Something big might be coming for Pi Network. After staying quiet for a while, the $PI coin is starting to move again

Rumors of a potential $5 price target for Pi Network (PI) coin have begun circulating, sparking interest in the coin's price movements and technical analysis.

After a period of inactivity in the range of $0.67 and $0.54 for about a month, the Pi Network coin has started to show signs of activity again. It had been struggling to break above the strong resistance at $0.64, but recently bounced sharply from the $0.50 support level, backed by strong buying volume, according to Pseudonym Pro Trader Edge.

This move is crucial as it could determine the next stage of Pi's journey. If it breaks and holds above the Point of Control at $0.65, experts believe it could trigger a stronger uptrend, setting the stage for a potential rally towards the next technical targets at $0.85, $1.23, and possibly even $1.55.

However, while technical analysis provides some insights, some experts are predicting an even bigger target for PI- an incredible surge to $5 is possible by May, just ahead of the Consensus 2025 event, where Pi’s founder is set to speak.

According to crypto analyst Dr. Altcoin, several catalysts are aligning to propel PI to new heights. With rapid KYB approvals, the launch of Pi dApps, and increasing investor interest, the stage is set for an explosive move.

Moreover, one of the biggest points he made is that the Pi core team has reportedly bought 48 million PI coins. This shows they are trying to keep the price stable and are interested in seeing it rise.

Dr. Altcoin further elaborates on the factors that could contribute to the $5 target. He highlights Pi's low gas fees, strong security measures, regulatory compliance, and a growing ecosystem as key components.

As more investors and users are expected to join the network in the coming months, and with the core team's support, the price of PI could experience a dramatic increase, potentially reaching the $5 mark.

This prediction aligns with the expert's view that if PI breaks and holds above the Point of Control at $0.65, it could signal a stronger uptrend, setting the stage for a potential rally towards the next technical targets at $0.85, $1.23, and possibly even $1.55.

However, it's important to note that these are bold predictions, and the actual price movements of Pi Network coin will depend on various market factors and the overall cryptocurrency market trends.

As always, investors are advised to conduct their own research and invest wisely, considering their own risk tolerance and investment goals.

The post Pi Network (PI) Price Could Hit $5 Very Soon, Expert Claims appeared first on TokenPulse Blog.

As always, investors are advised to conduct their own research and invest wisely, considering their own risk tolerance and investment goals.

The post Pi Network (PI) Price Could Hit $5 Very Soon, Expert Claims first appeared on TokenPulse Blog.

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