Pi Coin Gains Steam as Whales Accumulate – What’s Next?
Excitement is building in the Pi Network community as analysts and investors increasingly point to a potential breakout for the altcoin.
One prominent voice, PiMigrate, believes Pi Coin could eventually climb to $5, citing strong support around the $0.60 level and the potential for real-world utility to drive demand.
PiMigrate’s optimistic view was echoed by fellow market watcher Moon Jeff, who also sees $5 as a realistic target. Backing their claims, both analysts referenced technical indicators suggesting Pi is forming a solid base, and that its current price structure hints at upward momentum.
Meanwhile, technical analyst Xia noted growing bullish signals, especially after Pi Coin surged past $0.63 with notable trading volume. Indicators like RSI and MACD are trending positive, reinforcing the bullish case.
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Fueling this sentiment is a recent surge in whale activity. In just two days, investors moved around 41 million Pi Coins—worth an estimated $27 million—off exchanges, a shift seen as a sign of long-term holding and reduced selling pressure. A significant portion of that, more than 13 million Pi, was transferred from OKX to private wallets.
Still, not all signals point straight up. Analyst Alpha Crypto highlighted a symmetrical triangle forming on Pi’s higher timeframe chart. According to him, a decisive move back into this structure could open the door for long positions, while a drop below it might present a shorting opportunity. For now, he advises traders to wait for clear confirmation before making moves.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
