Pi Coin has recently seen a market trip on the market. The distinctive symbol jumped to a height of $ 1.70 on May 13, but it decreased by more than 50 % in just two days. Currently, you are trying to stay above $ 0.81, although many experts believe that the way to recover will not be easy due to many of the upcoming resistance points.
The distinctive symbol is also pressure due to the opening of the distinctive symbol and lost expectations. Within a few days, the market value of the Pi Coin decreased from 9 billion dollars to 6 billion dollars, and slipped from the best 20 encrypted currencies to 29th.
What is the following for PI Coin?
Although the Pi Coin recently announced a $ 100 million fund to support the development of applications, the short -term market is still shaken. Many experts believe that unless it is There will be strong news that will be difficult for PI to return to $ 1.50 or $ 1.70 soon.
If the project succeeds in attracting the development of meaning and securing the Binance or Coinbase lists, analysts believe that PI can regain a mark of $ 1.50 by the end of the month. In a more optimistic scenario, it may aim to $ 2.50 by Q4 2025.
Data from Trading offer He explains that the technical indicators of the Pi Coin are often neutral, with no strong momentum in either direction. RSI is currently 53.55, which indicates that it does not return forward or in excessive conditions in the peak. However, the MACD is a little optimistic, with the “purchase” signal, which indicates an ascending momentum that can start construction.
Why is the distinctive symbol a problem
Investors also feel anxious about a large number of PI codes that are opened in the coming days. PISCAN data shows that about 14.6 million PI icons will be opened today, which may increase the sale on the market.
In total, about 272.9 million PI icons will be opened with a value of $ 234.6 million over the next thirty days. On average, 9.1 million icons will be launched every day. It is expected that the largest day on May 28, when 15.1 million symbols reaches the market, may cause more prices.
The PI network is close to full decentralization
Dr. Altcoin participated in a conversation mail The PI network has taken a big step towards becoming completely decentralized by constantly closing the central coordination knot. This is a big step because it removes central control and allows the network to operate in a more open and society.
This step can increase the demand for PI over time. The effect may be gradual, as the price also depends on other factors such as market conditions, adoption and functional applications on the network.
