The PI network dropped 18% but could it rise to $3? Within the community push for transparency
The price of the PI network faces critical challenges as the Coin PI community pushes for transparency to avoid the same pitfalls that led to issues with the Om token. Without transparency, the project struggles to secure listings on major exchanges, and the price of the PI token may remain stagnant. However, the recent re-entry into the demand area on the PI price chart has sparked hope for a potential trend reversal.
The price of the PI network at a pivotal moment
The price of the PI network is at a pivotal moment as the PI community demands transparency to help the project avoid the same setbacks that affected the Om token (OM). A lack of openness has already hindered the PI token from securing listings on top exchanges such as Binance and Coinbase. These exchanges require clear data and auditing before listing a token, but the PI team has struggled to meet these requirements.
Dr. Alcoin, a member of the vocal community, emphasized the importance of adopting transparency to enhance investor confidence. He noted that "this is a huge lesson for the PI Core team," highlighting concerns about the lack of progress since the launch of the PI Mainnet. Additionally, the top 3 wallets, controlled by the PI team, hold over 67 billion tokens, raising concerns related to cherry-picking.
Despite recent setbacks, the price of the PI network decreased by 18.01% today, bringing it back to a major demand area. Historically, this area has led to price reversals and increased buying volume. If transparency is adopted and the team addresses these concerns, we could see significant price marches for PI, with some prices increasing to $3 or more.
PI Price Analysis on April 16
After that, the trading day began on April 15 with moderate trading displayed on the PI/USDT chart for 5 minutes. By 09:40 UTC, when the MACD line indicator showed a death cross that began a collapse, it was confirmed by the overbought RSI position. The price then entered a new trading range. The MACD line indicator showed a golden cross at 11:10 UTC, indicating potential upward movement for the price. However, a death cross appeared at 13:45 UTC, indicating a downward move. Later, at 21:10 UTC on April 16, a sell position appeared on the RSI indicator.
Chart 1, analyzed by Shwetacw, published on TradingView, April 16, 2025
The trading day on April 16 started with a downward momentum fueled by a sell position at the beginning of the day. Again at 04:35 UTC, the RSI indicator showed an overbought position, leading to finding new support at $0.6009. The MACD line indicator showed a death cross at 07:20 UTC, indicating a downward trend. According to the price forecast for PI, if the downward momentum continues, the price may break the current support and aim for $0.5200. Alternatively, if the trend reverses, it may break the current resistance, which was the previous support at $0.7133, aiming for $0.7800.
PI Network Price Prediction
The price of the PI network is heavily influenced by transparency and community efforts. In the short term, the PI token could rise to $0.71 if buying pressure increases. However, if the project addresses transparency concerns and secures listings, the price of PI could rise significantly in the long term, aiming from $1.00 to $3.00.
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