Will Pi Network’s (PI) Price Recovery Continue in November? ChatGPT’s Bull vs Bear Scenarios

Pi Network’s native token went on the run in the previous couple of weeks, skyrocketing from its October 10 all-time low of $0.172 to roughly $0.29 earlier than it settled at round $0.25 as October closed. This spectacular rally got here after months of extended correction and a number of other optimistic developments in the Pi Network ecosystem, reminiscent of new updates, options, and AI implementations.

All eyes are actually on November because the 12 months is coming to an in depth, and the query we requested ChatGPT is whether or not PI has the flexibility to proceed its current run and double down on its value restoration makes an attempt.

Yay or Nay in November?

Before it made its predictions for the upcoming 30 days, the AI chatbot outlined the 2 causes behind PI’s 50% surge in late October: “renewed community activity (AI and utility-app pilots) and a pickup in off-exchange buying and selling quantity.”

It stays comparatively bullish on the asset for November, putting a 60% “base case” that it’ll hold climbing, slowly and regularly. It famous that in this almost definitely state of affairs, its present value stage can be the decrease boundary of a broader vary between $0.24 and $0.34.

“Modest continuation as ecosystem headlines hold curiosity alive however liquidity stays skinny,” it described this state of affairs.

Those hoping for a extra sustainable and spectacular enhance, one that may ship PI past $0.40, obtained a 25% probability from the AI answer. Such a bullish case can be attainable if the token breaks the $0.35 resistance following listings on new exchanges or further and extra tangible enhancements throughout the ecosystem.

ChatGPT’s bear case (15% chance probability) envisions one other drop under $0.20 and presumably retesting the ATL if “hype fades and no network-progress information lands earlier than mid-month.”

What to Watch

The in style AI chatbot outlined a number of components that may affect PI’s value in the following month:

• App-ecosystem traction – new Pi-based apps or AI integrations might maintain the restoration.

• Liquidity & listings – volumes stay small and principally OTC; broader trade assist can be the only largest bullish catalyst.

• Broader market temper – a stronger BTC/alt restoration this month would amplify any upside in PI.

In addition, it outlined the token unlock schedule, which exhibits the variety of cash to be launched in the next month. It might be used to get a broader perspective on whether or not the rapid promoting stress from buyers awaiting their tokens might ease or enhance.

Current information from PiScan exhibits that the typical day by day unlock is round 4.160 million tokens, which is nowhere close to as high as 8-9 million through the summer season. As such, this might ease the rapid promoting stress and permit the asset to stabilize in November as predicted above.

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