The launch of the Pi Network mainnet on February 25 has garnered interest among coin holders and investors. Possible trajectories of the token in the current market conditions are discussed.
Factors Affecting Pi Network
Recently, Pi Network has observed low activity, with a total of 55 million token unlocks, raising concerns about future price drops. However, an important point is the existence of critical support at the $0.64 level. Market participants continue to show interest, and amid overall instability, optimism remains persistent.
Investor Activity and Market Volatility
The ATR for Pi Network ranges from $0.012 to $0.03, signaling a consolidation phase. Nevertheless, over 72,000 tokens have been withdrawn from centralized exchanges in the last 24 hours, indicating heightened investor activity and a return of volatility.
Pi Network Prospects and Recommendations
A triple bottom is forming in the charts, which may signal a potential trend reversal. If levels at $0.86, $1, and $1.67 are broken, the price could reach $2.67. Despite potential challenges, resilience to current market conditions gives hope to investors.
The launch of the Pi Network mainnet and current market conditions create interesting opportunities for investors. However, it is important to continue monitoring market changes and be attentive to signals.
