Daily report for Pi Network - May 28, 2025
Market overview:
As of May 28, 2025, the cryptocurrency market is experiencing notable volatility, with continued interest in altcoins like Pi Network. Following the launch of the open mainnet on February 20, 2025, Pi Network has become available for trading on platforms like Bitget, enhancing its liquidity and attracting investor attention. However, data indicates a recent price decline amidst overall market volatility.
Current price performance:
• Current price: approximately $0.748092 (down from a high of $2.99 on February 26, 2025).
• Daily trading volume: ranges from $500 to $600 million, reflecting good liquidity compared to the pre-launch phase.
• Market capitalization: exceeds $19 billion, reflecting a broad user base of over 60 million active users.
• Price change (24 hours): up by 31.356%, indicating short-term bullish momentum, despite the drop from the historical peak.
• Relative Strength Index (RSI): at 61.60, indicating a neutral state (not in overbought or oversold territory).
• Moving averages:
◦ 50-day Simple Moving Average (SMA): expected to reach $1.09 by June 10, 2025.
◦ 200-day Simple Moving Average (SMA): expected to reach $24.05 by June 10, 2025, indicating potential long-term growth.
Technical analysis:
• Support and resistance levels:
◦ Support: $0.60 (recently bounced from this level, reinforcing confidence in this level).
◦ Resistance: $1.50 (a key psychological level that was previously broken).
• Current trend: neutral with short-term bullish bias, as the price trades above the 50-day moving average but is far from the 200-day moving average.
• MACD Indicator: indicates slight bullish momentum, with the short-term and long-term moving averages converging.
Influencing factors:
1 User base: With over 60 million active users, the broad user base supports potential demand for the coin.
2 Investment fund launch: Pi Network announced a $100 million fund to support projects in areas like AI and FinTech, which could enhance the coin's utility.
3 Challenges: The lack of official listings on major platforms like Binance and Coinbase limits liquidity and confidence.
4 Market volatility: The price has been affected by general market fluctuations, with expectations of further declines based on recent posts on platform X.
Price forecast for 2025:
• Conservative forecasts: range between $1 to $1.5, assuming continued success of network operations and increased adoption.
• Optimistic forecasts: reaching $55.32 to $64.92 if the mainnet achieves significant success and widespread adoption.
• Most optimistic scenario: Some forecasts suggest prices could reach $500-520 by the end of 2025, but this depends on exceptional bullish momentum and strong market integration.
Trading recommendations:
1 Short-term traders:
◦ Buying strategy: Wait for a breakout of the resistance level at $1.50 with strong momentum (high trading volume and positive MACD signals) to enter buy positions.
◦ Selling strategy: Place sell orders at nearby resistance levels ($1.50 or $2.00) to secure profits while monitoring the support level at $0.60.
◦ Risk management: Use stop-loss orders at $0.50 to minimize losses in the event of a sudden drop.
2 Long-term investors:
◦ Buying opportunity: Invest at strong support levels ($0.60-$0.80) while holding the coin until the end of 2025, as forecasts indicate potential growth to $2.67 or higher.
◦ Holding (HODL): Given the vast user base and initiatives like the investment fund, Pi Network could be an attractive investment for those willing to take high risks.
◦ Diversification: Do not allocate more than 5-10% of your portfolio to Pi coin due to its volatile nature and lack of listings on major platforms.
3 Risk management:
◦ High-risk cryptocurrencies, and volatility can lead to significant losses.
◦ Monitor news related to the coin's listing on major platforms like Binance, as this could lead to increased liquidity and price.
◦ Avoid investing based solely on overly optimistic forecasts (such as $500), as they rely on uncertain assumptions.
Additional notes:
• Legitimacy and security: Pi Network has proven its credibility through the launch of the mainnet and the Know Your Customer (KYC) system, enhancing trust.
• Risks: Absence of listings on major platforms and allegations of a multi-level marketing model may impact long-term confidence.
• Independent research: Conduct thorough research and consult a financial advisor before making investment decisions, as these recommendations do not constitute direct financial advice.
Summary:
Pi Network is experiencing short-term bullish momentum with strong support from a broad user base and initiatives like the investment fund. However, market volatility and the lack of listings on major platforms require caution. For short-term traders, focus on support and resistance levels, while long-term investors can benefit from positive forecasts with careful risk management.
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