{"id":630168,"date":"2025-02-25T12:14:18","date_gmt":"2025-02-25T12:14:18","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=630168"},"modified":"2025-02-25T12:14:18","modified_gmt":"2025-02-25T12:14:18","slug":"pi-network-price-prediction-pi-coin-defies-the-crypto-crash-with-2-pump-but-experts-say-this-23-4m-ico-might-be-the-next-big-crypto","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pi-network-price-prediction-pi-coin-defies-the-crypto-crash-with-2-pump-but-experts-say-this-23-4m-ico-might-be-the-next-big-crypto","title":{"rendered":"Pi Network Price Prediction: PI Coin Defies The Crypto Crash With 2% Pump, But Experts Say This $23.4M ICO Might Be The Next Big Crypto"},"content":{"rendered":"

The Pi Network price jumped over 2% in the last 24 hours to trade at $1.56 as of 6:14 a.m. EST.<\/span><\/p>\n

The rise in the PI price comes amid a broader crypto market crash that has seen the digital asset sector’s total capitalization plunge more than 8% over the past 24 hours.<\/span><\/p>\n

Pi Network Price In A Consolidation Channel<\/span><\/h2>\n

\"OKX:PIUSDT<\/p>\n

1-hour chart for PI\/USDT (Source: <\/span>TradingView<\/span><\/a>)<\/span><\/p>\n

The <\/span>Pi Network<\/span><\/a> price has entered into a consolidation channel between $1.4260 and $1.6950 over the past couple of days. This period of sideways trading could be the precursor to a strong move in the short term.<\/span><\/p>\n

Should traders identify PI’s current price as a buy opportunity, the Pi Network price might end up flipping the resistance level at $1.6950 into support. Thereafter, continued pressure from bulls could then lead to a climb to the subsequent resistance level at $1.9090.<\/span><\/p>\n

On the other hand, a bearish move might lead to the Pi Network price falling below the immediate support level at $1.4260. A drop to underneath this technical crutch might result in a plunge to as low as $1.1840.<\/span><\/p>\n

Technicals Suggest Bulls Are Slowly Taking Control Of The Pi Network Price<\/span><\/h2>\n

From a technical standpoint, indicators on PI’s 1-hour chart suggest the Pi Network price might continue to climb in the next couple of hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest bulls are gradually taking control of the <\/span>Pi Network<\/span><\/a> price.<\/span><\/p>\n

In the last couple of hours, the RSI was able to cross above its Simple Moving Average (SMA) line. Traders often see the RSI crossing above the SMA as a sign that buyers have gained an upper hand on an asset’s chart. Additionally, the RSI value is above the neutral 50 mark, which supports the bullish outlook.<\/span><\/p>\n

Meanwhile, the MACD line is starting to rise towards the MACD Signal line. If the former breaks above the latter, it could indicate that the Pi Network price has entered a positive cycle. Traders might react positively to this development and start to buy PI. This potential buy pressure could then lead to the Pi Network price climbing in the following few hours.<\/span><\/p>\n

As bulls attempt to take control of the Pi Network price, investors are flocking to a new Solana layer-2 project called <\/span>Solaxy (SOLX)<\/span><\/a>. <\/span><\/p>\n

According to 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, SOLX has the potential to soar 100X after launch.<\/span><\/p>\n