The price of the PI has backed in the past few days, as investors bought DIP. The currency has risen to an increase of $ 0.7595, its highest level since April 5. It increased by about 90 % of its lowest point this year. Therefore, these PI amended price expectations are explained by what can be expected in the coming days and what can be expected.
Technical analysis of the price of PI network
The 4H graph shows that the value of the PI was initially peak at $ 3 in February after its very expected main launch. This increase occurred as some investors bought currency in the open market and many pioneers refused to sell their coins.
After that, the currency suffered a harsh reflection, with the price of $ 3 and down at 0.3980 dollars earlier this month. His last recovery occurred after he slowly formed a falling saf style, which includes two falling and approximate trends. In most cases, this style often leads to more bullish direction.
The price of the PI network also moves a little higher than the 50 (EMA) moving average, indicating that the bulls are currently controlling. Therefore, there is a possibility that the price of the PI network will jump to the psychological point at one dollar, by 30 % higher than the current level.
However, the danger is that the PI currency has formed an up -to -sheriff, which appears in black on the graph above. This style consists of two raising and close -up trend lines, with a declining collapse when the two lines approach the rapprochement points. If the spacious pattern is working well, the currency may decrease to the lowest level in this month at $ 0.3980, which has decreased by approximately 50 % of the current level.
The risks and chances of the modified currency PI
Pi Network has many major risks and opportunities that may affect their price in the coming weeks. The first opportunity is that the distinctive symbol may get at least one exchange list in the coming months. Some potential exchanges that you may include are the likes of Binance, Coinbase, Upit and Kraken.
The exchange list by one of these stocks will raise their price sharply because it would verify the validity of the distinctive symbol. Recently, Orca, the top of Solana Dix, has increased by 200 % in one session after Upbit included it.
Second, the other opportunity is its growing ecosystem. In a statement last week, the developers indicated that more than 125,000 vendors were registered in their first event after the launch of Mainnet. 58,000 of these active sellers were a sign that the network can, in fact, trade power.
The first PIFEST in the open network was offered to share the record. A total of more than 125,000 registered seller-more than 58,000 active seller-used 1.8 million pi map, with highlighting PI’s interest in the real world worldwide. MinePi.com/blog/open-netw …
Pioneers and
However, the PI network has great risks. First, it is a very inflationary symbol because it will continue to emit millions of symbols in the coming months. Woe Open 111 million Metal currencies this month and more than 1.56 million symbols in the next 12 months. The value of these symbols is $ 1.17 billion, which is a large amount because PI has the maximum market for more than $ 5 billion.
Another danger is that the informed keep most of the symbols. The data indicates that the PI owns at least 68 billion PI coins with a value of more than $ 50 billion. This means that the ownership of the currency is largely concentrated among the informed, which is risky. The risk of high concentration includes market manipulation, dumping risk, and decentralization risk.
Read more: Pi -2025 – 2030 network predictions after Mainnet launch
Post -network price analysis: The risky pattern first appeared on Invezz
