Pi’s 6% Drop Highlights Why $0.50 Support Is Key for Bulls
- Pi token drops 6%, holds support near $0.50 for now.
- Analyst predicts $314 future; others question circulating supply assumptions.
- Technical charts show mixed signals; RSI indicates oversold conditions.
The Pi Network price has dropped more than 6% in recent days, raising concerns within its growing community. Despite the dip, some analysts believe a short-term recovery might be possible, as the token holds support around the $0.50 mark.
As the price fell below $1, many long-time Pi supporters started to lose hope. However, some remain hopeful about Pi’s long-term future.
Analyst’s Bullish Long-Term Pi Network Price Prediction
Crypto analyst Dr. Altcoin, recently shared his views, saying, “Many gave up when Pi dropped below $1. I didn’t — and I won’t. My time zone is five years, and I clearly see 1 Pi reaching $314 one day.”
This Pi Network price prediction faces skepticism, with critics noting a $314 price implies a $31 trillion-plus market cap based on a 100 billion token supply. However, Dr. Altcoin counters that the effective circulating supply will likely be far lower, perhaps around 20 billion Pi due to factors like KYC compliance.…
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Pi’s 6% Drop Highlights Why $0.50 Support Is Key for Bulls
- Pi token drops 6%, holds support near $0.50 for now.
- Analyst predicts $314 future; others question circulating supply assumptions.
- Technical charts show mixed signals; RSI indicates oversold conditions.
The Pi Network price has dropped more than 6% in recent days, raising concerns within its growing community. Despite the dip, some analysts believe a short-term recovery might be possible, as the token holds support around the $0.50 mark.
As the price fell below $1, many long-time Pi supporters started to lose hope. However, some remain hopeful about Pi’s long-term future.
Analyst’s Bullish Long-Term Pi Network Price Prediction
Crypto analyst Dr. Altcoin, recently shared his views, saying, “Many gave up when Pi dropped below $1. I didn’t — and I won’t. My time zone is five years, and I clearly see 1 Pi reaching $314 one day.”
This Pi Network price prediction faces skepticism, with critics noting a $314 price implies a $31 trillion-plus market cap based on a 100 billion token supply. However, Dr. Altcoin counters that the effective circulating supply will likely be far lower, perhaps around 20 billion Pi due to factors like KYC compliance.…
The post Pi’s 6% Drop Highlights Why $0.50 Support Is Key for Bulls appeared first on Coin Edition.
Read More