How High Can Pi Network’s (PI) Price Go in December? 2 AIs Speculate With Big Numbers

Perhaps pushed by a number of the newest updates for the community behind it, the PI token challenged the $0.30 degree on a few events in the previous month. Although it was stopped there, it now stands near $0.26, which really implies that its month-to-month efficiency is sort of promising in comparison with the remainder of the market, as virtually all of its digital asset opponents have posted double-digit losses.

But the query now arises of what’s subsequent, and we determined to get in contact with ChatGPT and Perplexity to test their views on the matter for PI in December.

Is ChatGPT Bullish?

Despite the current optimistic PI efficiency, in which the asset gained over 50% since its all-time low on October 10, its general pattern because it noticed the sunshine of day in February this yr has been fairly painful, and ChatGPT reminded that traders must also take note of that 90% drop.

Nevertheless, it believes that the current stabilization above $0.23 is the primary good signal because it means that “sellers might lastly be shedding management.” It famous that the $0.21-$0.23 assist is essential for PI and will decide its general efficiency in December.

In phrases of precise worth predictions, ChatGPT stated the token might attain as much as $0.35 over the following a number of weeks. To achieve this, it will want alignment throughout a number of components, comparable to higher general market situations and (*2*) to the Pi Network ecosystem, together with the most recent enhancements in the Pi App Studio.

In distinction, if the market heads for an additional correction and PI fails to interrupt the $0.27 resistance, then it might fulfill the bear-case situation, which envisions one other drop beneath $0.20 and probably difficult the ATL of simply over $0.172.

It really famous that that is the least possible situation as PI will now enter December “in a stronger place than it’s been in months,” earlier than it added:

“The token exhibits stability, bettering construction, and relative energy in comparison with the broader market. If the ecosystem continues to increase — and if macro situations don’t deteriorate — PI might ship one in every of its higher months.”

Does Perplexity Agree?

ChatGPT’s competitor wasn’t as looking forward to PI. It started its prediction by noting that analysts are “bearish short-term” for December, with “fashions forecasting averages of $0.198 and ranges of $0.194-$0.202, implying potential 20-25% drops from present ranges.”

It stated that some technical indicators, such because the RSI going above 65, counsel PI is perhaps overbought and due for a correction. It additionally famous that the general crypto market isn’t out of the woods but, which might set off one other industry-wide correction that may impression Pi Network’s native token as effectively.

In conclusion, Perplexity warned traders to be cautious about PI’s efficiency in the following month. Although there’s an opportunity for “flat-to-modest good points,” it added that “bearish forecasts counsel a cautious year-end round $0.20.”

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