Analysts specify 3 incentives for PI Coin (PI)

The members of the PI network, referred to as the pioneers, express the increasing confidence in the possibility of increasing prices in the PI (PI).

This feeling of a series of prominent developments moves, including a high -level industrial event, a major market activity, and technical indicators that indicate a possible gathering.

Will the price of PI Coin (PI) increase?

After the launch and registration of Mainnet in late February, The price of PI Coin has seen a noticeable decrease. In fact, in late March, the PI decreased to less than $ 1.0. Moreover, during the past month, Altcoin decreased by 30.5 %.

At the time of writing this report, PI was trading at $ 0.64, putting a sign Simple gains by 0.4 % during the past day.

Despite the overwhelming performanceMarket monitors believe that the gathering may be on the horizon. Technically, Pi Coin currently unifies the price of $ 0.60. Analysts have identified this as an important accumulation area.

“After a long period of monotheism, PI/USDT show signs of possible occurrence – and the next goal may exceed $ 3.29!” Analyst Propagate.

The analyst suggested that the positive momentum extends beyond the price. He pointed out that the PI network is also Get traction in real world applicationsThe increase in society and the development of its environmental system. This indicates that its value and capabilities are supported by other factors only the market price.

despite this , Some are still cautious. Analyst Ranangay Singh highlighted that although the price has exceeded $ 0.60, indicating some stability, There are still major challenges. According to Singh, these include Lack of Mainnet is openThere are no lists of higher exchanges, and the absence of cases of use in the real world.

“The noise can start, but only real progress continues to continue. The next few months will appear the truth,” is books.

Meanwhile, the last market activity supports the optimistic expectations of PI. according to Data From Pissan, adult holders, or whales, greatly withdraws from stock exchanges.

“342 million PI are still on stock exchanges. In the past 48 hours, more than 20 million PI have been withdrawn from stock exchanges. This accumulation is signal,” user to publish.

The trend is often associated with an increase in imminent prices due to low exchange supplies.

Finally, there is another major factor that contributes to the upcoming expectations and is the upcoming appearance of Dr. Nicholas Cocalis, founder of the PI network, in consensus 2025 in May. Cocalis is expected to participate Promoting project clarity and credibility, It is likely to attract more attention in the PI.

“With Nicolas Kokkalis on the stage in consensus 2025, the Pi Network credibility was set in Web3 on height,” user Claim.

The convergence of these factors – improved vision of consensus 2025, withdrawing important exchanges, and promising technical indicators – put the PI currency for a possible break.

However, it is also important to consider Possible sale pressure from the distinctive symbol openings. Consequently, the coming weeks will be decisive in determining whether these expectations are fulfilled.