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Cryptocurrency News Articles
Pi Network (PI) Price Prediction: Experts Forecast Jump to $5
Apr 22, 2025 at 10:00 am
Some cryptocurrency experts forecast Pi Network’s price to jump to $5 even as it currently trades at a mere $0.63. This bold forecast comes as whales took out about 41 million Pi Coins
Some cryptocurrency experts have forecast Pi Network’s price to rise to $5 even as it currently trades at $0.63. The analyst's post comes as whales took out about 41 million Pi Coins from exchanges within a 48-hour window.
Analysts Post Bullish Expectation On Social Media
Cryptocurrency analyst PiMigrate recently tweeted on X that Pi Network’s path to a $5 valuation “has just begun.”
The analyst referenced what they called strong support at the $0.60 level, and this base could possibly push the altcoin to the lofty $5 target.
Another crypto expert, Moon Jeff, further backed the forecast with technical chart analysis. He, too, added in his update a bullish chart setup backing the aggressive target of $5.
Whale Activity Stirs Attention As Coins Exit Exchanges
A major report by a Pi community page revealed that big investors, commonly referred to as “whales” in crypto exchanges, transferred about 41 million Pi Coins worth around $27 million off exchanges in two days. Around 13 million coins were moved from OKX exchange to other wallets.
As per market observers, this relocation of coins from exchanges usually reflects investor plans for holding rather than selling in the short term. Reducing exchange supply usually puts upward pressure on prices if demand is still present.
Technical Structure Needs Confirmation Before Next Move
Other analysts presented a more cautious perspective, explaining that Pi Network must re-establish a “symmetrical triangle” pattern on higher timeframe charts before further upward momentum.
They recommended waiting for confirmation before opening long positions, cautioning that if prices move outside this triangle formation, it might present short-selling opportunities instead.
Exchange Listings And Conference Might Improve Visibility
Possible listings on leading cryptocurrency exchanges may push Pi’s price upward. Crypto exchange HTX has apparently stoked rumors with a mysterious social media post, and members of the community are keeping their fingers crossed for a listing on Binance, one of the world’s largest cryptocurrency exchanges.
As of writing, Pi Coin was at $0.63, down 3% in 24 hours with a 36% decline in trading volume to $96.34 million. Despite current bearish sentiment indicators and a Fear & Greed Index reading of 39 (Fear), price prediction models suggest that Pi can reach $2.08 by May 21, 2025.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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