The goal of reaching $1 is back in the spotlight ๐
A wallet that's 2 months old and connected to a major exchange has shown new activity ๐, which is suggesting that the Pi Network (PI) could be listed soon! ๐
When activity from a wallet linked to a big exchange shows up, the yet - to - be - met demand on the exchange might boost the Pi Coin price forecast ๐.
On early Thursday trading, PI shot up by 15% ๐, landing it at the top of the "best crypto to buy" list ๐ฅ. But since then, the momentum has cooled down a bit ๐.
After a hawkish - but - uncertain FOMC meeting ๐ข and with an expected US - UK trade accord on the horizon ๐ค, the market headwinds are easing, and PI seems ready to expand ๐ฑ.
Moon Jeff, a well - known crypto researcher ๐จโ๐ป, revealed that the Pi mainnet has a significant Stellar deposit wallet linked to an exchange ๐.
Traders think these are signs that a listing is coming ๐ช, even though neither the main exchange nor the Pi Network core team has made any announcements ๐ค.
After its initial surge when the mainnet launched, Pi Coin might need a listing on a major exchange to break out of its downward trend ๐โ๐.
Since its mid - April breakout, Pi Coin has had a hard time climbing ๐๏ธ. It's currently 65% below the $1 target of its pattern ๐ฏ.
This stagnation is mainly due to inflation ๐ฐ. Even though buyers are in control, the MACD line is moving sideways above the signal line ๐.
According to PiScan data ๐, supply is outpacing demand, with $151 million worth of tokens set to be unlocked in the next 30 days โณ.
The RSI has climbed from the oversold level of 30 to 47 ๐, which might indicate a change in momentum as it gets closer to the neutral level of 50 โ๏ธ.
The Pi Coin's ecosystem launch on May 14 ๐
and its demonstration at Consensus 2025 ๐ could be very important. These events might showcase the Pi Network's ecosystem ๐, changing its image from an inflating, speculative asset with limited use cases ๐ to something more valuable and practical ๐.
With all these factors stacking up ๐, Pi Coin might break the $1 mark ๐ฅ and approach the resistance levels of $1.40 and $1.70 ๐ฐ!
โ ๏ธDisclaimerโ ๏ธ
The content of the article above is for informational and entertainment purposes only ๐๐ญ! It is not financial advice, investment advice, or a solicitation to buy or sell any cryptocurrency ๐ฐ๐ซ. The cryptocurrency market is highly volatile and risky ๐โก. Prices of Pi Coin and other cryptocurrencies can fluctuate wildly due to various factors such as market sentiment, regulatory changes, technological developments, and macro - economic conditions ๐๐ฅ.
Past performance of Pi Coin or any other cryptocurrency is not indicative of future results ๐๐. Predictions about the price and potential listing of Pi Coin are speculative in nature ๐ค๐ฎ, and there is no guarantee that any of the scenarios mentioned in the article will actually occur ๐คทโโ๏ธโ.
Before making any investment decisions related to Pi Coin or other cryptocurrencies, you should do your own thorough research, consult a qualified financial advisor ๐จโ๐ผ๐, and carefully consider your own financial situation, investment goals, and risk tolerance ๐ฐ๐ฏ.
The author and the publisher of this article are not responsible for any losses or damages that you may incur as a result of relying on the information in this article ๐๐ซ. Use the information at your own risk! ๐ชโ ๏ธ
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