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Cryptocurrency pi network once again attracts attention in the cryptic world, and analysts have noticed a sharp increase in the momentum of the price of Pi coins and increasing interest.
After breaking over a $ 0.60 mark, many believe that Crypto Pi price is prepared for a potential shift towards a level of $ 1, although not everyone agrees in the time lane.
Crypto analyst Xia recently highlighted Fast increase in the momentum of Pi Coin, pointing to the jump in price passed $ 0.63 and a local maximum of $ 0.6441. She emphasized that the volume of trading is strong, and the key technical indicators such as RSI and MACD are turning to bulls, which could signal the beginning of a larger trend upwards.
Xia also quoted Pi -‘s strong ecosystem activity. During the recent Pi Fest, over 1.8 million users participated and more than 58,000 sellers contributed to the network engagement. She asked why traders still hesitated in Pi, despite these promising bases.
Although Xia is optimistic, Analyst Dr. Altcoin offered a more cautious look, a warning That Pi might face sharp corrections if certain questions are not resolved. Withdrawing lessons from the recent collision of the OM Price, he made three key moves that Picoreteam should take to protect the price of Pi Coin.
First, he recommended an extension of the number of exchanges approved by KYB and enabled the wider access to the market, including platforms like OKX in limited regions. Second, he has invited more institutional customers to absorb a drink, and companies like Banx suggest as potential large customers. Third, he emphasized the importance of regular updates from the Pi Core team, including new partnerships or introduction of products that could increase demand.
Analyst Moon Jeff He believes that Pi Coin holds a good $ 0.61 support and could be ready to return to $ 1 if swing continues. Another analyst, BorovanHe echoed this opinion, suggesting that Pi would become “unstoppable” after spoiling above $ 1, encouraging users to accumulate during this phase.
The largest wind for Pi Coin is not only technically, but the shock of incoming supply. According to Pi scanFrom April 17, it is planned to unlock more than 108.9 million Pi tokens during the month, which is further pressure on the already combat coin.
Only on April 16, 2.8 million pi was released into circulation. Unlocking will continue on a daily basis, and each day is unlocked between 5 and 6 million tokens. For example, 5.74 million tokens are expected to be unlocked on April 20, followed by 5.14 million on April 21 and 5.91 million on April 22.
All these factors could suddenly stimulate Pi coins if there is a momentum, and investors watch every move it makes.
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Pi Coin can reach $ 1 if Bullish Momentum continues, but a large unlocking token could delay the breakthrough.
To sell Pi Coin, you have to transfer to the exext or use the P2P platform, as large stock exchanges are still not supported.