Table of Contents
ToggleKey Takeaways:
- Pi Network’s Current Status: As of October 7, 2024, Pi Network price is trading at $42.1, reflecting a significant recovery after a sharp decline earlier in the year. Despite being unlisted on major exchanges, Pi price (in IOUs) continues to gain traction, with a self-reported market cap of $2.95 billion and a circulating supply of 68 million PI tokens.
- Market Performance: Pi Network price has shown strong performance over the past week, with its price rising 21% and an 8% gain in just the last 24 hours. The token’s recent rally comes after a period of stagnation, and despite the extremely low trading volume of around $35,000 according to CMC, its market activity indicates growing interest from investors and traders. Its price is still well below its all-time high of $307.5, signaling room for further recovery.
- Technical Analysis: Pi Network’s current price action suggests it is trading near its key resistance level of $42.1, which coincides with Fibonacci pivot points. Technical indicators show that Pi is trading slightly above its 50-day Exponential Moving Average ($34.95) and 200-day EMA ($36.52), signaling a possible continuation of the upward trend. The RSI level of 66.9 indicates a bullish momentum, although the Moving Average Convergence Divergence (MACD) level (+0.76) suggests the market could experience some short-term volatility.
- Pi Network Price Predictions: For the remainder of October 2024, Pi Network price is predicted to experience further gains, with potential to break above key resistance levels and reach a price range of $50 to $57. The broader market sentiment and technical indicators support the possibility of continued bullish momentum, backed by positive chart patterns. Traders should watch for a breakout above $50, which could signal a strong price rally.
- Future Outlook: The outlook for Pi Network remains cautiously optimistic, with potential for significant growth as the network continues to mature and gain wider recognition. However, its limited availability on major exchanges adds uncertainty to its price trajectory, making predictions challenging.
Pi Network Overview as of October 7, 2024
Pi Network Price | $42.1 |
24 Price Change | +8% |
7D Price Change | +21% |
Market Cap | $2.95 billion (self-reported) |
Circulating Supply | 68 million PI |
Trading Volume (24-Hour) | $35k |
ATH | $307.5 |
Fear-Greed Index | 50 (Neutral) |
Sentiment | Bullish |
Volatility | 6.9% |
Green Days | 15/30 (50%) |
- In March 2024, Pi Network price saw a significant rally, with its value tripling from approximately $40 to over $120 within a few days.
- After this surge, Pi Network price sharply declined down to $32 range, erasing all the gains. However, over the past couple of days, PI price has recovered significantly and is trading around $42.
- During April and May, Pi Network price remained range-bound, hovering just above its 50-day and 200-day EMAs, with Fibonacci pivot points close by, indicating the likelihood of this trend continuing.
- As Pi Network is not yet listed on most major global exchanges, its price remains highly volatile and largely influenced by key market players, making forecasts difficult.
Disclaimer: The mainnet for Pi Network has not been launched yet. The prices displayed on certain exchanges represent the value of IOUs and may not be transferable across different exchanges. It is important to conduct thorough research and stay informed before making any investment decisions.
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Indicator | Value |
Support levels (Fibonacci, S1/S2/S3) | $31.1 / $29.3 / $26.3 |
Resistance levels (Fibonacci, R1/R2/R3) | $37.2 / $39 / $42.1 |
50-day EMA | $34.95 |
200-day EMA | $36.52 |
RSI level | 66.9 |
MACD level (Signal Line) | 0.76 |
Pi Network Price Prediction October 2024
October 2024 is poised to witness robust gains in Pi Network price, with expectations ranging from $50 to $57. The overall crypto market hype is anticipated to drive significant upward momentum in Pi Network, potentially surpassing key resistance levels. Technical analysis suggests bullish indicators dominating market sentiment, with potential for strong price appreciation. Traders should monitor market developments closely, as the possibility of volatility increases amidst heightened trading activity.
Pi Network Price Prediction November 2024
November 2024 could see Pi Network price continuing its uptrend, hovering around the $57 to $64 mark. The momentum from the “uptober” frenzy may spill over into this month, sustaining bullish sentiment. Technical indicators suggest the potential for minor corrections amidst the ongoing bullish trend, presenting opportunities for strategic entry points. Traders should exercise caution and utilize risk management techniques to navigate potential market fluctuations effectively.
Pi Network Price Prediction December 2024
December 2024 may conclude with Pi Network price stabilizing around $60, marking a slight softening after two consecutive bullish months. Market sentiment could experience a subtle shift as the year draws to a close, with investors adjusting their positions accordingly. Technical analysis indicates a consolidation phase as Pi Network seeks to establish a stable price floor. Traders should remain vigilant and adapt their strategies to evolving market conditions to mitigate risks effectively.
Pi Network Price Prediction 2025
- The start of the year may witness the bulls gaining huge dominance which could keep up the bullish trend throughout the first quarter.
- This lasting positive impact could result in a big price rise, maybe a jump beyond $480 or even $500 by the middle of the year.
- After marking new highs around $550 to $620, the trend is expected to flip with the bears gaining some momentum.
- By the end of the year, Pi could be moving between $500 and $520, showing clear signs that the market is turning bearish.
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Pi Network Price Prediction 2026
- The downward trend observed in 2025 could continue into the next year, with a chance of a turnaround on the horizon.
- This possible change in direction might result in a significant early 2026 price decrease, facing ongoing and strong selling pressures.
- The downward trajectory is expected to persist throughout the year, potentially pushing prices to range between $370 and $410.
- By the end of the year, PI price is predicted to fluctuate between $400 and $430, indicating that bears will continue to have a significant impact on the market’s direction.
Pi Network Price Prediction 2027
- In 2027, Pi could experience a period of stability, offering relief amidst the prevailing bearish market conditions.
- With less selling happening, there may be a chance for bullish influences to counter the ongoing downward trend.
- As the year advances, especially in the later months, signs of upward movement might appear, with peaks and troughs indicating a strengthening bullish influence.
- Pi Network price could rise above $500, settling within a stable range of $520 to $550 by the end of the year.
Pi Network Price Prediction 2028
- After a challenging bear market, PI may initiate a recovery marked by an expanding bullish trend.
- Despite bearish attempts to breach crucial support levels, robust bullish factors could counteract the downward force.
- Approaching the year’s end, indications of a significant upward price change become evident, signaling the beginning of a potent upward trajectory.
- This positive trend could lead to Pi Network price stabilizing between $610 and $650 by the end of the year.
Pi Network Price Prediction 2029
- In the next trading cycle, markets may strengthen, displaying enhanced ability to withstand negative pressures.
- The impact of downward forces could diminish as bullish factors persist, accompanied by increased buying volume.
- As we progress into the latter months of the year, the prevailing bull market gains further confidence, striving to exceed PI’s previous peak.
- By the end of the year, PI price is anticipated to remain stable, fluctuating between $750 and $820, showcasing resilience within this range in the latter part of the year.
Pi Network Price Prediction 2030
- In 2030, Pi Network may begin a lasting upward trend, surpassing the $800 mark and establishing a new high.
- Although this accomplishment might be short-lived, it lays a strong foundation for positive strategies.
- Following this, the PI price could experience a significant increase, potentially reaching a fresh peak ranging between $1050 and $1150.
- However, this achievement might trigger a negative response, leading to an extended consolidation period in a bearish market. This downward phase is projected to persist until the end of the year, with PI trading within the range of $890 to $920.
Will the Pi Network Price Rise Again in 2024?
The Pi Network has broken above the prolonged consolidation that it maintained throughout 2023. Therefore, with a significant change in momentum and market sentiments, the PI price is believed to maintain a healthy upswing for the rest of 2024.
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