Speculations are rife within the Pi Network community regarding a potential future listing on the HTX exchange. This development could drive PI's price towards $5, signaling a pivotal moment in the trajectory of this cryptocurrency.
The rumors of PI being listed on the HTX exchange, one of the largest in the world, seem to be coming true. The Pi Network community expects this announcement to trigger a significant price surge, possibly reaching $5.
Speculations have intensified after HTX has repeatedly posted publications featuring the Pi Network logo. These signals suggest that the exchange is preparing for the imminent arrival of the token on its platform, fueling growing optimism among investors.
The addition of PI on HTX, in addition to major marketplaces like OKX and Bitget where it is already listed, could be a significant turning point in the interest and growth of this cryptocurrency. The traders are already positioning themselves to take advantage of this potential price surge.
Technically, the Pi Network is currently facing strong bearish pressure, as shown by the decreasing RSI which has hit new lows at 30. As long as this indicator continues to trend downwards, PI will struggle to initiate a real short-term recovery.
However, in the past, an oversold RSI has often preceded significant price increases for the Pi Network, with traders taking advantage of the decline to buy. If this pattern repeats itself, investors can expect a bullish turnaround in the coming weeks.
Confirmation of a positive trend will occur if the altcoin manages to break the resistance at $0.63. This breakthrough could trigger a new rally of 16% up to $0.73.
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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