Whales’ Voracious Appetite for Pi Network
On-chain data reveals that a major investor, considered a “whale”, has massively increased their position in Pi Network over the past few weeks. This accumulation demonstrates a contrarian positioning, despite the nearly 90% drop in price from its all-time high.
Indeed, this holder has spent thousands of dollars daily to inflate their portfolio, which now contains 373.78 million of tokens, currently valued at more than $132 million. If the price were to return to its record level, these holdings could be worth more than one billion dollars.
Beyond whale accumulation, the general crypto market context also seems to favor a Pi Network rebound. The Altcoin Season Index recently jumped to 78, suggesting that most alternative cryptocurrencies should benefit from bullish momentum in the coming weeks.
Additionally, the upcoming interest rate cuts by the U.S. Federal Reserve could stimulate a renewed appetite for risk, thereby benefiting altcoins like the coin.
Significant Rebound Potential
From a technical perspective, Pi Network’s chart indicates imminent rebound potential. The token has formed a double bottom at $0.3321, with a key resistance at $0.4652. Moreover, a bullish divergence signal has appeared, confirming this positive outlook.
Consequently, it could bounce back and reach this resistance level at $0.4652. That’s a potential 32% increase from the current price.
With massive accumulation by whales and the favorable context of altcoin season,
Network appears well-positioned to experience a significant rebound in the coming weeks. Savvy investors will closely monitor the development of this exciting situation.
How to Buy Pi Coin on Zoomex?
Buy Pi Coin (PI) now on Zoomex at the current price of $0.366 and leverage AI analysis to optimize your entry before a potential rebound to $0.39!
- Registration: Create an account on Zoomex and complete the KYC verification to secure your account.
- Deposit funds: Fund your account with fiat (bank transfer or card) or cryptocurrencies such as USDT or BTC.
- Access the spot market: Search for the PI/USDT pair in Zoomex’s spot market, where PI is actively traded.
- Using the AI tool: Activate Zoomex’s AI tool from your dashboard. Indicate the amount to invest, and the AI will analyze Pi Coin trends, the cup and handle formation, the MFI at 66, and the support at $0.33 to suggest the best buying moments, for example before the breakout of resistance at $0.39.
- Place an order: Choose a market or limit order, follow the AI recommendations, and confirm your purchase of PI.
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