There are reports of a sharp decline in community sentiment on CoinMarketCap, with allegations of bot manipulation. This suggests potential hidden discontent or external attempts to negatively influence public perception. Allegations of bot activity in sentiment surveys are not uncommon in the cryptocurrency space, where online opinion can significantly impact price. The fact that this has occurred specifically on CoinMarketCap, while other platforms have shown different sentiments, raises questions about the reliability of the data and the motivations behind the alleged manipulation.
Community sentiments are highly volatile and depend on price action, expectations regarding exchange listings, and project updates. Allegations of sentiment manipulation highlight the exciting but potentially reactive nature of the Pi Network community. The strong emotional involvement of early miners, who obtained Pi for free, makes the community very sensitive to price movements and news. The intense desire for listings on major exchanges like Binance reflects the community's belief that this is crucial for broader adoption and price growth. Allegations of sentiment manipulation, whether true or not, indicate a certain level of concern and an understanding of the impact that public perception can have on the project's success.
Analyst Forecasts:
Experts predict a bright future for Pi, potentially exceeding $500 by 2030 (note: this seems highly optimistic and contrary to other short-term bearish signals). Such long-term, highly optimistic forecasts should be taken with a grain of salt, as the cryptocurrency market is notoriously unpredictable, and the Pi Network faces numerous challenges in achieving such a valuation.
Hashtag #ListPiOnBinanceNow is gaining popularity, indicating a strong desire from the community for Pi Network to be listed on Binance. Although community enthusiasm is high, #Binance has not confirmed any listing plans. The lack of this listing remains a source of disappointment and a burden on the price. Any positive news regarding a potential listing on Binance within the next 24 hours could trigger a significant price increase. Listing on Binance, the largest cryptocurrency exchange, would greatly increase the availability of Pi Coin to a global audience, leading to a substantial rise in trading volume and potentially attracting institutional investors. Historically, listings on major exchanges have resulted in significant price increases for cryptocurrencies due to increased demand and visibility. Therefore, any credible rumor or announcement about a listing on Binance in the next 24 hours would likely act as a strong bullish catalyst.
News regarding the legal dispute between SEC and Ripple indicates that despite the SEC withdrawing its appeal, the lack of lasting price increase suggests that this information may have already been priced in or is overshadowed by other negative factors. The prospect of launching ETF funds for XRP is generally a bullish signal in the longer term, but its immediate impact on price over the next 24 hours is likely limited. Negative macroeconomic data, such as higher-than-expected inflation in the USA and the threat of trade tariffs, pose a significant headwind for XRP and the entire cryptocurrency market in the short term. News regarding Tether (USDT), such as the issuance of new USDT tokens, the CEO's openness to launching a domestic stablecoin in the USA, and regulatory compliance issues, may indirectly affect the XRP/USDT pair. Increased supply of USDT could suggest potential buying pressure on cryptocurrencies, but the current market sentiment seems to neutralize this.
Technical indicators provide a mixed, but mostly bearish picture for the next 24 hours. The Relative Strength Index (RSI) indicates a neutral or slightly bearish momentum. On the shorter 6-period interval, the RSI is in the neutral zone. A drop in the RSI below the 50 level signals increasing selling pressure. Some sources indicate a neutral stance based on oscillators, while others give a sell signal. The MACD indicator has crossed below its neutral level, indicating increasing bearish momentum. The MACD level at -0.036 supports the sell stance, signaling weak momentum. On the 6-period MACD, it shows weak momentum and is close to zero, suggesting market indecision. A golden cross in the MACD is a bullish signal, but pertains to a longer period. Most moving averages (MA) and exponential moving averages (EMA) suggest selling conditions, except for the 200-period MA and SMA, which indicate long-term support. The price is testing the support range between 2.39 and 2.40 USDT, being below some MAs. XRP has dropped below the 100-day EMA, signaling potential decline. The 50-day and 200-day MAs on the 4-hour time frame show a downward trend. The 50-day EMA on the 1-day interval is also declining. The 50-day EMA is heading down, while the 200-day EMA continues to provide solid support. The price has fallen below the 2.40 USDT level, which coincides with the 200-period MA and EMA on the 4-hour chart. Overall, the technical indicators indicate a bearish advantage in the short term, although long-term support still exists.
#PiNetwork is the longest project death in the making that we've seen. 6 years of "work" to kill the project in one day. but no one is surprised. nothing in the application works as it should, KYC is a joke on the user and, in addition, there is no information about the time of its verification or information about the reason for its lack. zero contact with CT. no distribution of bonuses, no rewards for validators, indefinite suspension of the migration of "mined" coins. it was doomed to failure. good thing they didn't drag the death of this project for 6 years 😂
$BETA time to breakout.if the breakout does not occur within 12-24 hours, we can prepare for a drop to the next level. This will be valid for 12-24 hours, taking into account that BETA has been under supervision for a long time, only an increase can save it from delisting. 12h . The 12h chart suggests a tendency to increase and break, but this market is very unstable.