Pi Network (PNP) Price Prediction 2023: Can Pi Coin Reach Its All-Time High Again?

Pi Network token trades at $0.845 today with a modest 2% gain in 24 hours. Pi Coin seems to be gearing for a reversal past $1 in the near term.

Pi Network (PI) price has been massively volatile this week as the delayed listing on top exchange Binance reduces the interest in the token. At press time, Pi Coin is down by 71% from its all-time high price.

However, token holders are wondering if a recovery is still possible for this newly launched altcoin. In this article, we explore whether the Pi Network token can realistically reach its all-time high again.

Pi Network Price Prediction & Analysis

The Pi Network token is trading at $0.845 today, with a modest 2% gain in the past 24 hours.

As seen on the chart, Pi Coin seems to be gearing up for a reversal past $1 in the near term. However, traders might cut this rally short as they book profits after short-term rallies.

The hourly chart shows that Pi Coin broke out from a descending parallel channel. However, it is reversing to test support at the upper trendline of the channel. If this support fails, it could cause a resumption of the Pi Network bearish trend.

The volume histogram bars indicate that there was an uptick in activity, which also pushed the RSI to 66. However, this indicator has since dropped to 56 as some traders begin to sell.

Nevertheless, the green AO bars show a bullish divergence. This suggests that Pi Coin price could soon record a reversal, past the psychological level of $1.

However, despite the positive AO bars and a breakout from a descending channel, can Pi Network price realistically reach the $3 ATH again?

Can Pi Coin Realistically Hit $3 ATH Again?

Besides the bullish setup on Pi Coin’s hourly chart, other signals show a bullish Pi Network price prediction that it can realistically reach $3 again.

Dr Altcoin, a crypto analyst and Pi Coin advocate, recently observed that some traders are buying the dip.

According to the analyst, one account purchased 3.65 billion Pi Network tokens in six different transactions. If more traders buy at the low prices as they anticipate a price recovery, it could precede a major rebound in the price.

Moreover, bullish news could also be the main driver of a Pi Coin rally to the $3 ATH level. The Pi Coin community remains hopeful that top exchanges will list the altcoin.

If listed on Coinbase, Pi Coin will gain access to the US crypto market, which will drive high trading volumes and stir a rally to an ATH. There is also speculation that a spot Pi Coin ETF could launch soon.

Like Solana, XRP, and Cardano, which have all received ETF applications, Pi Coi is also a US-made altcoin. A filing could drive the momentum.

Considering these possible catalysts, Pi Network price can realistically reach the $3 ATH level again. If it does, Pi Coin will attain an over $30 billion market cap, making it one of the top ten largest cryptos.

Frequently Asked Questions (FAQs)

1. Can Pi Network price realistically reach $3 ATH again?

Yes, Pi Network price can realistically reach the $3 ATH again, especially if it gains a U.S. listing and/or an ETF filing.

2. What is the Pi coin price prediction today?

The Pi coin price prediction today is that it could continue to rise towards the next resistance level at $1.20. However, if the bears take over, the price could fall to the support level at $0.70.

3. Are traders buying the Pi Network price dip?

Yes, traders are buying the Pi Network price dip, as one account purchased 3.65 billion PI tokens in six different transactions.