Pi Network price has increased by more than 4% in the last 24 hours after the release of its Migration Roadmap. However, it is still uncertain if this indicates a long-term upward trend. Technical indicators suggest that the price might be recovering, but there is strong resistance preventing a clear breakout. Many members of the Pi Community are frustrated with the lack of clear details in the roadmap, which adds to the uncertainty surrounding the future price.
The Migration Roadmap released by Pi Network lacks specific dates and clear details, leaving users frustrated. The roadmap outlines three phases but does not provide timelines, causing uncertainty among users. Some users have noticed discrepancies in their coin balances and have no way to resolve them. This lack of transparency has raised concerns about the project’s credibility and trust in the Pi Network.
Pi Network is currently trading just below the Ichimoku Cloud, which is a key resistance area. This suggests that buyers are trying to push the price up, but it has not yet broken through the resistance. The market is not strongly bullish yet, indicating that short-term momentum is weaker than the medium-term trend. Traders are being cautious and waiting for stronger signs before making significant moves. The Ichimoku Cloud is also getting thicker and more tilted, indicating that there may be bigger price swings in the near future.
The RSI (Relative Strength Index) of Pi Network has bounced back, signaling recovery. However, it has cooled slightly after peaking, weakening bullish momentum. The RSI is in a neutral-bullish territory, showing moderate strength but still far from overbought levels. If momentum continues to build, there is potential for growth, but caution is still needed as the trend is not yet solid.
Pi Network is currently testing key resistance at $0.66. A successful breakout could push the price to $0.789 and $0.858, reigniting bullish momentum. If the breakout continues, Pi could reach $1.23 or even $1.79. However, the unclear Migration Roadmap adds uncertainty to the situation. If Pi fails to break the $0.66 resistance, it may dip towards $0.54 or $0.40. The next few trading sessions will be crucial in determining the direction of the token.
The upcoming Consensus 2025 event has generated excitement in the Pi Network Community. Analysts believe that this event could be a major opportunity to promote Pi Network, especially with the participation of influential personalities. Dr. Altcoin is urging the Pi Core Team to expedite the approval of KYB applications and the official launch of DApps in the Pi ecosystem before the event. This could maximize the opportunity for Pi Network to gain credibility and growth on a global scale.
Consensus 2025 has the potential to be a game-changer for Pi Network, but only if the Pi Core Team acts quickly. The approval of KYB applications and the launch of DApps before the event could significantly boost Pi’s credibility and growth. Pi is currently priced around $0.64, but with upcoming developments and potential adoption by big institutions, some believe it could reach $30 in the long term. However, short-term volatility remains a concern.
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