Pi Network Frenzy Builds: $5 Prediction As Whales Take Out Millions

Source Newsbtc

Some cryptocurrency experts forecast Pi Network’s price to jump to $5 even as it currently trades at a mere $0.63. This bold forecast comes as whales took out about 41 million Pi Coins from exchanges within a 48-hour window.

Analysts Post Bullish Expectation On Social Media

Cryptocurrency analyst PiMigrate recently tweeted on X that Pi Network’s path to a $5 valuation “has just begun.” The analyst referenced what they called strong support at the $0.60 level, and this base could possibly push the altcoin to the lofty $5 target.

Another crypto expert, Moon Jeff, further backed the forecast with technical chart analysis. He, too, added in his update a bullish chart setup backing the aggressive target of $5.

Whale Activity Stirs Attention As Coins Exit Exchanges

A major report by a Pi community page revealed that big investors, commonly referred to as “whales” in crypto exchanges, transferred about 41 million Pi Coins worth around $27 million off exchanges in two days. Around 13 million coins were moved from OKX exchange to other wallets.

As per market observers, this relocation of coins from exchanges usually reflects investor plans for holding instead of selling in the short term. Reducing exchange supply usually puts upward pressure on prices if demand is firm.

Technical Structure Needs Confirmation Before Next Move

Other analysts presented a more cautious perspective, explaining that Pi Network must re-establish a “symmetrical triangle” pattern on higher timeframe charts before further upward momentum.

They recommended waiting for confirmation before opening long positions, cautioning that if prices move outside this triangle formation, it might present short-selling opportunities rather.

Exchange Listings And Conference Might Improve Visibility

Possible listings on leading cryptocurrency exchanges may push Pi’s price upward. Crypto exchange HTX has apparently stoked rumors with a mysterious social media post, and members of the community are keeping their fingers crossed for a listing on Binance, one of the world’s largest cryptocurrency exchanges.

As of writing, Pi Coin was at $0.63, down 3% in 24 hours with a 36% decline in trading volume to $96.34 million. Despite current bearish sentiment indicators and a Fear & Greed Index reading of 39 (Fear), price prediction models suggest that Pi can reach $2.08 on May 21, 2025 – a potential 228% increase.

Featured image from Money Check, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Solana Price Surges Toward $140 — Here’s The Resistance Level To WatchThe Solana price was one of the few highlights in a generally choppy crypto market over the past week. While most large-cap assets were stuck in a consolidation range in the last seven-day period,
Author  NewsBTC
Yesterday 02: 36
The Solana price was one of the few highlights in a generally choppy crypto market over the past week. While most large-cap assets were stuck in a consolidation range in the last seven-day period,
placeholder
Bitcoin Price Breakout In Progress—Momentum Builds Above ResistanceBitcoin price is slowly moving higher above the $86,500 zone. BTC is gaining pace and might continue higher in the near term. Bitcoin found support at $84,200 and started a recovery wave. The price
Author  NewsBTC
Yesterday 02: 38
Bitcoin price is slowly moving higher above the $86,500 zone. BTC is gaining pace and might continue higher in the near term. Bitcoin found support at $84,200 and started a recovery wave. The price
placeholder
Ethereum Price Loses Steam—But Maintains Bullish Structure Above SupportEthereum price failed to clear the $1,650 and corrected gains. ETH is now consolidating and might attempt to recover above the $1,620 resistance. Ethereum started a fresh bearish reaction from the
Author  NewsBTC
2 hours ago
Ethereum price failed to clear the $1,650 and corrected gains. ETH is now consolidating and might attempt to recover above the $1,620 resistance. Ethereum started a fresh bearish reaction from the
placeholder
Bitcoin Price Continues Higher—Momentum Signals More Room to RunBitcoin price is moving higher above the $87,500 zone. BTC is gaining pace and might continue higher above the $88,800 zone in the near term. Bitcoin found support at $85,000 and started a decent
Author  NewsBTC
2 hours ago
Bitcoin price is moving higher above the $87,500 zone. BTC is gaining pace and might continue higher above the $88,800 zone in the near term. Bitcoin found support at $85,000 and started a decent
placeholder
Australian Dollar appreciates amid rising concerns about Fed’s independenceThe Australian Dollar (AUD) extends its gains against the US Dollar (USD) on Tuesday.
Author  FXStreet
2 hours ago
The Australian Dollar (AUD) extends its gains against the US Dollar (USD) on Tuesday.
goTop
quote