Pi Network (PI) Price Declines: Market Volatility Continues Amidst Growing Impatience For Open Network

  

Price Prediction 

The price of Pi Network (PI) has undergone a significant decline today, adding to the ongoing volatility in the cryptocurrency market. As of the latest data, the price of PI stands at $42.79, marking a decrease of -7.92% over the past 24 hours. With a 24-hour trading volume of $661,648.99, traders and investors are closely monitoring market movements amidst fluctuating price dynamics.

Despite today’s downturn, Pi Network has demonstrated resilience over the past week, witnessing a 7.19% price increase in the seven-day period. This fluctuation highlights the dynamic nature of cryptocurrency markets, where rapid price swings can occur in response to various factors, including market sentiment, trading volumes, and external events.

While Pi Network continues to attract attention and interest from investors, data regarding its market cap remains unavailable today. This is primarily due to the fact that the circulating supply of PI tokens is not reported, adding complexity to the assessment of its overall market performance. 

The decline in Pi Network’s price today reflects broader trends observed across the cryptocurrency landscape, where market participants navigate a landscape characterized by both opportunity and risk. As investors analyze the implications of recent price movements, they are reminded of the importance of conducting thorough research, practicing risk management, and maintaining a long-term perspective in their investment strategies. 

Pi Network Price Prediction March 2024

The Pi Network price has been under bullish influence ever since the markets flipped in the last few weeks of 2023. The rally gained momentum at the beginning of the month, which triggered a 300% run to mark the levels that it traded at in January 2023. The market sentiments appear to have flipped with the recent price action, which may compel the price to remain elevated for a long time ahead. Therefore, by the end of the month, the PI price is believed to trade between $128 and $132.  

Pi Network Price Prediction April 2024

The PI price is believed to have remained highly elevated since the beginning of April, as market sentiment could be in favor of the bulls ahead of Bitcoin halving. As the BTC price gains some strength, the other altcoins are also expected to follow suit and maintain a healthy upswing. PI price is believed to reach the $150 milestone with minimal bearish intervention. Even if the price faces minor bearish action, the bulls could hold the rally above the gains and close the monthly trade between $155 to $160.

Pi Network Price Prediction May 2024

In May, the markets are expected to maintain a sideways trend, with the PI price maintaining an ascending consolidation. The PI price could hold above the lower support at $158 and carry out multiple attempts to surpass the crucial resistance at $160. However, as the trade approaches the last few days of the month, the volatility is expected to increase, which suggests the token could close the trade between $162 and $164. 

Pi Network Price Prediction June 2024

With the Pi Network advancing to the end of the first half of the year, the trade is expected to remain low-key without any major price action. Besides, the bears could be waiting to jump in at the highs or close to the ATH. As a result, the volume may drop, which may also impact the volatility of the token. By the end of the H1 trade, the Pi Network price is believed to range between $172 to $175 after facing a rejection from $180.

Pi Network Price Prediction July 2024

The second half of the year is expected to be bullish, with the markets gaining momentum and advancing towards the peak of the prevailing bull run. The PI price may reach $200 in the first few days of the month, which may further attract fresh liquidity to the platform. This could strengthen the support at $202 as the price may continue to test higher targets. By the end of the month, the Pi Network price is expected to trade between $210 to $218. 

Pi Network Price Prediction August 2024

The month of August has not witnessed any major price action in history. This year it could be a little more diverse as the volatility is expected to kick in which could cause a huge fluctuation in the PI price. With the advancement towards the last week of the month, the bulls are expected to regain dominance and lift the price to $240 to $245. However, with a final bullish push, the price could close the monthly trade at around $250.

Pi Network Price Prediction September 2024

The bulls are expected to experience some exhaustion since the start of the month after exhibiting acute strength due to the previous month’s close. The price may remain largely consolidated but hold strongly above the lower support at around $248 to $250. This could offer a strong base, upon which the price could set up a fine upswing. By the end of the monthly trade, the PI price is believed to trade between $258 to $262.

Pi Network Price Prediction October 2024

As the year winds down, traders may anticipate more active market movement. Yet, after reaching its peak, the price is forecasted to stabilize for a period without significant changes. Both the volatility and trading volume might stay within a limited range, possibly prompting a small sell-off. Ultimately, PI price is expected to conclude the month’s trading within the bracket of $265 to $272.

Pi Network Price Prediction November 2024

In the beginning of the month, PI price might settle within a stable range. The bulls could continue pushing for a rally above $280, catching the attention of those anticipating a $300 price this year. However, the bears might successfully limit the rally below these levels, leading to a period of accumulation for the token. By month-end, it’s expected that Bitcoin will trade between $282 and $285

Pi Network Price Prediction December 2024

The start of the month could witness an upward push from the bulls which could set off the prices above $300. This could attract significant liquidity due to which the buying pressure could mount. A move beyond $330 is expected with minimal bearish action. As the trade heads towards the last week of the trade, the bulls may dominate and revive the bullish trend, closing the yearly trade around $350 to $380.

Pi Network Price Prediction 2025

• The start of the year may witness the bulls gaining huge dominance which could keep up the bullish trend throughout the first quarter. 
• This lasting positive impact could result in a big price rise, maybe a jump beyond $480 or even $500 by the middle of the year.
• After marking new highs around $550 to $620, the trend is expected to flip with the bears gaining some momentum.
• By the end of the year, Pi could be moving between $500 and $520, showing clear signs that the market is turning bearish.

Learn More: Ethereum Price Prediction