Today, March 28, Pi Network’s price has dipped to $0.838. This recent downturn signifies that Pi Coin has lost half of its value over the past two weeks, leaving many investors facing substantial losses. Despite this downturn, the Pi Network community stays hopeful that the altcoin could once more reach its previous all-time high (ATH) of $3.
Pi Network Price Prediction & Analysis
Currently, Pi Network is trading at $0.838, marking a 5% decline over the past 24 hours. The coin appears to be struggling to interrupt past the $1 mark for now. Additionally, traders who’re cashing in on short-term gains are hindering any potential rally.
On the hourly chart, Pi Coin recently broke out from a descending parallel channel but is now pulling back to check support on the upper trendline. If this support doesn’t hold, it may lead to a continuation of the present bearish trend.
Interestingly, the amount histogram shows increased buying activity, which has pushed the Relative Strength Index (RSI) to higher lows, reaching 52. This indicates that some traders are seizing the chance to purchase the dip.
Moreover, the looks of green Awesome Oscillator (AO) bars suggests a bullish divergence, hinting that Pi Coin might soon climb back above the psychological benchmark of $1.
Will Pi Coin Hit the $3 ATH Again?
Aside from the promising signals on Pi Coin’s hourly chart, other aspects also point towards a possible price rebound to $3.
Dr. Altcoin, a known Pi Coin advocate, recently highlighted that several traders are benefiting from the value dip. According to him, one particular account purchased 3.65 million Pi Network tokens across six transactions. If more traders follow suit by buying at these lower prices, it could set the stage for a big price recovery.
Also, a wave of bullish news could propel Pi Coin closer to its $3 ATH. The community is optimistic about the opportunity of major exchanges like Binance listing the altcoin. If Pi Coin can also be listed on Coinbase, it could gain exposure to the US crypto market, potentially driving up trading volumes and sparking a rally to an ATH.
Speculation is rife a few potential spot Pi Coin ETF launch. Just like Solana, XRP, and Cardano, which have received ETF applications, Pi Coin could also see a filing which may boost its momentum.
Given these potential catalysts, the Pi Network price could realistically climb back to the $3 ATH. Achieving this might push Pi Coin into the ranks of the highest ten largest cryptocurrencies, boasting a market cap of over $30 billion.
Frequently Asked Questions (FAQs)
Can Pi Network price realistically hit the $3 ATH again? Events like a Pi Coin ETF, exchange listings, and increased accumulation could actually fuel such a rally.
Today’s Pi Coin price prediction hints at a bullish reversal. The altcoin has crossed above the upper trendline of a descending channel, indicating a possible trend change.
According to a top analyst, a trader purchased 3 million Pi Coins after the recent dip. Moreover, the RSI has rebounded from oversold levels, suggesting an increase in buying activity.
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Muthoni Mary is a seasoned crypto market analyst and author with greater than three years of experience in blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, mixing a solid academic foundation with a pointy eye for technical evaluation and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and traveling.
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