Pi Network (PI) Price Predictions for the Week Ahead

Pi Network’s native token has considerably defied the month-to-month disaster in the cryptocurrency markets. It’s down by 3% however that is fairly insignificant in comparison with different digital belongings, resembling BTC, ETH, BNB, and SOL, all of which have plunged by greater than 15% in the similar timeframe.

On a weekly scale, PI has even climbed by 13%, which has positioned it as the 59th-largest cryptocurrency by market cap as of press time. Consequently, we determined to ask ChatGPT about what may lie forward in the subsequent week for the token.

What’s Next, PI?

Perhaps a good portion of PI’s newest good points may very well be attributed to a few of the updates introduced by the group in the previous few weeks. The first concerned the Pi App Studio and aims to permit newbies in addition to extra superior builders to reinforce the modifying procedures for their functions.

Another one outlined earlier this week got here in the type of a partnership between Pi Network and CiDi Games, which targets the gaming viewers. Aside from these elementary upgrades inside the ecosystem itself, that are prone to affect the underlying asset, ChatGPT additionally highlighted the technical elements of PI.

It mentioned that the token holds firmly above the first short-term assist at $0.23, as consumers have “repeatedly stepped in throughout dips.” However, the key resistance stays round $0.26-$0.27, which was examined in October however didn’t give in for lengthy.

If it falls, ChatGPT mentioned PI will head into a protracted bull section, with targets of as much as $0.33 in the subsequent week or so. Another rejection, although, may result in a brand new drop to $0.20, particularly if the $0.23 assist cracks.

Gradual Upside

OpenAI’s resolution believes PI is amongst the few altcoins that focus on “gradual upside” slightly than explosive however short-term rallies, which have occurred in the previous however every resulted in a subsequent and violent correction.

It described it as “one among the most resilient tokens in the market, and technicals recommend it could proceed outperforming different altcoins.” The almost definitely state of affairs for the following week can be a sideways buying and selling section between $0.24 and $0.28.

The bull case envisions a surge to the $0.33 goal talked about above, whereas the worst-case state of affairs, until there’s a black swan occasion, can be a dip to $0.23. For now, although, ChatGPT stays optimistic about PI’s future value strikes, saying, “so long as it holds above $0.23, the path towards $0.28-$0.20 stays open.”

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