Pi Network is currently negotiating at $ 0.6512 and has trouble exceeding the level of $ 0.66. After rebounded at a low almost $ 0.62, its price has been in a tight range in the past few days. Analysts say that this “rolled” scheme could lead to a large short -term movement, a break or a breakdown, soon. A not so fresh concern is the unlocking of the tokens, with 290 million tokens that should unlock in the next 30 days, according to the scan PI. About 9.9 million tokens are unlocked today.
Upsy possible?
Pi Coin forms a strong pattern of “triple low”, which could refer to a possible movement up. Rumors on the upcoming integration of phase 2 could stimulate interest and activity. If all the factors line up, Pi Coin could soon reach $ 1.
Analyst Kim Wong recently shared that PI had faced many doubts and criticisms during his 6 years, but patience has borne fruit because his main one was launched and Pi Coin is negotiated between $ 0.40 and $ 3 on major exchanges. He thinks that the PI price could increase because it reaches 100 applications, is listed on higher exchanges, wins the adoption of merchants and users complete KYC and migrate to wallets.
Pi Coin stuck between key levels
Pi Coin is blocked between the support of $ 0.62 and the resistance of $ 0.66. If it exceeds $ 0.66, it could increase around $ 0.69, but falling below $ 0.61 could push it to $ 0.57. He must need to break the level of $ 0.80 to bring back the bullish momentum. The MacD is flat but slightly positive, showing uncertainty.
Coincocex is expecting Pi Coin to become slightly below its current short -term trading level. His 1 month prediction is around $ 0.49, while in 3 months, he waits for a PI near the level of $ 0.50. These figures show that PI could remain a little less than 0.50 for a while.
User frustration increases on migration and kyc delays
Users are frustrated by migration problems, many stuck in KYC verification. The false announcements concerning a second migration added again to the confusion, while the PI Core team has yet confirmed anything official.
The fundamental principles of PI Network are also low because the number of PI holders is stuck around 14,952, with fewer new users. This shows that the first supporters lose interest, which harms confidence in the short -term future of PI.
