PI Network token purchase pointshello friends
Due to the good growth of this token, now in case of correction, we can buy step by step within the specified limits and move with it to the specified goals.
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PIUSDT
Breaking: $PI Surges to $3 Before Retracing Amidst Market DipThe cryptocurrency market witnessed a surprising move as Pi Network ( NASDAQ:PI ) surged past its all-time high of $2.70, reaching an impressive $3 before a sharp retracement brought it back to $2.21. This remarkable 70% surge caught traders and investors off guard, demonstrating the unpredictable nature of the crypto space.
Technical Analysis
At the time of writing, NASDAQ:PI remains up 38.59%, with technical indicators showing a mix of bullish and corrective signals.
The 1-hour RSI sits at 59.47, indicating that buying pressure remains present but is gradually slowing down. The psychological $2 resistance zone has now been decisively broken, which could turn into a new support level. A potential retracement to $1.60, the ceiling of the bullish symmetrical triangle, may occur before another major upward push.
While the initial rally was explosive, the decline in buying momentum suggests a temporary cooldown before the next leg up.
If NASDAQ:PI can hold above $2, it could establish a solid foundation for another attempt at higher price levels. However, if selling pressure continues, the $1.60 level will be a critical area to watch for a rebound.
What’s Next for NASDAQ:PI ?
If bullish momentum returns, NASDAQ:PI could attempt to reclaim the $3 level and push toward new highs. However, if the price continues to decline, $1.60 will serve as a crucial support level before another breakout attempt. Traders should monitor RSI trends, volume shifts, and key resistance zones** for further confirmation of the next move.
With the $2 psychological barrier now broken, NASDAQ:PI ’s price action in the coming days will be crucial in determining whether this was a one-time event or the beginning of a sustained bullish trend.
PI/USDT Intraday Short BIAS TheoryBased on intraday chart, it appears to be a short-term trading strategy for PIUSDT on a 1-hour time frame. Here are some potential implications and considerations:
Bearish Divergenc e: a "bearish diversion forming," which could indicate a potential reversal of the current trend. However, without further confirmation, it's difficult to determine the direction of the reversal.
Stop Loss and Take Profit Range s: The provided stop loss and take profit ranges are quite broad, which may increase the risk of significant losses or gains. Consider narrowing these ranges to more specific levels, such as:
Stop Loss: 2.2 - 2.6
TP1: Short-term bounce at 1.5709 - 1.5712
TP2: Bounce at 1.5712 - 1.5
715
Time Frame: The 1-hour time frame is relatively short-term, which may make it more challenging to identify reliable trading signals. Consider expanding the time frame to 4-hour or daily charts to gain a better understanding of the trend.
RSI and Volatility: The text mentions an RSI value of 54.03, which is above the neutral zone (30-70). This could indicate overbought conditions, increasing the risk of a potential reversal. Additionally, the volatility indicators (Vol · PI) suggest a relatively high level of market activity.
Potential Trading Strategy
Considering the above points, a potential trading strategy could be:
Wait for Confirmation : Wait for further confirmation of the bearish diversion, such as a clear break below the 1.5704 - 1.5708 range.
Enter Short Position : Enter a short position at perpetual resistance of 2.1 - 2.0 range at the confirmation point, with a stop loss at 2.2 - 2.6.
TP1: Set the first take profit target at 1.5709 - 1.5712, with a 1:2 or 1:3 risk-reward ratio.
[PI Coin] If 0.68 holds, we should start wave 3 up towards $4BITGET:PIUSDT chart is setting up nicely for a bullish up-move, if 0.68 holds which happens to be the wave 2 low. If these counts are correct then we have completed minor wave (1) of larger 3 and (2) of 3 is in progress. That leaves wave (3) of larger 3 to start which should cover most of the distance towards wave 1 and 3 equality around 4 usd.
Best LevelsGeneral Observation:
📉 Strong Bearish Candles: After a sudden price spike, the price has undergone a sharp correction, forming strong bearish candles.
📊 Support & Resistance Levels: Several key levels are marked on the chart:
🔴 Resistance Levels: 1.00, 1.50, 2.00, and higher.
🟢 Support Levels: 0.50, 0.10, 0.05, and 0.01.
📉 Trading Volume: Initially high but then declined, indicating seller dominance and weakening buyer strength.
⚠️ Possibility of Further Decline: The price is near the 0.70 support. If broken, further drops to 0.50 or even 0.10 could follow.
🚀 Bullish Scenario: If the price reclaims 0.80, an upward move towards 1.00 might occur.
Breaking: $PI Tanked Hours After Listing Losing 99% of Value.The long-anticipated Pi Network Mainnet launch finally took place, igniting a wave of excitement among its massive community of over 10 million users. However, the aftermath of the launch took a surprising turn as NASDAQ:PI witnessed a staggering 99% drop in value within hours of listing, leaving traders and investors in shock.
Pi Network’s Mainnet Launch: A Major Milestone
After a two-year delay, Pi Network’s mainnet launch was expected to be a game-changer, marking the transition of Pi Coin from a testnet-based digital asset to a fully tradable cryptocurrency. With over 10 million KYC-verified users ready to migrate their holdings, expectations were sky-high.
Adding to the excitement, major crypto exchanges, including MEXC, announced pre-listing trading for NASDAQ:PI , and further listings were expected to boost its liquidity and adoption. The limited initial circulating supply of 1 billion tokens out of the total 9.7 billion was anticipated to create a supply squeeze, potentially driving prices higher. However, the reality played out quite differently.
NASDAQ:PI ’s Price Freefall: What Went Wrong?
Post-listing, NASDAQ:PI initially surged past $330, reflecting bullish sentiment and speculative enthusiasm. However, this surge was short-lived as the token nosedived to as low as $1.28, marking a dramatic 99% drop. This decline fell far short of traders' expectations, raising questions about the token’s market stability and fundamental soundness.
Several factors contributed to this massive price drop:
1. Lack of Clarity in Tokenomics: Before the mainnet launch, Pi Network had a supply of 64 million tokens. However, post-listing, major changes were made to the token’s supply structure, leading to uncertainty and skepticism among traders.
2. User Restrictions & Migration Issues: Many Pi Network pioneers (early adopters) reported difficulties in withdrawing their tokens due to the platform’s restrictive mobile number verification process. Some users claimed they could only edit two digits of their registered number, effectively locking them out of their accounts. This led to growing frustration within the community, raising concerns about whether the restrictions were intentional mechanisms to limit token circulation.
3. Inadequate Market Support: Despite multiple exchange listings, liquidity for NASDAQ:PI remained weak, failing to absorb the selling pressure that followed the initial surge. With uncertainty surrounding the token’s roadmap, many traders opted to exit their positions, exacerbating the downtrend.
Technical Analysis: Is a Rebound Possible?
At the time of writing, NASDAQ:PI is trading at $1.44, reflecting a 97.93% loss from its peak. However, technical indicators suggest a potential for reversal if fundamental issues are addressed:
- Relative Strength Index (RSI): The RSI stands at 35, indicating that NASDAQ:PI is approaching oversold territory. Historically, assets with an RSI below 30 tend to experience buying pressure, leading to a possible bullish reversal.
- Fibonacci Retracement: The 38.2% Fibonacci retracement level is currently serving as support. A bounce from this level could signal the beginning of a recovery.
- Falling Wedge Pattern: A bullish reversal could be on the horizon if NASDAQ:PI breaks above key resistance levels. However, sustained upward momentum will largely depend on the resolution of fundamental concerns surrounding the project.
What’s Next for Pi Network?
In response to the chaos, Pi Network has announced the launch of its Open Network Challenge, which aims to educate users about the ecosystem and provide interactive rewards. This initiative could help restore community confidence, but deeper structural issues need urgent attention.
To regain trust and market stability, Pi Network must:
- Provide clarity on tokenomics to prevent further market speculation and uncertainty.
- Improve accessibility for users to withdraw and migrate their tokens seamlessly.
- Enhance liquidity support through stronger exchange partnerships and clearer trading mechanisms.
Final Thoughts
Pi Network’s mainnet launch was expected to be a transformative moment, but its execution has left more questions than answers. While the project still holds significant potential, its future now hinges on how well it addresses the concerns of its vast community.
For traders, NASDAQ:PI remains a high-risk, high-reward asset. While technical indicators suggest a possible rebound, investors should closely monitor upcoming developments before making any moves in the market.
Pi Network’s Open Mainnet Set to Launch 20th February, 2025The cryptocurrency world is abuzz with excitement as Pi Network, a decentralized ecosystem powered by its native cryptocurrency, Pi, prepares for its Open Mainnet launch on February 20, 2025. This long-anticipated transition marks a pivotal moment for the project, which has been in development for over six years. The announcement has already sent shockwaves through the market, with Pi surging by 200%, from $48.24 to $99.96, reflecting the immense optimism surrounding the project.
Why Pi Network is Poised for Success
Pi Network has built a robust community of over **19 million identity-verified Pioneers**, surpassing its initial KYC (Know Your Customer) goal of 15 million. This achievement underscores the project’s commitment to compliance and security, ensuring a trustworthy ecosystem for users. Additionally, over **10.14 million Pioneers** have successfully migrated to the Mainnet, exceeding the target of 10 million. This level of engagement is rare in the crypto space and highlights the strong belief in Pi’s vision.
Utility-Driven Ecosystem
Pi Network has already developed a thriving ecosystem with over 100 Mainnet or Mainnet-ready applications. These applications span various use cases, from decentralized finance (DeFi) to social networking, ensuring that Pi will have real-world utility upon launch. This utility-driven approach is critical for long-term adoption and sustainability, as it moves beyond speculative trading to actual use cases.
Transition from Enclosed to Open Network
Since December 2021, Pi Network has operated within an Enclosed Network, allowing Pioneers to complete KYC, migrate balances, and develop decentralized applications (dApps) in a secure, controlled environment. This phase has been instrumental in strengthening the network’s security, scalability, and utility. With the transition to an Open Network, Pi holders will finally be able to engage in transactions beyond the enclosed ecosystem, unlocking greater adoption potential.
No More Delays: A Firm Commitment
Despite past delays, including an extension of the KYC and migration deadline to February 28, 2025, the Pi Core Team has made it clear that there will be **no further pushbacks**. The February 20 launch is set to proceed as planned, instilling confidence in the community and investors alike.
Technical Analysis
The announcement of the Open Mainnet launch triggered a 200% surge in the price of Pi , jumping from $48.24 to $99.96. Although the price has since retraced to around $90.31, the asset remains in a strong position, with a 27.83% increase in the last 24 hours and a trading volume spike of 108%. This surge reflects the market’s optimism and anticipation of the upcoming launch.
The technical outlook for NASDAQ:PI is highly promising. The chart pattern shows a falling wedge, a bullish reversal pattern that often precedes a significant upward movement. Additionally, the Relative Strength Index (RSI) stands at 61, indicating that Pi is still holding onto its bullish momentum despite recent fluctuations. The asset is also trading above key moving averages, further supporting the bullish case.
With a total supply of 68 million PI, Pi Network is positioned for scarcity-driven growth. The limited supply, combined with increasing demand, could fuel a sustained bullish trend. The fact that Pi has held the **$40 resistance level** for months before the recent surge demonstrates strong support and investor confidence.
The Road Ahead: What to Expect
The transition to an Open Network is a monumental step for Pi Network, enabling seamless participation in Pi-based applications and transactions. This move will likely attract new users, developers, and investors, further solidifying Pi’s position in the cryptocurrency landscape. The completion of technical, product, business, and legal requirements ensures that the network is fully prepared for this transition.
For investors and enthusiasts, the upcoming launch represents a unique opportunity to be part of a project with **real-world utility, a massive user base, and strong fundamentals**. The recent price surge is just the beginning, as the Open Mainnet launch could catalyze even greater adoption and value appreciation.
Conclusion
Pi Network’s journey from an Enclosed Network to an Open Network is a testament to its resilience, innovation, and community-driven approach. With over 19 million Pioneers, a utility-driven ecosystem, and a clear roadmap, Pi Network is well-positioned to become a major player in the decentralized space.
As the countdown to February 20, 2025, begins, all eyes are on Pi Network. Whether you’re a long-time Pioneer or a new investor, the Open Mainnet launch marks the dawn of a new era—one that promises to redefine the future of decentralized ecosystems.
Pi Nework Is going to the mainet publishing. The creator of Pi Coin/ Pi Network has establish the coding system for more than 5 years now, without publishing the token system in the mainet system so far. And today more than 60 Million whole world has been using this Pi network system in their barter sell and buy. The Pi network community has agree the value 1pi is worth USD 314,159 yet not in the mainet system.
Lots of the Pi network pioneer are waiting for the mainet lunching date is 1 January 2025. Here I try my best to predict the Pi Coin after the mainet date.
Thanks.
Pi Network good opportunityAs soon as we will flip the red box, it could start to fly hard. Community and support looks strong, it has tried to broke out from accumulation zone (failing) but this time looks different. Some major updates are coming. Target is 89, see you there
$PI - Pi NetworkPi Network might have just made it to the Guinness Crypto Record! Launched trading at $0, 01 cents on the 29.12.2022 on Huobi, it topped $345 exactly 24 hours later, that was only the IMPULSE WAVE, this impulse wave seems to be consolidating in the range $50 and $100, that puts waves 3 and 5 at over $1k! This is coin which has been mined for free on mobile phones since the project started in 2019 had a massive run in 24 hours, with 33 million active users world wide, it's trying to do something Bitcoin failed to do - a fair distribution to most people! Couldn't believe my Pi portfolio on the 30.12.2022 for a coin that I mined for free! The free mining on Pi Network is still active anyone with a mobile phone can still mine it for free although the mining rate has drastically gone down, but with 4 to 5 invitees actively mining you can still get 2,88 Pi per day at the current trading rate of $68, that's $195 per day!
