After a significant spike in price earlier in the year, PI has settled into a more stable trading range. Initially, PI experienced a sharp surge that drove the price above $130, followed by a steep decline. Since then, the price has largely traded sideways, maintaining a support level around $30 and resistance near $54 for a considerable period.
Currently, PI Price stands at approximately $58.04, with the most recent candle indicating a slight gain of 1.03%. The relative strength index (RSI) has reached 62.75, suggesting that the PI is approaching overbought territory, but still leaves room for further upward movement before reaching a critical overbought threshold of 70. The recent bullish movement above $50 indicates that sentiment may be shifting towards positive momentum.
Given the recent rise above $50 and consistent upward momentum, analysts predict that PI may attempt to break through the $60-$70 resistance range if trading volume and buying pressure increase. If this breakout succeeds, PI could test the next resistance level at around $90 and $100. However, if buying momentum fades, a pullback to the $50-$55 support zone is likely, which has shown stability over the past few months.
By 2030 and beyond, Pi Network could see significant price growth, potentially exceeding $300. By then, the network is expected to be fully functional, offering a wide range of services and applications. However, achieving long-term success will require ongoing technological innovation, favorable regulatory conditions, and the ability to scale while maintaining decentralization. Still, if Pi Network meets its ambitious objectives, the long-term outlook remains positive.
Also read: Cardano Price Prediction 2024, 2025, 2030, 2040, 2050