The Pi Network price has increased by 4% in the last 24 hours, reaching $1.52 despite a drop in trading volume. This article examines the current factors affecting the price and future growth prospects.
Impact on Price and Forecasts
Analysts forecast a potential rise in Pi Network price to $50 if the ecosystem develops. Key aspects to watch include exchange listings, real-world use cases, and circulating supply.
Technical Analysis of Pi Network Chart
The Pi Network 30-minute chart shows a bullish ascending triangle pattern, signaling a potential breakout upward. If the price breaks above the $1.60 resistance level, it could further rise to $2.20–$2.40. Conversely, if buyers fail to break the resistance, a pullback to support levels at $1.50 and $1.45 could occur.
MEMEX Presale Gains Traction
While Pi Network activity continues, the Meme Index (MEMEX) presale has exceeded $3.8 million. The platform offers investment in diversified meme token baskets with varying risk levels. Developers anticipate significant growth in MEMEX post-launch.
Current activity around Pi Network and MEMEX highlights growth potential in both areas. Prices could rise if key resistance levels are overcome and new market opportunities arise.
