Your forecasts regarding the Pi Network currency and the rise of its price between $2.50 and $3.15 in the near future depend on several factors. According to available information from recent web sources, it seems that the market is currently under selling pressure, with the price of the Pi currency dropping to around $0.38 after reaching a local high of $2.96. This decline coincides with the opening of large quantities of coins (like 275 million coins in June), which increases supply and exerts pressure on the price, especially with current declining demand.
However, there are optimistic forecasts from some analysts indicating the possibility of a rebound. For example, some believe that the price could reach $2.75-$2.80 by the end of the year if the fundamentals improve, such as increased adoption, support from trading platforms, and potential positive announcements on Pi Day 2 (June 28). One analyst also noted that the current price (around $0.64) could represent a buying opportunity before a potential bullish wave.
However, there are many challenges, such as the ongoing opening of coins and the increase in supply (1.5 billion coins will be opened over the next 12 months), which could hinder the rise if demand does not increase sufficiently. Furthermore, concerns remain regarding central concentration, with the Pi Foundation controlling over 90 billion coins.
Summary:
In the short term, it may be challenging to reach the $2.50-$3.15 range unless significant positive developments occur (like major announcements on Pi Day 2 or an increase in adoption).
Bullish forecasts depend on improvements in fundamentals and an increase in demand, but the large supply and current selling pressures present challenges.
If you think that the currency is in a consolidation phase, this may be true from the perspective of some analysts, but risks remain due to high volatility.
If you would like me to create a chart illustrating the potential price movement based on these forecasts, please confirm. I can also analyze specific posts on platform X if you want to see more current opinions.
