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Price Prediction for Pi Network: The Crash Is Inevitable $0.005For those still holding onto Pi with the hope of future gains, it's time for a serious reality check. 🔍 Why Pi Network Is Destined to Collapse: Illegal KYC Practices Under Investigation: Apple and Google are actively investigating Pi Network’s highly questionable KYC process, where random users - not official employees, are allowed to review sensitive personal information, including passports and ID documents. This is in violation of data privacy laws such as the GDPR (General Data Protection Regulation) and other global data protection standards. If these investigations lead to the app being removed from the Google Play Store and Apple App Store, the Pi Network ecosystem will collapse overnight. A Centralized Ponzi Disguised as Crypto: Despite the crypto façade, Pi Network is entirely centralized, operating through a single app where all transactions and mining are controlled. The referral-based system strongly resembles a Pyramid scheme, with rewards heavily dependent on recruiting new users instead of delivering any genuine utility. Whale Manipulation & Market Extraction: Recent price movements show clear signs of whale manipulation - a tactic used to pump up the price, extract as much value as possible from retail investors, and leave smaller holders with the losses. The latest pump seems to have created just enough liquidity for a massive final dump. 📉 My Prediction: Imminent Crash Ahead Short-term target: Expect PI to fall to $0.20 as whales continue to unload their holdings, draining liquidity from hopeful investors. Mid-term collapse: Within the next few weeks or months, the price could plummet to as low as $0.005 as legal investigations intensify and user trust erodes completely. Long-term outlook: Once the app is removed from major platforms, and regulatory action kicks in, the Pi Network could become entirely worthless - similar to what happened with BitConnect. ❗ Final Thoughts: If you're still holding onto PI thinking a turnaround is possible, you’re risking everything on a collapsing pyramid. The recent pumps aren’t a sign of strength - they’re the final attempts by insiders to extract whatever value remains from unsuspecting holders. The Pi Network isn’t just another failing crypto project—it’s a glorified fraud that has preyed on vulnerable communities, exploiting users' data while delivering zero real value. Don’t be the last person left holding the bag when the inevitable crash happens. 🚫💥
Short
by inequivalent
75
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.
Short
by Crypto225
Pi Network (PI) Morning Market Update Monday 24th Feb 2025Current Price Overview: • Current Price: $1.528 (-0.83%) • 24H High: $1.698 • 24H Low: $1.206 • Resistance Levels: $1.60 – $1.70 • Support Levels: $1.50, then $1.40 – $1.42 Recent Developments: Pi Network successfully launched its Open Mainnet on February 20, 2025, after multiple delays. This milestone allows users to conduct transactions beyond the Pi ecosystem and interact with external networks on the Mainnet blockchain. The launch led to significant market activity, with the PI token being listed on multiple exchanges, and experiencing sharp price movements. Initially, the price surged to $2.10 but quickly corrected, stabilizing around the current price of $1.528.  Market Sentiment: The sentiment surrounding Pi Network is mixed. While the mainnet launch has been a significant achievement, concerns have been raised regarding the project’s legitimacy. Notably, Bybit CEO Ben Zhou labeled the project a scam, citing warnings from Chinese authorities. These allegations have contributed to increased volatility and caution among investors.  Fundamental Analysis: Pi Network has amassed a substantial user base since its inception in 2019, with over 19 million Pioneers completing KYC verification and more than 10 million migrating to the Mainnet. The project’s goal of creating a decentralized and user-friendly cryptocurrency ecosystem is ambitious. However, the recent price volatility and external criticisms highlight the importance of transparency and robust security measures to maintain investor confidence.  Key Technical Indicators: • MACD: The Moving Average Convergence Divergence (MACD) indicates a potential bearish crossover, suggesting possible downward momentum. • RSI: The Relative Strength Index (RSI) is approaching oversold territory, which may indicate a potential buying opportunity if the trend reverses. • Fibonacci Retracement: The current price is testing the 61.8% Fibonacci retracement level from the recent high, a critical point that could determine future price direction. Recommendations: 1. Monitor Support and Resistance Levels: Keep an eye on the $1.50 support level. A break below this could lead to further declines toward the $1.40 – $1.42 range. Conversely, surpassing the $1.60 – $1.70 resistance zone may pave the way for upward movement. 2. Stay Informed on Project Developments: Given the mixed sentiment and external criticisms, staying updated on official communications from the Pi Network team is crucial. Transparency and proactive engagement can significantly influence investor confidence. Good luck, and follow for more!
Long
by DailyPiBySte
Pi Network (PI) Price Analysis Pi Price Overview Pi Network (PI) is currently trading around $1.45, showing a roughly 13% gain in the last 24 hours. On the 30-minute timeframe, PI has been pushing higher from its short-term support near $1.20, reflecting renewed buying interest. Key Technical Levels • Resistance: The next major resistance lies between $1.60 and $1.68. A solid break above this zone could pave the way for a move towards $2.00–$2.10. • Support: Immediate support sits at $1.28–$1.20. If PI dips below this range, it may revisit the $1.10–$1.00 area, which could be an attractive re-entry point for those looking to accumulate. Technical Indicators • MACD: On the 30-minute chart, the MACD appears bullish, with the MACD line hovering above the signal line. Keep an eye out for any crossover, as that can signal a shift in momentum. • Fibonacci Levels: The current price is near the 61.8% Fibonacci retracement from the recent swing high, making it a pivotal level. A strong close above it would bolster the bullish outlook. • Volume: There has been an uptick in green volume bars, suggesting increasing buying pressure. However, a drop in volume could signal waning momentum and foreshadow a possible pullback. Wider Market Context The overall crypto market has shown modest strength, which can influence PI’s price direction. Monitoring major cryptocurrencies (like Bitcoin and Ethereum) alongside PI’s volume trends will help confirm whether the bullish sentiment can be sustained. Daily Recommendations 1. Watch for a break above $1.60–$1.68 to potentially trigger a run towards $2.00–$2.10. 2. Monitor volume carefully – high volume typically supports further upside, whereas declining volume might hint at a consolidation or pullback. 3. Keep tabs on MACD crossovers for short-term trend reversals. 4. Look for pullbacks into the $1.28–$1.20 zone if you’re considering re-entries. NOTE: My analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
Long
by DailyPiBySte
PIUSDTThe price of PI/USDT may encounter different levels of support and resistance due to a number of factors important in technical analysis and market dynamics. Here are some reasons why the price levels mentioned, such as 1.58, 1.64 as resistance and 1.41, 1.30 as support, may be relevant: 1. Historical price levels: Resistance at 1.58 & 1.64: These levels may have previously served as resistance, with the price unable to break through further and reversing. This could be due to selling of larger lots, technical indicators showing that momentum is weaker there, or simply because it is seen as an important psychological price level. Support at 1.41 & 1.30: Likewise, these levels could be previous supports, where the price has previously stopped falling and reversed. This may indicate greater demand at these price levels, preventing the price from falling further below these levels. 2. Psychological Price Levels: Market participants often tend to react to certain price levels that are psychologically important, such as round numbers or previous highs and lows. So the levels I mention (1.58, 1.64, 1.41, 1.30) could function as psychological market point levels, where traders expect the price to reverse. 3. Technical indicators: Fibonacci retracement: Fibonacci levels are often used to identify potential support and resistance levels. If the price is within a certain range, the levels mentioned (e.g. 1.58, 1.64, 1.30) could be important retracement levels, which could mean that the price is more likely to bounce or return to higher levels, such as 1.90. Moving averages: If the price is close to major moving averages (such as the 50-day or 200-day MA), these can also act as support or resistance depending on when the price hits the level. 4. Market structure and trend: If the broader market trend is to the upside, price may encounter temporary levels of resistance (such as 1.58, 1.64) but later break through these levels again after a consolidation or pullback. This could lead to an upward move towards $1.90 and possibly even $2, depending on demand and market sentiment. 5. Volume and market activity: Volume can play an important role in validating these levels. If there is more buying pressure at 1.41 or 1.30, the price may bounce there and move higher. On the other hand, if there is little buying volume at 1.58 or 1.64, resistance there could be strong.
by odinsloyaltyproducts
Pi The Hottest Crypto on the Block! Future Price SpeculationPi is a cryptocurrency that has taken the crypto markets by shock. It has been getting slammed by calling it a scam or even a Ponzi scheme. From my research I couldn’t find where this speculation came from, since it doesn’t ask for money, yet it might take some user data to fund the server of the app through its ad feature that could be turned off for two weeks. Speculation of a double digit, triple digit, or even the famous 300k per a pi is unrealistic at this current time or is it? Well, double digit is most likely, but it’s very slim unless I don’t see the full picture. To hit $50-$60 with current supply and not fully diluted supply, would make Pi worth more than Ethereum which is unlikely unless Pi is bigger in Africa and Asia than we expect. Pi is an XLM fork which is a fork of XRP. The max supply of Pi would be closer to XRP, but how it functions is closer to XLM. It uses an XLM protocol of trust and security mining. When you hit mine, it sends it to a node to verify that press and transaction. A lot of transactions on the network also go through the super nodes, yet those are few since Pi is also a centralized coin. How centralized is it? Well, to move your Pi from your mining to your wallet you must perform a KYC. This helps bots, but also it creates an environment where if any criminal activity is found it can ban your wallet. Also, the process to become a super node, the Pi core team has approved you. Trading this coin? At the current price of Pi, I’ve given it a trading range of 0.63399-0.74111. It’s super early, but a mining rate for me of 0.08 with running a node and having 1 person it says I make about 3cents usd every hour. There isn’t a lot of new Pi coming into the market, besides the initial dump. There’s one problem now that could hult upward movement and that’s the US and UK have no exchanges that accept deposits or withdrawals. That’s a lot of Pi that can’t be sold or traded. A US and UK exchange to allow this could bring the price down to a new low of 0.50 or 0.40. At the moment in the US you can buy on HiBT and PionexUS, but can't deposit or withdraw. Final thoughts? -Pi has been slammed for years and now its out and hasn’t rugged, proves this project might be here to stay. -Pi’s value is unknown without further knowledge of how widely used it is in places like Africa and Asia. Social media videos show its thriving and its followers on social media surpass top cryptocurrencies social media follower counts. There hasn’t been a big name backing this project yet. It is posted on Sandford as a sponsor, but that's where the founders went to school. -Price range is 0.63399-0.74111 with 0.5-0.4 could come if US and UK sellers come in. I personally expected it to 0.20 for me with me mining a $0.01 an hour. -There could be a moon rocket due to the amount of Pi that isn’t available to trade and not enough new Pi that is coming in the market. Overall I’m bullish and with my Pi I mine, 3700+, I bought 1000+ more on Pi due to the supply shortage that could happen.
Long
by nathanielx9
Pi Coin. Pi NetworkAs the Open mainnet is just opend, the spikes and sell off is creating a harami bullish candle. And I'm expecting a huge bullish will come in this coming days. But still have a new high resistance need to broke before can go more higher. Expecting on the 28th Feb will have a news because the pioneer last day for KYC. Stay tune for more updates. I also waiting for the 50 days of EMA indicator to complete than the graph data can be more accurate, since this is still new.
Long
by SL-Trades
Is There Hope for $PI Network?The highly anticipated mainnet launch of the Pi Network, a project that had garnered a massive following of over 10 million users, was expected to be a watershed moment for the cryptocurrency market. However, the aftermath of the launch has left traders and investors reeling, as the PI coin witnessed a staggering 99% drop in value within hours of listing. A Case of Overhyped Expectations The Pi Network's mainnet launch was expected to be a game-changer, marking the transition of the PI coin from a testnet-based digital asset to a fully tradable cryptocurrency. With a massive user base and major crypto exchanges like MEXC announcing pre-listing trading, expectations were sky-high. 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. This lack of clarity has led to a situation where the coin's value is largely driven by speculation, rather than any underlying fundamental value. As a result, when the mainnet launch failed to deliver on the hype, the price of the coin plummeted. Technical Analysis From a technical perspective, the PI coin's chart is a picture of despair. The token's price surged past $330 in the aftermath of the mainnet launch, only to nosedive to as low as $0.66, marking a dramatic 99.9% drop. The decline has been relentless, with the token currently trading at $0.6766, down 24.48% in the last 24 hours. The Relative Strength Index (RSI) is at 31.87, indicating that the token is oversold, yet the selling pressure continues to mount. The chart pattern is bearish, with the token breaking out of a falling wedge pattern and failing to show any signs of a reversal. The open interest on the PI token is low, indicating a lack of conviction among traders, and the selling pressure is overwhelming. Gate.IO is the exchange with the most traded tokens, accounting for 29% of all trades, but even this has failed to stem the decline. What Went Wrong? So, what went wrong with the PI coin? The answer lies in a combination of factors, including: 1. Overhyped expectations: The mainnet launch was overhyped, and the market was expecting a moonshot. When this failed to materialize, the price collapsed. 2. Lack of clear use case: The PI coin lacks a clear use case, and the project's whitepaper is vague. This has led to a situation where the coin's value is driven by speculation, rather than any underlying fundamental value. 3. Poor marketing: The project's marketing efforts have been poor, failing to generate significant interest among institutional investors and users. 4. Technical issues: The mainnet launch was plagued by technical issues, including slow transaction processing times and high fees. Conclusion The PI coin crash is a stark reminder of the risks involved in investing in cryptocurrency. The project's lack of clear use case, poor marketing, and technical issues have all contributed to the decline. While the token may experience a dead cat bounce, the long-term outlook remains bearish.
by DEXWireNews
1