Pi Network Price Surges as Mainnet Launch Kicks Off Soon 🚀
Technical Indicators Supporting Price Growth
Pi Network’s daily chart suggests a bullish outlook. After rebounding from $30.1 in October, Pi Coin climbed to $100 on October 26. A correction to $48.10 on November 2 was followed by a recovery phase, with 50-day and 25-day moving averages trending upward.
Outlook for Pi Network Price
With positive technical indicators and a favorable roadmap, Pi Network may continue its upward trend. Analysts predict Pi Coin could test the $100 resistance level, a 71% gain from its current price. The RSI and MACD indicators suggest growing momentum ahead.
Risks and Support Levels to Watch
Despite optimism, Pi Coin may face challenges if it fails to meet mainnet launch prerequisites. A drop below the $48.10 support level could signal a bearish trend, weakening recovery momentum.
Broader Tap-to-Earn Market Trends
Pi Network is among several tap-to-earn tokens, including Citizen, Notcoin, and Hamster Kombat, experiencing price recovery. These tokens have gained significantly, reflecting growing interest in the tap-to-earn model. However, market volatility remains a key risk.
Conclusion
Pi Network’s price recovery reflects growing market optimism and progress toward a potential mainnet launch. While regulatory improvements and strategic milestones boost confidence, volatility risks persist. Achieving KYC compliance, expanding its ecosystem, and holding above key support levels will be crucial for long-term growth.
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