Pi Network (PI) Could Be Poised for a 240% Rally – Analysts Weigh In

Pi Network’s native token PI has caught the attention of analysts once again. After launching earlier this year with a rally to $3, PI has since slipped to around $0.36. However, some market watchers believe the tide could soon turn.

Crypto analyst JAVON MARKS predicts that PI could jump by 242% to $1.23, pointing to a hidden bullish divergence with the MACD indicator as the technical foundation for this forecast. Meanwhile, popular X user MOON JEFF argues that PI is still in an “accumulation zone,” suggesting that patient holders may be rewarded when the inevitable breakout comes.

Of course, risks remain. Over 140 million tokens are set to unlock in the next month, and exchange reserves have hit a record 445 million PI – signs of potential selling pressure.

Still, Pi Network continues to progress on the tech side, with upgrades moving toward protocol v23 and co-founder Dr. Chengdiao Fan preparing to speak at TOKEN2049 in Singapore.

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