Despite currently trading at $0.63, the Pi Network has captured the attention of cryptocurrency analysts, with some forecasting a significant price surge to $10. The recent movement of 41 million Pi Coins from exchanges within just 48 hours has fueled these optimistic projections.


Analysts Highlight Strong Technical and Social Indicators


Prominent crypto analyst PiMigrate took to social media platform X to share a bullish outlook, stating that Pi Network's journey to $10 "has just begun." The analyst emphasized the importance of the $0.60 support level, suggesting it could serve as a springboard for further upward movement.


Adding to the positive sentiment, another well-followed analyst, Moon Jeff, pointed to a bullish chart setup supporting an intermediate price target of $5. His technical analysis suggests that Pi may be poised for a breakout if current patterns hold.


Whale Activity Sparks Market Buzz


According to a Pi community platform, major investors—commonly referred to as “whales”—have withdrawn approximately 41 million Pi Coins, valued at around $27 million, from centralized exchanges over a two-day span. Market observers interpret this as a signal that these investors intend to hold their assets rather than liquidate, thereby reducing the available exchange supply. If demand remains steady or increases, such a supply reduction could contribute to upward price pressure.


However, not all experts are ready to call a breakout. Some analysts advise caution, noting that Pi must re-establish a symmetrical triangle pattern on higher timeframe charts to confirm sustained momentum. Until this pattern is confirmed, price movement outside the triangle could also present short-selling opportunities.


Potential Catalysts: Exchange Listings and Public Visibility


The Pi community is also abuzz with speculation about upcoming exchange listings. A cryptic social media post from exchange HTX has raised hopes of Pi Network being listed, with anticipation growing around a potential debut on Binance, one of the largest global cryptocurrency exchanges. Such listings could dramatically enhance visibility and accessibility, driving up both interest and price.


Market Sentiment and Outlook


Currently, Pi Network has seen a 3% decline over the past 24 hours, with trading volume down 36% to $96.34 million. The Fear & Greed Index registers at 39, indicating prevailing fear in the market. Despite this, algorithmic price forecasts suggest a potential climb to $2.08 by May 21, 2025—a 228% increase from current levels.


As macroeconomic concerns like US-China tensions and political uncertainty remain in play, investors continue to watch Pi Network closely for technical confirmations, exchange developments, and further whale activity.


Hashtags: #PiNetwork #ctyptoforcast #binancrlisting



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