The price of Pi Coin has started to rise, showing a 4% increase after weeks of selling pressure. This growth is driven by whale activity and new developments in the ecosystem.
Price Dynamics of Pi Coin
Recent prices show Pi Coin at $0.3611. Market interest is growing due to asset accumulation and new developments within the ecosystem.
Whale Activity and News
According to Cointelegraph, a mysterious whale has accumulated 331 million PI tokens valued at approximately $148.5 million, drawing renewed market attention. Speculation has also soared with reports that Pi Network is preparing to go open source, potentially attracting more participants and developers to the ecosystem.
Technical Analysis and Forecasts
Analysis indicates that Pi Coin remains in a broader downtrend, with resistance at $0.38–$0.39 and support at $0.34–$0.33. The RSI shows that the market just broke into oversold territory, suggesting a potential short-term relief rally, but the overall structure remains bearish.
Despite the current rise, the future of Pi Coin remains uncertain, with further changes dependent on market trends and news from the ecosystem.
