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Analyst Predicts When Pi Coin Could Reach $10 Amid Market Volatility
Analyst Predicts When Pi Coin Could Reach $10 Amid Market Volatility
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin continues to struggle below the $0.50 resistance level as the broader cryptocurrency market experiences heightened volatility. The asset has declined 5% today, adding to a 15% weekly drop and a 28% monthly loss. Investor caution is reflected in decreasing Open Interest and an RSI nearing oversold territory at 35.
Despite the bearish momentum, one analyst remains optimistic, projecting a $10 target for Pi Coin. The forecast is based on the recent rollout of PI APP Studio, which could serve as a catalyst for ecosystem growth. However, this ambitious prediction contrasts with current technical indicators, which show persistent selling pressure.
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