Does the prediction of post -i prices: $ 1.70 arrives after an increase of 7%? appeared first on Coinpedia Fintech News
The global market capitalization of cryptocurrency amounts to 3.07 billions of dollars, down 1% in the last 24 hours. Bitcoin (BTC) is stable nearly $ 94,880, while altcoins like LTC, XRP, Avx and Link have recorded losses.
As for Pi Coin, the Altcoin had had trouble for a peak almost $ 3 in February, its largely downward price action. Pi Coin recorded a monthly drop of 12% despite some short -term rebounds.
Will the price of the PI room increase in May?
However, as can approach, there are signs that the PI room could prepare for recovery. PI is currently negotiated at $ 0.6249, showing an increase of 7%, and with a market capitalization of more than $ 4 billion.
Although the wider feeling of the cryptography market shows an improvement, the rise in PI is always limited by the absence of key catalysts, such as major exchanges or significant improvements in Mainnet. EVEL.
On the technical level, the RSI has regularly improved from its lower April, showing an increasing accumulation, although a slower pace. Overall, traders seem cautiously optimistic about the future of Pi Coin, given its historical volatility and relatively low liquidity on exchanges. In addition, 7.8 million Pi tokens should be unlocked today, which could have an impact on the price.
Is $ 1.70 incoming?
Despite all these challenges, analysts like Dr. Altcoin believe that the Pi Coin price could reach $ 1.70 in mid-May. The increased price increases is based on upcoming events, in particular the consensual summit scheduled for May 14 to 16, where Dr. Nicholas Kokkis, the founder of Pi Network, should give a speech.
Analyst Andrew Griffiths shared that Pi Coin is currently stuck between bulls and bears around the 0.6 level. If the trend continues upwards and exceeds 0.75-0.78, it could reach 1. However, if the price drops below 0.55, it could point out a downward trend, possibly heading to 0.288.
