I think best or worst moment Coming soon
My Prediction from Daily Chart
Pi Network Current Status: The Pi Network price has been demonstrating massive strength since the early trading hours, which has helped the token to remain elevated. The bearish impact remained negligible and as a result, the levels are maintaining a consolidated ascending trend and reaching a crucial resistance at $2 in a short while.
Market Performance: Pi Network is trading at $1.49. The market cap has increased to $11.94 billion with a similar rise after marking the bottom close to $9.8 billion. While the trading volume increased over 52.78% to reach close to $716.6 million. The bullish sentiments are around 90% and the fear and greed index has dropped to 19, suggesting the trader’s sentiments have turned to extreme fear from fear.
Technical Analysis: The PI price has rebounded from the local lows just below $1.3 and increased by over 35%. Besides, the bears do not possess the required momentum, which may hinder the progress of the rally. On the other hand, the buying volume has been trying hard to overcome the selling pressure. As a result, the PI price is believed to remain elevated and surpass the pivotal resistance at $1.8, which could pave the way to reaching $2.
PI Price Prediction: The Pi Network has just begun its trading journey after the mainnet launch, which has been one of the bullish events for the token. Despite notable upward pressure, the PI price has managed to keep up the trend and test a higher range. On the other hand, the market dynamics are expected to turn in bullish favor soon, which may offer strong momentum and push the PI price toward new highs.
Future Outlook: The platform is scheduled to roll out multiple updates in the coming days, which may have a positive impact on crypto. Therefore, with a rise in the trading volume, the PI price is expected to keep up the momentum and mark new highs. Hence, the future outlook of PI remains largely bullish.
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