The question of whether the #Pi Network coin is real is often raised without substantial reasoning. Many who claim that Pi is a scam typically do not own any Pi themselves and make such statements to justify their own skepticism. There are no strong technical reasons to doubt its legitimacy.
As for whether Pi's price will go up or down, it depends entirely on market circulation. One major concern is whether Pi pioneers (holders) will sell their coins, potentially driving the price down. However, this scenario is unlikely for several reasons:
Long-Term Commitment – Many pioneers have waited six years for positive results. Given their patience and belief in Pi’s potential, they are unlikely to rush into selling.Locked Pi Holdings – More than 50% of Pi holders have locked their coins for at least two years, either intentionally to gain additional Pi or mistakenly. These locked coins are effectively removed from circulation, reducing selling pressure.
Market Analysis and Price Trends
Pi has recently broken through key price levels, including $0.80, $0.95, $1.00, and $1.23, with the most recent breakthrough at $1.55. If the price stabilizes above $1.55, the next resistance levels to watch are $1.74 and $2.05.
In the past two days, Pi's price has repeatedly tested the $1.55 resistance level, making it weaker. There is a possibility that this resistance could break by February 26, 2025.
Disclaimer: This is my personal analysis and should not be considered financial advice. I am not responsible for any financial losses.
