Why Pi’s Value Will Skyrocket : The Key Factors Revealed
The Pi Network has faced challenges since the launch of its mainnet. Nonetheless, technical indicators point to a significant potential for a rebound in the coming days. Explore the catalysts that could drive the PI price to new highs.
Pi Network Shows Bullish Signals
Despite the price drop of Pi Network since its February launch, technical analysis reveals encouraging patterns suggesting substantial upside potential in the near future. On a 12-hour chart, the PI token has formed a double bottom at $0.40 with a neckline at $1.66, signaling a possible 154% rally from current levels.
Additionally, Pi Network has developed a large descending wedge pattern, often preceding a bullish breakout when both lines converge. Technical indicators also support this outlook, with the Relative Strength Index (RSI) climbing from 19.7 to 52 and a bullish crossover of the Percentage Price Oscillator (PPO) lines.
What Could Drive Pi Network Higher
Several factors could support an upcoming surge in Pi Network’s price. First, the current crypto market rally, led by Bitcoin, could trigger a favorable season for altcoins like PI.
Furthermore, a listing on a major centralized exchange such as Binance, Coinbase, or Upbit could give the token fresh momentum, similar to other recently listed tokens. Finally, developer announcements regarding increased decentralization and additional token sales could also stimulate price growth.
In summary, technical signals and potential catalysts suggest a major trend reversal for Pi Network in the coming days. Savvy investors would be well-advised to closely monitor the evolution of this promising token.
To invest in the strategic asset that is Pi before a potential rebound, here’s a practical guide for obtaining it on Bitget :
- Create a Bitget account : Sign up on the website or Bitget mobile app. Complete identity verification (KYC) to access all features.
- Deposit funds : Add fiat currency (EUR, USD) via bank card or SEPA transfer, or use cryptocurrencies like USDT.
- Access the market : In the “Spot Trading” section, select the PI/USDT or PI/EUR pair to check the current price (approximately $0.36).
- Place a buy order : Choose a market order to buy immediately or a limit order to set a target price (for example, $0.35). Indicate the desired amount.
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