CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Crypto Potato 2025-06-18 11:23:43

Pi Network’s Price at a Crossroads: Bullish vs Bearish PI Scenarios

TL;DR PI’s RSI nears oversold levels, suggesting that a price surge could be on the horizon. However, the sharp rise in tokens held on exchanges over the past month may signal incoming sell pressure and hamper the bullish move. Time for a Pump? The most recent geopolitical conflict (the one between Israel and Iran) has put the brakes on the crypto market’s ascent, which was booming in the past few weeks. The native token of Pi Network is among the worst-affected altcoins, with its price slipping below $0.40 on June 13 (the lowest mark since early April). Since then, the asset has recovered some of the lost ground and currently trades at around $0.54 (per CoinGecko’s data), or a 14% decline on a weekly scale. PI’s Relative Strength Index (RSI) shows that the token might experience a further revival in the short term. The momentum indicator measures the speed and magnitude of recent price changes to identify whether a cryptocurrency is overbought or oversold. It ranges from 0 to 100, and ratios around 30 or below that level hint at oversold conditions, which could be a precursor to a rally. Anything above 70 is considered bearish territory and might indicate that a pullback is incoming. According to TradingView, PI’s current RSI stands at around 32. PI RSI, Source: TradingView Meanwhile, the cryptocurrency remains the subject of optimistic price predictions. The X user MOON JEFF recently claimed that anyone who sells PI at its ongoing rate “might be selling the floor.” The Bearish Scenario Conversely, the amount of PI held at crypto exchanges suggests that the bulls might have to suffer further setbacks in the near term. Current data shows that over 346 million tokens are held on trading platforms – roughly 82 million more than a month ago . PI Stored on Exchanges, Source: piscan.io The development suggests that a growing number of holders have moved their assets to centralized platforms, a move typically seen as a pre-sale step . MOON JEFF noted the increased supply on exchanges, saying: The only consistent thing about $PI is the increasing number of coins in exchanges. The number now stands at 347.6 million $PI . The number has been increasing everyday. Hold your $PI coins #PiNetwork pic.twitter.com/jgUyRLo0mS — MOON JEFF (@CRYPTOAD00) June 17, 2025 The post Pi Network’s Price at a Crossroads: Bullish vs Bearish PI Scenarios appeared first on CryptoPotato .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta