- Pi Coin shows resilience above $0.60 despite unlocks; whale bought 48M PI worth $31M, boosting market confidence.
- RSI and MACD have turned bullish; analysts cite strong volume and base formation as signs of short term price momentum.
- Experts caution lack of mainnet and major listings limits growth; fundamentals and utility remain key for long term value.
Pi Coin recently dropped below $1, leading to fresh debate about its long term movement. Despite price concerns, several analysts have remained optimistic. According to data from Pi News, a single whale recently acquired over 48 million PI from OKX, worth $31 million.
Notably, this comes during a wave of token unlocking, which some expected would sink the price. However, the asset has held firm above $0.60. This price action has raised new questions about Pi’s resilience and whether it could eventually reach the $100 mark by 2030.
Analysts See Strong Support Around $0.60
Analyst PiMigrate stated that Pi Coin has had strong support at $0.60. He believes the journey to price surge is still early but achievable. According to him, the addition of utilities could help push the token toward this price level.
Moon Jeff echoed this sentiment, pointing to a bullish price structure and rising volume levels. His chart, which showed a strengthening base, aligned with PiMigrate’s view on price direction.
Crypto expert Xia also weighed in. She noted that Pi surged past $0.63 with strong volume, adding momentum to the asset. She further pointed out that both RSI and MACD indicators have recently turned bullish for Pi Coin. These metrics suggest short term strength despite the unlocking events.
Dr Altcoin Says Price Holding Is Not Accidental
Dr Altcoin expressed confidence in the asset’s future and stated the current stability is not a coincidence. He explained that the Pi Core Team introduced a strategy to absorb the newly unlocked supply.
According to him, this approach helped keep prices above $0.60 even after a massive unlock wave. He added that without this strategy, prices could have dropped below $0.30. He also referenced his influence in the Pi community.
His posts have reportedly reached nearly 40 million people in five months. Despite past delays from the Core Team, he continues to track project developments and believes the project remains active.
Caution Remains Over Unresolved Issues
However, not all commentary has been entirely positive. Analyst Rananjay Singh noted the price still lacks top exchange listings. He stated that although updates appear strong, the absence of an open mainnet limits real utility.
Singh warned that hype may start a rally, but sustained growth depends on continued progress.He believes the coming months will offer critical insight. While some experts project levels like $31.4 or higher, Singh urges focus on fundamentals and upcoming developments.
