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PI Coin Outshines Bitcoin Amid Whale Accumulation, $5 Next?
The post PI Coin Outshines Bitcoin Amid Whale Accumulation, $5 Next? appeared on BitcoinEthereumNews.com. Current market data shows PI Coin is gradually becoming the focus of attention in the crypto market. Recent whale accumulation and market behavior suggest a possible shift in investor confidence. While Bitcoin struggles under selling pressure, fresh developments around PI Coin’s movement, user base, and upcoming events raise talks about a potential breakout. PI Coin Outlook, Selloff and Rebound Moves It is worth mentioning that PI Coin has been going through a turbulent run in recent days. CoinMarketCap listed its price at $0.4992 after a 0.51% drop within 24 hours. This resulted from a broader crypto selloff that affected top coins like Bitcoin and Ethereum. Dr. Nicolas Kokkalis, one of the lead figures in the PI Network, confirmed this in a post on X, noting the broader market correction. Notably, the dip saw PI Coin fall below the $0.85 resistance mark, forming a descending triangle pattern. Despite the pressure, some analysts believe the coin may bounce back. Reports pointed out that the current price action shows signs of being oversold. If the price stays above the $0.53 support line, a rebound to $0.95 may follow. PI Coin is trading within a limited range mainly because of its status as an enclosed mainnet. It is still not openly tradable on major exchanges. The Pi Coin and Bitcoin correlation trend is quite interesting because Bitcoin’s price continues to dip. Pi Network team is focused on ecosystem growth, giving it room to decouple from the top coin. With over 50 million users and an increase in utility-driven applications, the network is laying the groundwork for long-term relevance. Current Whale Accumulation Trend and Implications One of the most talked-about movements in the community is the recent whale activity. In a recent post on X, Smartpioneer_Pi shared a wallet address now holding over 300 million…
The post PI Coin Outshines Bitcoin Amid Whale Accumulation, $5 Next? appeared on BitcoinEthereumNews.com.
Current market data shows PI Coin is gradually becoming the focus of attention in the crypto market. Recent whale accumulation and market behavior suggest a possible shift in investor confidence. While Bitcoin struggles under selling pressure, fresh developments around PI Coin’s movement, user base, and upcoming events raise talks about a potential breakout. PI Coin Outlook, Selloff and Rebound Moves It is worth mentioning that PI Coin has been going through a turbulent run in recent days. CoinMarketCap listed its price at $0.4992 after a 0.51% drop within 24 hours. This resulted from a broader crypto selloff that affected top coins like Bitcoin and Ethereum. Dr. Nicolas Kokkalis, one of the lead figures in the PI Network, confirmed this in a post on X, noting the broader market correction. Notably, the dip saw PI Coin fall below the $0.85 resistance mark, forming a descending triangle pattern. Despite the pressure, some analysts believe the coin may bounce back. Reports pointed out that the current price action shows signs of being oversold. If the price stays above the $0.53 support line, a rebound to $0.95 may follow. PI Coin is trading within a limited range mainly because of its status as an enclosed mainnet. It is still not openly tradable on major exchanges. The Pi Coin and Bitcoin correlation trend is quite interesting because Bitcoin’s price continues to dip. Pi Network team is focused on ecosystem growth, giving it room to decouple from the top coin. With over 50 million users and an increase in utility-driven applications, the network is laying the groundwork for long-term relevance. Current Whale Accumulation Trend and Implications One of the most talked-about movements in the community is the recent whale activity. In a recent post on X, Smartpioneer_Pi shared a wallet address now holding over 300 million…
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