{"id":7061,"date":"2025-05-21T16:58:40","date_gmt":"2025-05-21T15:58:40","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=7061"},"modified":"2025-05-21T16:58:41","modified_gmt":"2025-05-21T15:58:41","slug":"pi-network-crypto-whales-push-to-1-dollar","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/pi-network-crypto-whales-push-to-1-dollar\/","title":{"rendered":"Can Crypto Whales Push Pi Network (PI) to the $1 Mark ?"},"content":{"rendered":"\n

Short-Term Technical Dynamics of Pi Network<\/h2>\n\n\n\n

Pi<\/strong>, from the Pi Network<\/strong> project launched in 2019<\/strong> by former Stanford students, continues to make waves in the crypto markets<\/a>. After a week of consolidation marked by a 35.23% decline, its price surged by 11.52%<\/strong> in 24 hours, reaching $0.8153<\/strong> at the time of writing. This bullish move was accompanied by an 11.70% increase in its market capitalization, now standing at $5.89 billion<\/strong>. Meanwhile, the trading<\/a> volume over the same period surged by 77.40% to exceed $308 million<\/strong>.<\/p>\n\n\n

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\"Pi
Source: TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

In terms of technical indicators<\/a>, the upward breach of the 9-day simple moving average ($0.7589) and the bullish crossover of the MACD <\/strong>suggest that the buying pressure<\/strong> is regaining momentum. The RSI <\/strong>at 57.57 indicates that the market is not yet overbought, providing room to continue the rally extension<\/strong>. The immediate resistance <\/strong>at $0.8268 will be the next buying test. A clear breakthrough opens the path towards $0.9222, then the psychological level<\/strong> of $1<\/strong>. Conversely, a drop below $0.7876 could trigger a retreat towards the 9-day moving average and potentially down to the recent low around $0.6756.<\/p>\n\n\n\n

Social Mining and Growing Adoption<\/h2>\n\n\n\n

What sets Pi Network<\/a> apart is its “social mining” mechanism, where users validate the identities of other miners without the need for massive energy consumption. Thanks to this model, over 50 million contributors<\/strong> have joined. Several e-commerce platforms and NGOs are already testing Pi as a payment method, especially in underbanked areas. Concurrently, DApps\u2014marketplaces, financial micro-services, and games\u2014are being developed and are expected to enrich the ecosystem<\/strong> in the coming months.<\/p>\n\n\n\n

PI still needs to convince beyond its community to transition from an “experimental token” to a real exchange currency<\/strong>. Key aspects to watch are the potential centralization of distribution, increasing regulatory pressure<\/strong>, and merchant adoption. In the medium term, oscillating around $0.80\u2013$0.90 is likely until partnerships materialize. Over a 12 to 18 month horizon, if Pi Network transforms its large user base into an operational economy<\/strong>, aiming for $1, or even $1.50, would simply be a matter of time.<\/p>\n\n\n\n

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Buy more cryptos via Bitget !<\/a><\/div>\n<\/div>\n\n\n\n

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