Pi Coin Gains Steam as Whales Accumulate Whats Next?
One prominent voice, PiMigrate, believes Pi Coin could eventually climb to $5, citing strong support around the $0.60 level and the potential for real-world utility to drive demand.
PiMigrates optimistic view was echoed by fellow market watcher Moon Jeff, who also sees $5 as a realistic target. Backing their claims, both analysts referenced technical indicators suggesting Pi is forming a solid base, and that its current price structure hints at upward momentum.
Meanwhile, technical analyst Xia noted growing bullish signals, especially after Pi Coin surged past $0.63 with notable trading volume. Indicators like RSI and MACD are trending positive, reinforcing the bullish case.
READ MORE:
DOGE Hits $0.1550 Wall, SHIB Whales Accumulate 874B, BlockDAG X1 Miner Tops 1M Users & $215M Presale
Fueling this sentiment is a recent surge in whale activity. In just two days, investors moved around 41 million Pi Coinsworth an estimated $27 millionoff exchanges, a shift seen as a sign of long-term holding and reduced selling pressure. A significant portion of that, more than 13 million Pi, was transferred from OKX to private wallets.
Still, not all signals point straight up. Analyst Alpha Crypto highlighted a symmetrical triangle forming on Pis higher timeframe chart. According to him, a decisive move back into this structure could open the door for long positions, while a drop below it might present a shorting opportunity. For now, he advises traders to wait for clear confirmation before making moves.
The post Pi Coin Gains Steam as Whales Accumulate Whats Next? appeared first on Coindoo.
Read more: https://coindoo.com/pi-coin-gains-steam-as-whales-accumulate-whats-next/
Text source: Coindoo
