Pi Network Price Prediction Will Reach $5

This prediction comes on the heels of whale activity, where approximately 41 million Pi coins have been moved from exchanges to personal wallets.

Crypto experts at PiMigrate have recently predicted that the Pi Network price (CRYPTO: PI) could potentially reach a new record high of $5.

What Happened: The prediction comes on the heels of whale activity, where approximately 41 million Pi coins were moved from exchanges to personal wallets.

PiMigrate’s prediction of the altcoin reaching the $5 price is part of a broader conversation within the crypto community.

One X user, who goes by the name Moon Jeff, also shared his view on the possibility of the Pi Coin reaching the $5 mark. Through an analysis post on X, he highlighted the potential for Pi to break the target.

I have used more than 7 hours to analyze $PI. If you follow the red line you will spot both the support and the resistance. In conclusion $PI is going to $5.This is a bullish chart just follow it. #PiNetwork pic.twitter.com/ZAo4EysHwx

— Moon Jeff (Crypto Analysis) (@Moon_Chart) August 28, 2023

Another crypto analyst, Xia, observed that the momentum of Pi Coin is getting stronger after it managed to cross the $0.63 price with high trading volume. Xia noted that technical indicators such as RSI and MACD are also starting to show bullish signals towards Pi Coin.

This optimistic view of Pi Coin is further reinforced by massive accumulation activity from whale investors. A Pi community reported that within 48 hours, whales had moved around 41 million coins (equivalent to $27 million) from exchanges to personal wallets.

In particular, more than 13 million coins were moved from OKX to various wallets. This decrease in the supply of coins on the exchange is considered a positive signal in favor of a potential increase in the price of Pi.

Pi Network Still Needs To Master This Symmetrical Triangle Pattern

Analyzing Pi Network’s price on a larger timeframe, Alpha Crypto analysts stated that the altcoin needs to regain control of the symmetrical triangle pattern to continue its upward trend.

If Pi manages to break and maintain the triangle structure, market participants could start considering long positions. But conversely, if the price falls out of the pattern, there could be an opportunity to short. He also reminds traders to wait for confirmation before making a decision, instead of rushing into it.

In terms of fundamentals, the potential listing on major exchanges is expected to push the price of Pi Coin higher. Reports from CoinGape suggest that major exchange HTX has sparked speculation regarding a listing through a mysterious post on the X platform.

On the other hand, the Pi community is still optimistic that Binance will soon include Pi in its list of traded assets.

The enthusiasm of the Pi community is also leading to the Consensus 2025 event, where Pi Network founder Nicolas Kokkalis is rumored to be one of the speakers alongside major figures in the crypto industry.

Crypto expert Dr. Altcoin described Pi Network’s presence in the event as a crucial moment, which provided a great opportunity for the Pi team to introduce and promote their ecosystem more widely.

See More: Top Crypto Events This Week: Consensus 2025, Bitcoin Halving, and More