Pi Network Price Prediction: PI Soars 18% As Traders FOMO Buy This ICO Giving Free Bitcoin That Ends In 5 Days

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Pi Network Price Prediction: PI Plunges 57% As Investors Pivot To This $2.4M Bitcoin Presale Offering Free BTC
Pi Network Price Prediction: PI Plunges 57% As Investors Pivot To This $2.4M Bitcoin Presale Offering Free BTC

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The Pi Network price soared 18% in the last 24 hours to trade at $0.6266 as of 4:35 a.m. EST on trading volume that skyrocketed 43% to $166.07 million.

The PI price has been rising since Monday, as a new bullish wave started bringing recovery from last week’s losses. It has also been over 100 days since the launch of PI’s Open Network, during which its ecosystem continued to grow and expand.

The project also noted that, in addition to launching the Pi Network Ventures development initiative, it also introduced key updates that improved local commerce, security, platform-level utilities, utility-driven apps, and more.

Pi Network Price Prediction

The Pi Network price dropped from just under $0.55 to $0.47 over the weekend, only to start seeing a rapid recovery once the new week started. This was also when Bitcoin started a recovery from just above $100k to $105k and more.

The PI price followed, soaring back to $0.55, and then breaching this level and surging higher, all the way up to $0.6325 at its highest point. Since then, it has seen a slight correction, which has taken it back down to $0.6266 at the time of writing, and will likely take it further, potentially to a support at $0.60.

Its Bollinger Bands have seen a major widening as the price pushed the upper band up, but now that the recovery has started, that could change in the coming hours.

Pi Network Price Prediction

PI/USDT chart analysis (Source: TradingView)

The project’s Relative Strength Index (RSI) has soared deeply into the overbought zone in the last nine hours, venturing up to the value of around 85, and fluctuating between this level and the value of 70. This indicates great optimism and excitement among traders.

However, the situation started to change as traders took profits, sending the RSI down. Right now, the RSI has entered the neutral area and is spiraling down toward the value of 50. If traders stop selling at 50, the price is likely to stay above $0.60, but if they keep selling until the RSI hits the oversold zone, the support at $0.60 could be breached.

Promising Alternative To Pi Network

With PI correcting, investors are buying BTC Bull Token (BTCBULL) — a project that aims to help Bitcoin’s price grow, not just to its former all-time high (ATH), but as much as it possibly can.

To incentivize investors to buy both BTCBULL and Bitcoin, the project created multiple milestones for the BTC price, such as $150k, $200k, $250k, and so on, all the way up to $1 million, and beyond. It plans to airdrop free BTC to BTCBULL users whenever Bitcoin’s price hits one of these milestones for the first time.

On top of that, it will also burn a portion of BTCBULL whenever the BTC price reaches a new $50k milestone, starting at $125k. In other words, the better BTC performs, the more profitable BTCBULL will be. Meanwhile, investors who buy BTCBULL will also get more free BTC over time, as Bitcoin continues to reach new heights.

That is why investors have poured over $7.38 million into the BTCBULL ICO, and experts behind Cryptonews, a crypto YouTube channel with over 16.1k subscribers, think BTCBULL is the next 100x ICO token.

It is also worth noting that BTCBULL is about to end its presale in only five days, making this the last chance to buy it for only $0.00258 per token during the presale.

Visit the BTC Bull Token website.

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