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.
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.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly 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 passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/pi-coin-gains-steam-as-whales-accumulate-whats-next/