The analysis indicates that Pi Coin may be showing growth signs amid recent token accumulation by large investors.
Technical Analysis and Bullish Signals
Recent technical analysis from BeInCrypto highlighted three bullish signals on Pi's daily chart: rising On-Balance Volume (OBV), a bullish RSI divergence, and the appearance of an inverted hammer candlestick. These indicators, especially when combined, often suggest a weakening of sell pressure and potential accumulation of tokens.
Resistance and Growth Potential
Currently trading around $0.43, this price is about 6% above its all-time low. Traders are particularly interested in the resistance zone at $0.47–$0.50. If Pi decisively clears this level with volume confirmation, analysts expect a quick rise to $0.85, and in favorable market conditions, potentially up to $2 or more.
Whale Behavior Analysis in the Market
In the market, there is active accumulation of Pi tokens by large investors. One address recently acquired 331 million tokens, while another made multiple purchases totaling over 1.4 million. These actions may indicate strategic positioning ahead of important events for the network.
Pi Coin is showing signs of potential growth, but uncertainty remains due to the risks of delays or token unlocks. Market attention is also turning to other projects, such as MAGACOIN FINANCE, which are trying to attract investor interest.
