The PI network price has risen by more than 4% in the last 24 hours after the launch of the migration route map. Although token shows some signs of recovery over different indicators, it is too early to confirm an upward trend.
Although technical indicators such as the Ichimoku -Cloud and RSI shut through that the price may recover, it is still confronted with a strong resistance that blocks a clear outbreak. Moreover, many in the PI community are frustrated that the new migration route card is not clear enough, which adds a new layer of uncertainty about where the price is going.
Users have a lack of lack of details
Pi Network has been released Migration roadmapBut it lacks specific dates and clear details, so that users are frustrated. The route map outlines three phases, but no timelines are given, which causes uncertainty. Some users saw discrepancies in their coin balances without resolving them.
Moreover, the claim that all tokens at Genesis were made to debate, which expressed concern about the transparency of the project. With 108.9 million tokens with this month, users are not sure how the migration will unfold. These problems are trust in the PI network weakened.
Pi -Network is still confronted with resistance
It acts just below the Ichimoku cloud, a key resistance area that indicates that buyers try to push the price up. Although the price has made somewhat higher lows and indicated on a possible recovery, it still has not broken the resistance.
Moreover, the market is still not strong Bullish, which shows that the momentum is weaker in the short term than the trend in the medium term, which is why it is not a clear signal to buy. Traders are careful and wait for stronger signs before they make large movements.
The Ichimoku cloud is also getting thicker and bracket, which suggests that larger price fluctuations might be imminent. If Pi breaks above the cloud, this can indicate a strong upward trend. Until this happens, however, PI remains probably in a vulnerable position with a risk of rejection.
The RSI of Pi Network has been reflected back to 53.77 from 32.34, signaling repair. After a peak at 57.25, however, it cooled down somewhat and weakens Bullish Momentum. The RSI is on neutral bullish territory and shows moderate strength but still far from overbought levels. If the impulse builds up, there is potential for growth, but caution is still necessary because the trend is not yet solid.
Main resistance levels
Pi Network (PI) tests the key resistance at $ 0.66. A breakout can push the price to $ 0.789 and $ 0.858, possibly with a bullish momentum. A successful outbreak can possibly push PI to $ 1.23 or $ 1.79. However, frustrations about the unclear migration route map add uncertainty. If PI cannot break $ 0.66, this can fall to $ 0.54 or $ 0.40.
The following few sessions are crucial for determining the direction of the token, strongly influenced by both technical signals and community sensing, pending a clear outbreak or drop.
Focus on Consensus 2025 Next
With the consensus 2025 quickly approaching, excitement is built in the PI network community. Analyst Dr. Altcoin notes that this event is an important chance of promoting the PI network, especially since the PI founder Nicolas Kokkalal will share the stage with personalities such as Bo Hines and Eric Trump.
Spelwisselaar for Pi Coin?
Dr. Altcoin believes that Consensus 2025 could be a game changer for PI network, only if the PI Core team acts quickly. He urges them to approve all KYB requests and to officially launch Dapp’s in the PI ecosystem before the event to maximize the chance of the global spotlight and to stimulate the credibility and growth of PI.
The PI Core team has less than a month to approve KYB and launch daps before Consensus 2025, because delays have brought some projects to other block chains. PI is currently priced around $ 0.64, but with upcoming developments and potential acceptance by large institutions, some believe that it can reach $ 30, although short -term volatility remains a concern.