Pi Network Price Analysis: Should You Sell Your Pi Coins or Hold?
Pi Network Price Outlook: Is It Time to Sell or Hold Your PI Coins?
With mixed sentiment building around Pi Coin, many investors are questioning whether now is the right time to sell or hold. Over the past 24 hours, Pi Network’s price has seen a slight dip of 0.5%, currently trading at $0.63. Despite the minor setback, optimism remains high among the Pi Coin community, with hopes for new exchange listings and a potential price surge.
This article delves into the bullish and bearish factors influencing Pi Coin’s future to help you make an informed decision.
Pi Network Price Movement – Sell or Hold?
At press time, Pi Network was among the top-performing tokens. However, being a relatively new cryptocurrency, investor sentiment remains split on its long-term prospects.
One reason some traders are leaning toward selling is the upcoming token unlock. According to PiScan, 212 million PI tokens are set to be unlocked next month. This increase in circulating supply could put downward pressure on the price.
There are also lingering concerns about transparency. As reported by Coingape, some traders fear the token could face issues similar to the recent Mantra collapse—fueling caution and selling pressure.
On the other hand, many holders still favor holding PI. For instance, crypto analyst Dr. Altcoin noted:
> “The Pi Core Team is actively buying back Pi to reduce market supply and stabilize the price. If this continues, it may cushion the impact of token unlocks and prevent a significant drop.”
Furthermore, HTX exchange has hinted at a possible PI listing—a move that could catalyze a strong upward trend. If this listing materializes, it could trigger a major rally. Considering this potential catalyst and the ongoing efforts to manage supply, holding Pi Coin might be a strategic move for long-term investors.
Technical Analysis: Signs of a Rally Ahead?
Pi Network appears poised for a breakout towards $1. On the four-hour chart, the RSI is rising, although still under the 50 mark—suggesting bearish momentum is weakening. A breakout above 50 could confirm a shift to bullish momentum.
Additionally, the Awesome Oscillator (AO) has flipped positive, with histogram bars moving above the zero line—another bullish indicator that suggests growing momentum.
If the Pi Coin price breaks above the key resistance level at $0.69, it could pave the way for a rally toward $0.91, and possibly reclaim the $1 milestone.
Conclusion: Hold or Take Profits?
The rising bullish momentum and potential exchange listing point toward a favorable outlook for Pi Coin, making a strong case for holding. However, with the expected increase in supply and inherent market volatility, some traders may opt to sell and lock in recent gains.
Ultimately, your decision should align with your risk tolerance and investment strategy.
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