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The Pi Network price has climbed 4% in the last 24 hours to trade at $1.52 as of 3:30 a.m. EST on a 35% plunge in trading volume to $1.5 billion.
The leap in the Pi coin price comes as ChatGPT forecasts it can surge to $50 in a bullish scenario.
“In the long term, if Pi Network develops a robust ecosystem and manages inflation, it can maintain or go above $50,” it said. ”A bullish scenario ($20-$50+) can occur with superior Binance or Coinbase listings coupled with adoption in real-world settings, driving prices higher.”
It added that the most important things to monitor are exchange listings, practical use cases, and circulating supply.
Pi Network Price Eyes Breakout As Bullish Momentum Builds
The Pi Network (PI/USDT) chart on the 30-minute timeframe currently displays a bullish ascending triangle pattern, a formation that signals a potential breakout to the upside. The gradual tightening of price movement within this triangle indicates that buyers are steadily pushing the price upward, preparing for a possible breakout. If the price successfully breaks above the $1.60 resistance level, it could trigger a surge in bullish momentum, leading to a strong rally.
The potential breakout target is estimated by measuring the triangle’s height and adding it to the breakout point. In this case, a successful breakout could push the price toward $2.20 – $2.40, a region that aligns with previous liquidity zones and Fibonacci extensions.
The price is currently $1.52844, meaning the breakout has not yet been confirmed. If buyers fail to push past resistance, there is a possibility of a pullback to key support levels at $1.50 and $1.45 before another breakout attempt. These levels could provide good buying opportunities for traders looking to enter before the next bullish move.
PIUSDT Analysis Source: Tradingview
Pi Network Price Nears Resistance As RSI Weakens
The Relative Strength Index (RSI) is currently at 43.08, while the signal line is at 61.09. This indicates bullish momentum has slightly weakened, as the RSI has declined from previous overbought conditions. If RSI moves back above the 50-60 range, it would confirm renewed buying strength, supporting the possibility of an imminent breakout.
Conversely, if RSI continues to decline toward 30, it may signal further consolidation or a potential downward move. A strong breakout above $1.60 with high volume would serve as a confirmation signal for a rally toward $2.20 – $2.40.
On the other hand, if resistance at $1.60 holds, the price could retrace to $1.50 or even $1.45, offering a potential re-entry opportunity. Watching key indicators such as RSI, MACD crossovers, and moving averages will confirm the next direction.
MEMEX Presale Heads For $4M
As the Pi Network price prepares for another bullish rally, the Meme Index (MEMEX) presale has surged past $3.8 million in early funding
MEMEX is a crypto investment platform that offers diversified meme coin investing for the first time. It offers four different baskets: Titan, Moonshot, MidCap, and Frenzy. Each index has a different risk level, allowing investors to choose based on their risk appetite.
The Titan index is the safest option, investing in well-known meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). The Frenzy index carries the highest risk, focusing on new and emerging meme coins with high-profit potential and risk.
Crypto YouTuber ClayBro, who has over 136,000 subscribers, predicts that MEMEX could soar 26X after launch.
The MEMEX token is the backbone of the platform, giving holders the power to vote on upgrades, index adjustments, and future developments. Smart contracts handle secure transactions and automatically update the indexes.
Investors can also stake MEMEX and earn a massive 595% annual return.
Right now, MEMEX is priced at $0.0164896 and can be bought with ETH, USDT, BNB, or a bank card. The price will increase in less than 22 hours, so buy before then for the best deal.
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