AI Thinks Pi Network (PI) Could Hit $25, But Community Eyes $5 Target

PI coin has crashed almost 16% in the past week, unable to reclaim the 20-day EMA. PI faces resistance at $0.8230, $0.9494, and $1.5310 price levels. Pi recently debuted the mainnet and the migration is unfolding in three phases. Pi Network (PI), a project often sparking debate with its mobile-mining approach, finds itself navigating sharp volatility following the release of its anticipated Mainnet Migration Roadmap. While the update triggered an initial 4% price bump, the PI token quickly surrendered those gains. As of Monday, PI is trading at $0.6386, down nearly 16% over the past week. This decline places it under pressure, with the 20-day EMA acting as resistance at $0.6909. Recent price action shows PI flattening out, hovering near the $0.6366 mark, according to TradingView charts. This sideways movement coincides with noticeable drops in both trading volume and accumulation metrics – the Accumulation/Distribution line recently fell to -466.7M. This points to waning short-term enthusiasm and possible redistribution, indicating a consolidation phase post-hype. Source: TradingView Looking at price ceilings, Fibonacci levels drawn from the p… The post AI Thinks Pi Network (PI) Could Hit $25, But Community Eyes $5 Target appeared first on Coin Edition .

Source: Coin Edition