PI Network Short Term PredictionThe lowest support have been created, there's possibilities could reach until demand area
PIUSDT.P trade ideas
Dont fall for the panic sellThe price has settled at a really good level, around 0.7, after a panic sell. This is a really good sign. There is almost nothing to lose by waiting a bit longer for the European and U.S. exchanges to open.
See you soon, guys.
Breaking: $PI Tanked Hours After Listing Losing 99% of Value.The long-anticipated Pi Network Mainnet launch finally took place, igniting a wave of excitement among its massive community of over 10 million users. However, the aftermath of the launch took a surprising turn as NASDAQ:PI witnessed a staggering 99% drop in value within hours of listing, leaving traders and investors in shock.
Pi Network’s Mainnet Launch: A Major Milestone
After a two-year delay, Pi Network’s mainnet launch was expected to be a game-changer, marking the transition of Pi Coin from a testnet-based digital asset to a fully tradable cryptocurrency. With over 10 million KYC-verified users ready to migrate their holdings, expectations were sky-high.
Adding to the excitement, major crypto exchanges, including MEXC, announced pre-listing trading for NASDAQ:PI , and further listings were expected to boost its liquidity and adoption. The limited initial circulating supply of 1 billion tokens out of the total 9.7 billion was anticipated to create a supply squeeze, potentially driving prices higher. However, the reality played out quite differently.
NASDAQ:PI ’s Price Freefall: What Went Wrong?
Post-listing, NASDAQ:PI initially surged past $330, reflecting bullish sentiment and speculative enthusiasm. However, this surge was short-lived as the token nosedived to as low as $1.28, marking a dramatic 99% drop. This decline fell far short of traders' expectations, raising questions about the token’s market stability and fundamental soundness.
Several factors contributed to this massive price drop:
1. Lack of Clarity in Tokenomics: Before the mainnet launch, Pi Network had a supply of 64 million tokens. However, post-listing, major changes were made to the token’s supply structure, leading to uncertainty and skepticism among traders.
2. User Restrictions & Migration Issues: Many Pi Network pioneers (early adopters) reported difficulties in withdrawing their tokens due to the platform’s restrictive mobile number verification process. Some users claimed they could only edit two digits of their registered number, effectively locking them out of their accounts. This led to growing frustration within the community, raising concerns about whether the restrictions were intentional mechanisms to limit token circulation.
3. Inadequate Market Support: Despite multiple exchange listings, liquidity for NASDAQ:PI remained weak, failing to absorb the selling pressure that followed the initial surge. With uncertainty surrounding the token’s roadmap, many traders opted to exit their positions, exacerbating the downtrend.
Technical Analysis: Is a Rebound Possible?
At the time of writing, NASDAQ:PI is trading at $1.44, reflecting a 97.93% loss from its peak. However, technical indicators suggest a potential for reversal if fundamental issues are addressed:
- Relative Strength Index (RSI): The RSI stands at 35, indicating that NASDAQ:PI is approaching oversold territory. Historically, assets with an RSI below 30 tend to experience buying pressure, leading to a possible bullish reversal.
- Fibonacci Retracement: The 38.2% Fibonacci retracement level is currently serving as support. A bounce from this level could signal the beginning of a recovery.
- Falling Wedge Pattern: A bullish reversal could be on the horizon if NASDAQ:PI breaks above key resistance levels. However, sustained upward momentum will largely depend on the resolution of fundamental concerns surrounding the project.
What’s Next for Pi Network?
In response to the chaos, Pi Network has announced the launch of its Open Network Challenge, which aims to educate users about the ecosystem and provide interactive rewards. This initiative could help restore community confidence, but deeper structural issues need urgent attention.
To regain trust and market stability, Pi Network must:
- Provide clarity on tokenomics to prevent further market speculation and uncertainty.
- Improve accessibility for users to withdraw and migrate their tokens seamlessly.
- Enhance liquidity support through stronger exchange partnerships and clearer trading mechanisms.
Final Thoughts
Pi Network’s mainnet launch was expected to be a transformative moment, but its execution has left more questions than answers. While the project still holds significant potential, its future now hinges on how well it addresses the concerns of its vast community.
For traders, NASDAQ:PI remains a high-risk, high-reward asset. While technical indicators suggest a possible rebound, investors should closely monitor upcoming developments before making any moves in the market.
PI/USDT Pi Network launched mainet on the 20th of February 2025. Pumping to $2.7 on its debut before drop more than 50+%. It has found a resistance around $0.6 and we are expecting it to break out of the triangle to the upside to around $1
[PiCoin] Attempt at counting Elliott Waves in PiCoinBITGET:PIUSDT is the new crypto kid of the block and everyone is talking about it so I thought I will take a shot at it and see how it looks from Elliott Waves perspective. Watch the video to know the important levels one needs to watch out for along with tentative counts.
PI: The Next Big Hype ?Hello Traders 🐺
At the time of reading this idea, PI (IOU) is trading around $115 - $190 , which, in my opinion, is a very solid price for an IOU. But why? Let me explain it further:
1️⃣ IOUs are usually priced higher than the actual asset , but the interesting part is that when an IOU holds such a high value, it often indicates a strong potential for a good price once the real mainnet launches on February 20th.
2️⃣ PI has now become the 5th most-followed account on platform X, surpassing ETH! This is quite incredible in my opinion, especially considering that the mainnet hasn’t even launched yet! This shows that PI has a very strong and engaged community.
3️⃣ Many exchanges have already decided to list PI once the mainnet goes live. However, there is still no confirmation regarding a potential Binance listing . But if Binance does list PI, we could expect a massive hype and a strong price rally!
🔹 From a technical analysis (TA) perspective, there isn’t much to discuss yet. However, we can see that a triangle pattern has formed, and the price is currently trading above the resistance, which means a breakout has already occurred! 🚀
🐺 Stay sharp, trade smart! – KIU_COIN 🐺
Get Ready PiHoles!Hello traders. I see a possible intraday cup and handle forming. It's only been 1 day and keep in mind that many big exchanges are eyeing up this project!
Possible start of a range or a breakout above 0.9.As mentioned in the previous analysis I posted here , the 0.8 is finally broken, and the price even topped at around 0.9. Now, the key is to look for a reversal that confirms entry into a possible range. However, if 0.9 zone breaks, the next levels to aim for are the yellow levels marked on the graph.
Have a good week-end.
Best LevelsGeneral Observation:
📉 Strong Bearish Candles: After a sudden price spike, the price has undergone a sharp correction, forming strong bearish candles.
📊 Support & Resistance Levels: Several key levels are marked on the chart:
🔴 Resistance Levels: 1.00, 1.50, 2.00, and higher.
🟢 Support Levels: 0.50, 0.10, 0.05, and 0.01.
📉 Trading Volume: Initially high but then declined, indicating seller dominance and weakening buyer strength.
⚠️ Possibility of Further Decline: The price is near the 0.70 support. If broken, further drops to 0.50 or even 0.10 could follow.
🚀 Bullish Scenario: If the price reclaims 0.80, an upward move towards 1.00 might occur.
Strong Selling?!Pi Network coin is witnessing strong selling operations and a strong possibility of reaching the 0.15 level
After that, we may witness a price recovery
Intensive entry to buy at low levels gives a new start towards the rise
Opinion: PI Network So this coin could do what LUNA did or UNI did, BTC has another leg up to 160k+ left during mania I wouldn't be shocked to soo it run to 10-70 dollar area.
It has an interesting supply distribution similar to airdrop/faucet/mined coins; first come first serve just like it was with bitcoin, litecoin, and every other crypto currency (not tokens/pos/premine/etc...), the difference was this was free, all you had to do was press a button. It started in 2019 so about 6 years of supply distribution, and only KYC supply can be taken out. Most of the 100B supply isn't verified; so it'll be illiquid and you'll have about 70 million users with free coins with zero incentive to sell because it was free, that is also 70 million marketers. (lol) People saw what BTC did and what LTC did and KASPA, XRP, XLM and soo on. Valuations mean nothing when you have meme scams like TRUMP or TRUMPINU6900 or LUNC or DOGE etc... soo literally seeing 100B valuation due to illiquid and retard hodl mentality is within reach.
Compare PI charts to UNI or KASPA or LUNC chart. It may actually behave more like XLM/XRP chart. This is a fresh coin at the beginning of it's price history. In this scam market, shapes of patterns will mimic/copy things of similar character.
Is There Hope for $PI Network?The highly anticipated mainnet launch of the Pi Network, a project that had garnered a massive following of over 10 million users, was expected to be a watershed moment for the cryptocurrency market. However, the aftermath of the launch has left traders and investors reeling, as the PI coin witnessed a staggering 99% drop in value within hours of listing.
A Case of Overhyped Expectations
The Pi Network's mainnet launch was expected to be a game-changer, marking the transition of the PI coin from a testnet-based digital asset to a fully tradable cryptocurrency. With a massive user base and major crypto exchanges like MEXC announcing pre-listing trading, expectations were sky-high. The limited initial circulating supply of 1 billion tokens out of the total 9.7 billion was anticipated to create a supply squeeze, potentially driving prices higher. However, the reality played out quite differently.
This lack of clarity has led to a situation where the coin's value is largely driven by speculation, rather than any underlying fundamental value. As a result, when the mainnet launch failed to deliver on the hype, the price of the coin plummeted.
Technical Analysis
From a technical perspective, the PI coin's chart is a picture of despair. The token's price surged past $330 in the aftermath of the mainnet launch, only to nosedive to as low as $0.66, marking a dramatic 99.9% drop. The decline has been relentless, with the token currently trading at $0.6766, down 24.48% in the last 24 hours. The Relative Strength Index (RSI) is at 31.87, indicating that the token is oversold, yet the selling pressure continues to mount.
The chart pattern is bearish, with the token breaking out of a falling wedge pattern and failing to show any signs of a reversal. The open interest on the PI token is low, indicating a lack of conviction among traders, and the selling pressure is overwhelming. Gate.IO is the exchange with the most traded tokens, accounting for 29% of all trades, but even this has failed to stem the decline.
What Went Wrong?
So, what went wrong with the PI coin? The answer lies in a combination of factors, including:
1. Overhyped expectations: The mainnet launch was overhyped, and the market was expecting a moonshot. When this failed to materialize, the price collapsed.
2. Lack of clear use case: The PI coin lacks a clear use case, and the project's whitepaper is vague. This has led to a situation where the coin's value is driven by speculation, rather than any underlying fundamental value.
3. Poor marketing: The project's marketing efforts have been poor, failing to generate significant interest among institutional investors and users.
4. Technical issues: The mainnet launch was plagued by technical issues, including slow transaction processing times and high fees.
Conclusion
The PI coin crash is a stark reminder of the risks involved in investing in cryptocurrency. The project's lack of clear use case, poor marketing, and technical issues have all contributed to the decline. While the token may experience a dead cat bounce, the long-term outlook remains bearish.
Pi prediction 2025 to 2030 or earlier | 20th feb launch 2025 #piFirst Range & Blue Box: This might indicate a price range or consolidation zone marked by a blue box, acting as a key support/resistance area.
$800 Mark Crossover: If the price crosses above 800 and closes a candle above it, this suggests a strong breakout.
Strong Top at $500: If the breakout is confirmed above 800, the next target or resistance level could be around $1500.
Refined Trading Plan:
First Range Breakout:
If price crosses $800 and a candle closes above it, a strong upside move is likely.
Target: $1500 (first major resistance)
Momentum Continuation:
If price breaks above $1500 and closes above it, further upside potential emerges.
Targets:
$3000
$4000
$5000
$8000
$10,000
Until a hard pullback occurs.
Key Trading Considerations:
Entry Confirmation: Wait for a strong candle close above resistance levels before entering.
Stop Loss: Below the most recent breakout level (e.g., 1450 if entering after 1500 breakout).
Trailing Stop Strategy:
Move stop-loss to the previous level (e.g., if price hits 3000, SL moves to 1500).
Hard Pullback Signal:
A high-volume rejection wick at key levels.
A strong red candle closing below previous support.
Divergence on RSI/MACD indicating overbought conditions.
PIUSDT LONG - ONCE in a LIFE TIME trade IDEA
Pi Network to Block China and Other Regions From Trading, Exchange Confirms. Price is at Discount and is ONCE in a life time Trade Idea that ONE should not ignore.
Tp1 Target is 73$
Tp2 Target is 120$
Tp3 Target is 184$
Tp4 Target is 199$
Tp5 Target is 300$
Tp6 Target is 500$
Tp7 Target is 1000$
Remember always trade with caution dont invest more than what you can loose.
Trading is not gambling. Once your Targets on Profits get hit. kindly give some feedback here in comments.
All the best
What's up PiHoles!? Chart looking primed!I posted a chart a few days ago about a possible cup and handle forming and it's playing out. Hold your pi and keep your long-term vision!
Pi Network’s Open Mainnet Set to Launch 20th February, 2025The cryptocurrency world is abuzz with excitement as Pi Network, a decentralized ecosystem powered by its native cryptocurrency, Pi, prepares for its Open Mainnet launch on February 20, 2025. This long-anticipated transition marks a pivotal moment for the project, which has been in development for over six years. The announcement has already sent shockwaves through the market, with Pi surging by 200%, from $48.24 to $99.96, reflecting the immense optimism surrounding the project.
Why Pi Network is Poised for Success
Pi Network has built a robust community of over **19 million identity-verified Pioneers**, surpassing its initial KYC (Know Your Customer) goal of 15 million. This achievement underscores the project’s commitment to compliance and security, ensuring a trustworthy ecosystem for users. Additionally, over **10.14 million Pioneers** have successfully migrated to the Mainnet, exceeding the target of 10 million. This level of engagement is rare in the crypto space and highlights the strong belief in Pi’s vision.
Utility-Driven Ecosystem
Pi Network has already developed a thriving ecosystem with over 100 Mainnet or Mainnet-ready applications. These applications span various use cases, from decentralized finance (DeFi) to social networking, ensuring that Pi will have real-world utility upon launch. This utility-driven approach is critical for long-term adoption and sustainability, as it moves beyond speculative trading to actual use cases.
Transition from Enclosed to Open Network
Since December 2021, Pi Network has operated within an Enclosed Network, allowing Pioneers to complete KYC, migrate balances, and develop decentralized applications (dApps) in a secure, controlled environment. This phase has been instrumental in strengthening the network’s security, scalability, and utility. With the transition to an Open Network, Pi holders will finally be able to engage in transactions beyond the enclosed ecosystem, unlocking greater adoption potential.
No More Delays: A Firm Commitment
Despite past delays, including an extension of the KYC and migration deadline to February 28, 2025, the Pi Core Team has made it clear that there will be **no further pushbacks**. The February 20 launch is set to proceed as planned, instilling confidence in the community and investors alike.
Technical Analysis
The announcement of the Open Mainnet launch triggered a 200% surge in the price of Pi , jumping from $48.24 to $99.96. Although the price has since retraced to around $90.31, the asset remains in a strong position, with a 27.83% increase in the last 24 hours and a trading volume spike of 108%. This surge reflects the market’s optimism and anticipation of the upcoming launch.
The technical outlook for NASDAQ:PI is highly promising. The chart pattern shows a falling wedge, a bullish reversal pattern that often precedes a significant upward movement. Additionally, the Relative Strength Index (RSI) stands at 61, indicating that Pi is still holding onto its bullish momentum despite recent fluctuations. The asset is also trading above key moving averages, further supporting the bullish case.
With a total supply of 68 million PI, Pi Network is positioned for scarcity-driven growth. The limited supply, combined with increasing demand, could fuel a sustained bullish trend. The fact that Pi has held the **$40 resistance level** for months before the recent surge demonstrates strong support and investor confidence.
The Road Ahead: What to Expect
The transition to an Open Network is a monumental step for Pi Network, enabling seamless participation in Pi-based applications and transactions. This move will likely attract new users, developers, and investors, further solidifying Pi’s position in the cryptocurrency landscape. The completion of technical, product, business, and legal requirements ensures that the network is fully prepared for this transition.
For investors and enthusiasts, the upcoming launch represents a unique opportunity to be part of a project with **real-world utility, a massive user base, and strong fundamentals**. The recent price surge is just the beginning, as the Open Mainnet launch could catalyze even greater adoption and value appreciation.
Conclusion
Pi Network’s journey from an Enclosed Network to an Open Network is a testament to its resilience, innovation, and community-driven approach. With over 19 million Pioneers, a utility-driven ecosystem, and a clear roadmap, Pi Network is well-positioned to become a major player in the decentralized space.
As the countdown to February 20, 2025, begins, all eyes are on Pi Network. Whether you’re a long-time Pioneer or a new investor, the Open Mainnet launch marks the dawn of a new era—one that promises to redefine the future of decentralized ecosystems.
Bull run continuation if the triangle squeeze is broken.The price was "ranging" today but still seems to be following an uptrend. If the triangle is broken with acceptable momentum, it could be a good indication for the price to reach 2.0 or at least test 1.7. If a position is taken, I would recommend going break-even if the price hits 1.7.
If you want to try to short, you also have some hints on the graph.
Good luck, everyone, and see you soon!
[PI Coin] If 0.68 holds, we should start wave 3 up towards $4BITGET:PIUSDT chart is setting up nicely for a bullish up-move, if 0.68 holds which happens to be the wave 2 low. If these counts are correct then we have completed minor wave (1) of larger 3 and (2) of 3 is in progress. That leaves wave (3) of larger 3 to start which should cover most of the distance towards wave 1 and 3 equality around 4 usd.
Pi The Hottest Crypto on the Block! Future Price SpeculationPi is a cryptocurrency that has taken the crypto markets by shock. It has been getting slammed by calling it a scam or even a Ponzi scheme. From my research I couldn’t find where this speculation came from, since it doesn’t ask for money, yet it might take some user data to fund the server of the app through its ad feature that could be turned off for two weeks.
Speculation of a double digit, triple digit, or even the famous 300k per a pi is unrealistic at this current time or is it? Well, double digit is most likely, but it’s very slim unless I don’t see the full picture. To hit $50-$60 with current supply and not fully diluted supply, would make Pi worth more than Ethereum which is unlikely unless Pi is bigger in Africa and Asia than we expect. Pi is an XLM fork which is a fork of XRP. The max supply of Pi would be closer to XRP, but how it functions is closer to XLM. It uses an XLM protocol of trust and security mining. When you hit mine, it sends it to a node to verify that press and transaction. A lot of transactions on the network also go through the super nodes, yet those are few since Pi is also a centralized coin.
How centralized is it? Well, to move your Pi from your mining to your wallet you must perform a KYC. This helps bots, but also it creates an environment where if any criminal activity is found it can ban your wallet. Also, the process to become a super node, the Pi core team has approved you.
Trading this coin?
At the current price of Pi, I’ve given it a trading range of 0.63399-0.74111. It’s super early, but a mining rate for me of 0.08 with running a node and having 1 person it says I make about 3cents usd every hour. There isn’t a lot of new Pi coming into the market, besides the initial dump. There’s one problem now that could hult upward movement and that’s the US and UK have no exchanges that accept deposits or withdrawals. That’s a lot of Pi that can’t be sold or traded. A US and UK exchange to allow this could bring the price down to a new low of 0.50 or 0.40. At the moment in the US you can buy on HiBT and PionexUS, but can't deposit or withdraw.
Final thoughts?
-Pi has been slammed for years and now its out and hasn’t rugged, proves this project might be here to stay.
-Pi’s value is unknown without further knowledge of how widely used it is in places like Africa and Asia. Social media videos show its thriving and its followers on social media surpass top cryptocurrencies social media follower counts. There hasn’t been a big name backing this project yet. It is posted on Sandford as a sponsor, but that's where the founders went to school.
-Price range is 0.63399-0.74111 with 0.5-0.4 could come if US and UK sellers come in. I personally expected it to 0.20 for me with me mining a $0.01 an hour.
-There could be a moon rocket due to the amount of Pi that isn’t available to trade and not enough new Pi that is coming in the market.
Overall I’m bullish and with my Pi I mine, 3700+, I bought 1000+ more on Pi due to the supply shortage that could happen.
$PI/USDT Update to my previous analysis. We added few positions.
NASDAQ:PI uses a tweaked Stellar Consensus Protocol, so it’s energy-efficient, with a 5-second block time that’s roughly 120 times faster than Bitcoin’s 10-minute blocks. Posts on X from Pioneers are already hyping this speed, and if it scales without hiccups, it could handle real-world transactions better than sluggish giants like BTC.
Pi Network (PI) Price Analysis Pi Price Overview
Pi Network (PI) is currently trading around $1.45, showing a roughly 13% gain in the last 24 hours. On the 30-minute timeframe, PI has been pushing higher from its short-term support near $1.20, reflecting renewed buying interest.
Key Technical Levels
• Resistance: The next major resistance lies between $1.60 and $1.68. A solid break above this zone could pave the way for a move towards $2.00–$2.10.
• Support: Immediate support sits at $1.28–$1.20. If PI dips below this range, it may revisit the $1.10–$1.00 area, which could be an attractive re-entry point for those looking to accumulate.
Technical Indicators
• MACD: On the 30-minute chart, the MACD appears bullish, with the MACD line hovering above the signal line. Keep an eye out for any crossover, as that can signal a shift in momentum.
• Fibonacci Levels: The current price is near the 61.8% Fibonacci retracement from the recent swing high, making it a pivotal level. A strong close above it would bolster the bullish outlook.
• Volume: There has been an uptick in green volume bars, suggesting increasing buying pressure. However, a drop in volume could signal waning momentum and foreshadow a possible pullback.
Wider Market Context
The overall crypto market has shown modest strength, which can influence PI’s price direction. Monitoring major cryptocurrencies (like Bitcoin and Ethereum) alongside PI’s volume trends will help confirm whether the bullish sentiment can be sustained.
Daily Recommendations
1. Watch for a break above $1.60–$1.68 to potentially trigger a run towards $2.00–$2.10.
2. Monitor volume carefully – high volume typically supports further upside, whereas declining volume might hint at a consolidation or pullback.
3. Keep tabs on MACD crossovers for short-term trend reversals.
4. Look for pullbacks into the $1.28–$1.20 zone if you’re considering re-entries.
NOTE: My analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
