Short-term Assessment and Development Plan of Pi Coin
Pi Coin has just undergone a negative correction phase, reflected in technical indicators showing a clear weakening. Currently, the price of Pi Coin fluctuates around 574.5 USD, down 4.5% in the last 24 hours. The RSI is at 35, signaling that Pi is approaching the overbought area. The cryptocurrency market of Pi is showing signs of stagnation, raising questions about the long-term recovery potential of this coin.
Pi Coin is Facing Challenges at Major Support Levels
Over the past month, Pi Coin has been stagnant, losing about 20% of its value since the beginning of the month. Currently, the price is holding above the important support level of 560 USD. This is an area that has been tested multiple times and has become a key point to watch. If this level is broken, the price could drop deeper to around 400 USD, coinciding with the recent low. Strong resistances around the 750–800 USD range still exist, and the bulls will need to regain control of this area to form a new upward trend.
Transaction Volume and Sell Pressure Surge
The downward trend of Pi Network is also clearly shown by the significant decline in trading volume. At its peak, daily volume exceeded 3 billion USD. Currently, this figure is just over 100 million USD, accompanied by an increase in the number of new Tokens being unlocked daily. According to data from Pi Scan, more than 337 million Tokens are expected to be unlocked in the next 30 days, creating further selling pressure in the market.
Long-term Prospects of Pi Network in the Cryptocurrency Community
According to expert Dr. Altcoin, Pi may need more than 5 years to become a true global currency. However, currently, Pi still lacks price stability, real utility, and widespread acceptance. To be competitive and operate in the cryptocurrency ecosystem, Pi must reach at least a price of 10 USD. Furthermore, to develop into a digital asset with daily applicability, this value will need to increase even more.
Can Pi Coin Reach 1,000 USD?
Many positive predictions for the long-term future of Pi Coin. Predictive analyses, based on a strong user community along with solid fundamentals, suggest that Pi could reach 314 USD within the next 5 years. Some organizations predict the price could exceed the 500–1,000 USD mark by 2030, especially with the integration of DeFi and fintech technology.
The Deep Future of Pi Coin: Can It Exceed 20 USD in the Next Decade?
According to predictions from experts, if Pi Network maintains its growth momentum and expands community outreach, the price could reach between 20 USD and 50 USD by 2040. It should be emphasized that achieving the milestone of 1,000 USD in the future is possible but is extremely volatile and depends on the ability to maintain momentum, real utility, and global adoption scale of Pi.
The cryptocurrency market is constantly changing; understanding the fundamental factors and price trends is crucial for success. Pi Coin, although unclear in the short term, still holds many long-term opportunities as it prepares to expand its ecosystem and enhance applicability for the global user community.
Source: https://tintucbitcoin.com/pi-network-co-the-vuot-1000-usd/
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