Following a 2% uptick, on-chain data suggests that whales may be quietly accumulating at the lower end of its current consolidation range.
According to CryptoQuant, average order sizes on the spot market have jumped, signaling renewed interest from large wallets betting on a rebound.
Such sustained interest from deep-liquidity players usually hints at accumulation. A similar structure in April eventually resulted in a sharp recovery during early May. Analysts pointed to a similar setup currently forming.
Source: CryptoQuant
PI Price Analysis: How High Can PI Go?
As per the chart below, the RSI hovers near 48 while the MACD also remains flat, failing to confirm a trend reversal. These mixed signals set the stage for a critical decision point as PI approaches the apex of its ascending triangle.
Based on the chart structure, a successful breakout above the purple resistance band could trigger a sharp upward continuation. The green trajectory represents a potential multi-stage climb, first toward the mid-range resistance and then toward the $1 level, a possible increase of up to 328%.
Source: TradingView
On the other hand, a failure to hold the ascending trendline could drag PI down toward the green support block. Such a drop marks a drawdown close to 16%.
As PI Coin Prepares for Rally, New Meme Coin Lets Users Mine Crypto with Virtual Rigs
As PI price approaches a potential breakout past the $1 mark, investor attention is turning to rising stars in the early-stage crypto space.
PEPENODE ($PEPENODE) is leading the charge with a virtual mining platform that has already raised over $2.2 million and attracted a fast-growing community.
Instead of relying on expensive hardware or energy-intensive setups, users build virtual servers, upgrade mining rigs, and earn crypto, including popular meme coins like PEPE and BONK.
Built on Ethereum, the platform integrates easily with major wallets and DeFi tools, making it simple for anyone to start mining without needing technical skills.
$PEPENODE offers deflationary tokenomics with 70% of tokens spent on upgrading a virtual mining node being burned.
This results in a decrease in the token supply, increasing scarcity and potentially value over time.
Ultimately, PEPENODE attempts to bridge the worlds of DeFi, gaming, and meme culture. It aims to offer a calmer, more creative way to engage with the concept of crypto mining.
To buy PEPENODE before the next price increase, head over to the PEPENODE official website and connect a supported wallet, like Best Wallet.
Simply swap existing crypto or use a debit/credit card to complete the purchase in seconds.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
Parth Dubey on LinkedIn
Source: https://www.coinspeaker.com/pi-coin-price-prediction-whales-bet-big-on-comeback/