CoinDCX! Pi Network price prediction: Will PI price Hit$100 in 2024?

Pi Network Price Prediction: A Detailed Outlook on Pi’s Bullish Trajectory in 2024 and Beyond

Pi Network, once a relatively unknown cryptocurrency project, is now rapidly gaining traction in the digital currency ecosystem. The latest market movements show strong bullish momentum for Pi coin, signaling a potential breakout if the price surpasses key resistance levels. With an impressive rise in trading volumes and market sentiment, Pi Network seems poised for an exciting phase of growth.

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Current Market Status: Bullish Sentiment and Steady Gains

Pi Network has been gaining significant strength recently, with its price surging by more than 8% over the past week. Despite a slight pullback of over 10% in the last 24 hours, the overall trend remains positive. The market capitalization is currently pegged at approximately $4.64 billion, with trading volume increasing by 18%. This surge in volume, coupled with heightened volatility, indicates that Pi Network is entering a crucial phase where further price movements are highly anticipated.

Investor sentiment is also experiencing a shift, with bullish sentiments reaching 94%, and the Fear and Greed Index standing at 87%. This shift from neutral to greedy market conditions highlights the growing confidence of traders and investors in the future potential of Pi Network.

Technical Analysis: Pi Coin’s Upward Momentum and the Path Ahead

Since October, Pi coin has been consistently following an upward trajectory, maintaining bullish momentum despite frequent challenges from bearish market forces. The technical indicators suggest that the Pi price is on the brink of reaching new highs, with the potential to surpass the critical resistance level of $114. However, some minor pullbacks to the $55 to $57 range could occur in the near term before any significant breakout.

The Relative Strength Index (RSI) is currently trending upward, reflecting a growing buying interest in Pi Network. This suggests that Pi coin is well-positioned to break through key resistance levels and achieve a three-digit value, potentially triggering a stronger upward trend. As a result, Pi Network enthusiasts and investors can look forward to new highs in the coming weeks.

Pi Price Prediction: A Bullish Phase Leading into 2025

Looking ahead, the price of Pi Network is expected to continue its bullish phase through the end of 2024, with a likely range between $85 and $88 by the middle of November. The market's positive sentiment, coupled with the increased trading volumes, suggests that Pi Network could close out the year with strong performance and renewed investor confidence.

As we transition into December, volatility will likely remain high, attracting significant liquidity to the platform. The increasing buying pressure towards the end of the month could lead to a healthy price rise, with predictions placing Pi Network's price between $115 and $118 by December 31. This would set the stage for a potential all-time high (ATH) in 2025.

Long-Term Outlook: Pi Network in 2025 and Beyond

As Pi Network enters 2025, the market is expected to witness even more bullish behavior. The first quarter is likely to see the bulls dominate, possibly pushing the price to an impressive $480 or even $500 by mid-year. However, as the year progresses, market conditions could shift, with the price potentially experiencing a retracement as the bears regain some control. By the end of 2025, Pi Network’s price may settle between $500 and $520, indicating a transition toward a more balanced market.

Price Prediction for 2026: Potential for a Downward Correction

After the anticipated price rise in 2025, 2026 may witness a period of market correction. The trend observed in 2025 may carry over into the next year, with Pi Network facing significant selling pressure that could drive the price down to the range of $370 to $410. While this downward trajectory could persist throughout the year, there is potential for a turnaround if the bullish sentiment re-emerges in the latter part of 2026. By year’s end, Pi price could fluctuate between $400 and $430, indicating a continued struggle between bulls and bears.

2027 Outlook: Stability Amidst Bearish Conditions

In 2027, Pi Network may experience a period of stability following the challenges of the previous two years. The market conditions are expected to be less volatile, offering a respite from the bearish trends of earlier years. However, there could still be some downward pressure, although it is likely to diminish as the year progresses. The later months of 2027 could see signs of recovery, with Pi price rising above $500 and stabilizing between $520 and $550 by the year’s end.

Pi Network in 2028: A New Era of Growth and Recovery

After several years of challenging market conditions, 2028 could mark the beginning of a recovery phase for Pi Network. Despite attempts by the bears to pull the price lower, strong bullish factors may emerge, pushing the price upward. By the end of 2028, Pi Network’s price is expected to stabilize between $610 and $650, with clear signs of a renewed upward trend.

Pi Network in 2029: Resilience and Strength in the Market

As Pi Network moves into 2029, the cryptocurrency market may begin to strengthen, with the impact of downward forces diminishing. Bullish factors will likely persist, bolstered by increased buying volume. The latter months of 2029 could see Pi Network pushing for new highs, with the price fluctuating between $750 and $820, signaling resilience and confidence in the market.

2030 and Beyond: Pi Network’s Long-Term Potential

Looking further ahead, Pi Network could embark on a lasting upward trend in 2030, breaking the $800 mark and potentially reaching new all-time highs between $1,050 and $1,150. This price surge could be short-lived, followed by an extended consolidation period. The price could face a correction, dipping to the $890 to $920 range by the end of the year as the market adjusts.

Conclusion: Is Pi Network Set for Continued Growth?

Despite a period of extended bearish pressure, Pi Network has displayed significant strength in recent months, positioning itself for a potential bullish phase through the remainder of 2024. The price is expected to maintain an ascending trend throughout the rest of the year, with exciting prospects on the horizon for both short-term and long-term investors.

While the Mainnet for Pi Network has yet to be launched, it’s important for investors to stay informed and approach the market with caution. Prices displayed on some exchanges may reflect IOUs, and transferability across platforms remains limited. Therefore, conducting thorough research and staying updated on Pi Network’s developments is essential for making informed investment decisions.

Pi Network's future looks promising, with growth expected to continue, supported by bullish market conditions, increased liquidity, and the project’s evolving role in the broader cryptocurrency ecosystem.

Source: CoinDCX

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Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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