Pi Network, which has recently attracted attention in the crypto currency market, continues to enter the radar of investors. Pi Coin price and future speculations are increasing, while the current market situation offers a complex picture. Here are the details…
What’s next for the Pi Coin price?
Pi Coin, which has recently experienced a major price increase, showed a significant decline after this movement. Pi Coin, which was traded at $ 1.7 as of the moment, withdrew from a $ 2.90 -dollar peak by 40 %. In the last 24 hours, it has decreased by more than 22 %. Nevertheless, developments such as the upcoming main network (Mainnet) launch, the opening of KYC approvals and the possibility of listed in large stock exchanges such as Binance or Coinbase support the view that the price can be directed up again in the coming period.
According to the experts, the technical analysis is considered to be $ 2.80 and above if the level of 2.20 dollars can be recovered, while the decrease may continue if it hangs below 1.50 dollars. On-Chain data show that large investors (whales) accumulate Pi Coin. Usually whale accumulation means that big players waiting for the future price increase. Historically, such accumulations are considered as a signal seen before harsh rise in the markets. In addition, the confidence of whales on the market can increase the procurement pressure by creating an effect on FOMO (fear of missing opportunities) in individual investors. This can contribute to the re -rise of Pi Coin’s price.
Bitcoin price is effective for PI
Bitcoin’s influence on the general market is laid out in front of the fall. As long as Bitcoin maintains its power, the Altcoin market may be positively affected. The rise of Bitcoin may cause other crypto beings, including Pi Coin, to accelerate upwards. Considering Bitcoin’s current positive momentum, Pi Coin is thought to increase price by taking advantage of this wave. Although the expectations of Pi Coin’s future are positive, the volatility of the market should be taken into consideration. Crypto currency investors are recommended to make conscious decisions by carefully following both technical and basic analysis data.
