setup and could open doors to the bears. The longer-term view is not as cheerful yet since Pi remains below its 200-day EMA of $0.437. This signals that despite short bursts of buying, the broader market pressure remains firmly bearish. If the bears take control, Pi could see a significant dip below current support zones, which might shake confidence.

    FAQs

    Is Pi coin price expected to rise soon?

    Short-term momentum looks positive with a breakout above $0.22, targeting $0.25 if buyers remain strong.

    What triggers the recent Pi token price moves?

    Price action is influenced by technical patterns, high whale buying, and ecosystem upgrades, boosting developer activity.

    Should I worry about bearish trends?

    Long-term bearish risks exist while the price stays under the key 200-day EMA near $0.44. A close below $0.215 weakens the trend further.

    Trust with CoinPedia:

    CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

    Investment Disclaimer:

    All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

    Sponsored and Advertisements:

    Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

    Show More

    Related Articles

    Back to top button