Pi Network (PI) Price Outlook: Bullish Surge or Correction Ahead This Week?
Pi Network traders brace for volatility as PI defies bearish market trends.
Key Levels to Watch
PI's recent 23% rally faces a critical test at $42 resistance—breakthrough could trigger FOMO buying, while rejection may see a pullback to $38 support. Mining rewards halving in Q3 adds fuel to the speculation fire.
Market Sentiment Diverges
Retail investors pile into PI's mobile-first ecosystem, while institutional players remain skeptical of unproven Mainnet adoption metrics. 'Another altcoin pretending to be Bitcoin,' quipped a Wall Street analyst during yesterday's Bloomberg segment.
Technical Indicators Flash Mixed Signals
RSI hovering at 68 suggests overheating, yet MACD histogram prints higher lows. PI's correlation with BTC has dropped to 0.4, unusual for a project still awaiting full exchange listings.
The Verdict
PI either rockets toward $50 this week or becomes this cycle's most overhyped 'next big thing'—no middle ground. Place your bets before Wednesday's Fed announcement sends crypto markets into another taper tantrum.
PI Coin Price Predictions to Watch This Week
1. Pi Coin Price Rallies Off Support
As soon as Pi touched the support at $0.52, its price entered into a sustained rally that took it all the way to 64 cents before sellers returned to stop the ascend. This is a significant reversal that could see buyers back in charge to challenge the resistance at $0.67 next.
2. Buy Volume Explodes
With buyers back, the volume shot up in the past three days. This allowed the price to expand higher by almost 30%. If this cryptocurrency can sustain this buy volume a few more days, then the key resistance is likely to be tested soon.
3. Bullish Cross Detected
Another positive sign can be seen on the daily MACD which moved to the positive side with a bullish cross. This is a major signal that buyers are back and they mean business. It’s critical for PI to sustain this momentum in the coming days as that can increase the confidence in this move.
