Pi Coin Price Forecast: Will This Mobile-Mined Penny Token Break Into the Top 50? – Coincu

The mobile friendly mining coin Pi made headlines lately with its mainnet launch on February 25 and everyone who is holding Pi would like to know whether this will make it to the top 25 from its current #37th position. In case you also want to try other projects  letting you explore a whole new arena, $APORK could be an option to explore. But let’s first get started with what’s pushing the Pi Mania to the moon. 

Top Factors Pushing Pi Network To the Top 25 Coins List 

At the time of writing,  Pi Network has seen a total of 55 M token unlock which has  anchored the narrative of a bearish pattern building up for the Pi Network pushing the token away from even the top 50 list. But this is just the tip of the iceberg because the long term upsides are showing a different pattern in formation; 

Support Levels have Not Diluted In Last few Days 

In the last couple of days, Pi has been trading at around $0.64, which is ending up as its critical support levels. 

As you can see in the chart that despite the falling RSI levels, Pi is holding on to the price points. This is generally happening because investors are reasonably optimistic about the future in the midst of the ongoing wars and uncertainty in the market. 

ATR Down, But High Investor Activity

Usually ,the health of any token is measured by the volatility that it can generate in a shorter time frame. At the time of writing, Pi Network’s ATR is holding at around $0.012 to $0.03, which though is signalling that it has entered a consolidation phase, but the PiScan report has somewhat negated the bearish sentiments because in the last 24 hours, on an average, more than  72,000 Pi tokens have been withdrawn from centralized exchanges (CEXs) and moved to personal wallets. This is a sign that volatility is returning for the Pi Token

And due to that a new trend has been forming on the charts. 

Triple Bottom Pattern To Signify a Bullish Case 

When you look at the last 8 hours chart of Pi, you will notice that there a triple bottom pattern in formation

Whenever there’s a triple bottom in formation but at the same time, instead of the tokens getting dumped they are moving to new wallets or getting accumulated for long, these signs are indicating that this is just the start of the trend reversal. With Pi, the same momentum is going on because the RSI and the MACD are showing a bullish divergence ahead. When such a trend is in motion, it triggers a market reversal in the long run. Which is itself indicative for the Pi token, because despite these challenges, the support level has been holding on steadily and in the near time, we can expect Pi to hit new highs. 

Key Expectations of Pi Network from these forecasts 

• Price breaking the projected neckline of $1.67, it is expected that Pi could well be trading at around $2.67 levels. However, for that to hold steady, Pi will have to break the psychological levels of $0.86, $1 and the $1.67 to trigger a full blown bull case for the token. 

Pi is a good option to take into consideration for your portfolio because it is a strong fundamental  project gaining traction in the market at the moment. But when you want to exploit the major upside of the crypto market, other verticals are equally important like  memes where  low cap entry with a good upside like Angry Pepe Fork $APork can give you diversification as an investor. APork is to get listed on top exchanges and this could be your way to financial freedom like Pi, that you have been dreaming about all this while.