Kashmiri82
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#Pi
Pi rate is rising again / Good News👍👍
What's Driving the Rising Price of Pi Coin?
Although today's movement reflects a slight dip, several recent developments are fueling investor optimism and contributing to a rising trend overall:
1. Mainnet Migration Speculation
Analysts, like Jen, suggest that ongoing speculation around Pi’s second mainnet migration is creating bullish sentiment. This anticipated development—which could activate decentralized apps and increase liquidity—is seen as a major potential catalyst for a price surge, possibly up to $0.50. The current price action is forming a consolidation that may lead to a breakout.CoinCentralCoinGape
2. Technical Patterns Favoring Bullish Rebound
A falling wedge chart formation combined with signs of accumulation suggest that Pi may be entering a markup phase. Some forecasts even point to a 150% rally toward the psychological $1 level if these patterns hold.CoinGape
3. Correlations with Meme Coin Sector
Pi is showing high price correlation with meme coins like Dogecoin and Shiba Inu. During recent volatility, Pi recorded a 5.5% weekly increase—outpacing other major altcoins. If the meme coin sector rebounds, Pi could follow suit:
Correlation data: Dogecoin (0.76), Shiba Inu (0.84), Bonk (0.89), Floki (0.86)Pintu
4. Supply Dynamics and Core Team Support
According to an analyst known as "Dr Altcoin," Pi’s core team—controlling a large portion of the supply—has a strong incentive to maintain price levels above $0.40, especially to preserve the project’s ranking and investor confidence. As token unlocking slows, pressure on price may ease, potentially paving the way for gradual recovery beyond August
Pi rate is rising again / Good News👍👍
What's Driving the Rising Price of Pi Coin?
Although today's movement reflects a slight dip, several recent developments are fueling investor optimism and contributing to a rising trend overall:
1. Mainnet Migration Speculation
Analysts, like Jen, suggest that ongoing speculation around Pi’s second mainnet migration is creating bullish sentiment. This anticipated development—which could activate decentralized apps and increase liquidity—is seen as a major potential catalyst for a price surge, possibly up to $0.50. The current price action is forming a consolidation that may lead to a breakout.CoinCentralCoinGape
2. Technical Patterns Favoring Bullish Rebound
A falling wedge chart formation combined with signs of accumulation suggest that Pi may be entering a markup phase. Some forecasts even point to a 150% rally toward the psychological $1 level if these patterns hold.CoinGape
3. Correlations with Meme Coin Sector
Pi is showing high price correlation with meme coins like Dogecoin and Shiba Inu. During recent volatility, Pi recorded a 5.5% weekly increase—outpacing other major altcoins. If the meme coin sector rebounds, Pi could follow suit:
Correlation data: Dogecoin (0.76), Shiba Inu (0.84), Bonk (0.89), Floki (0.86)Pintu
4. Supply Dynamics and Core Team Support
According to an analyst known as "Dr Altcoin," Pi’s core team—controlling a large portion of the supply—has a strong incentive to maintain price levels above $0.40, especially to preserve the project’s ranking and investor confidence. As token unlocking slows, pressure on price may ease, potentially paving the way for gradual recovery beyond August
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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