Pi Network price dips as demand wanes, but a whale keeps buying. These three factors could spark a price surge soon.
As demand declines and unlocks continue, Pi Network price is still declining today, August 15.
Nonetheless, one unnamed whale investor has kept adding to the token’s holdings, suggesting a potential spike.
These are the top three reasons why the value of Pi cryptocurrency could rise soon.
Amid Whale Buying, Price Of Pi Network May Rise
Purchasing assets when most investors are afraid is a frequent financial advice.
One investor is using this remark to amass Pi Network tokens, indicating that he believes it to be inexpensive.
Additionally, he believes that the persistent fear is entirely unjustified.
According to data, the investor has become the sixth-largest holder after purchasing 350 million Pi coins in the last few months.
He has more than $134 million worth of interests at the current Pi Network price of $0.3830.
Regarding his shopping spree, the whale has remained silent.
But it’s safe to infer that he shares Pi’s ambition of creating a well-known cryptocurrency that would rival Bitcoin in popularity.
With the recently released Pi AI Studio offering, he thinks Pi has the potential to become a significant force in the artificial intelligence market.
Possible Listings On Pi Coin Exchanges
The listing by one or more tier-1 cryptocurrency exchanges is another potential explanation for the Pi Network price spike.
The only tier-1 business listed on Pi is OKX, which is currently only accessible on several exchanges.
Pi tokens are also available for trading on Gate, BitMart, and MEXC.
Interestingly, since its mainnet introduction in February of this year, no new exchange has added it.
Therefore, if leading firms like Upbit and Binance offered the Pi currency, its price would skyrocket.
Despite its popularity, these exchanges have not yet included it for various reasons.
The developers might be worried about its centralization since they have billions of tokens in their wallets.
Pi Network’s refusal to pay the listing fees that many businesses ask for listing cryptocurrencies may be the reason for the lack of listing.
For a token the size of Pi, these fees might be anything from $100,000 to millions.
Furthermore, Pi Network may be a hoax, as one of the leading cryptocurrency exchanges warned in February.
Technical Analysis Of Pi Network Price
A closer examination of the 12-hour chart reveals that it has created the extremely bullish falling wedge pattern.
Two trendlines that intersect and decline make up this pattern.
Typically, a bullish breakthrough occurs when the two lines’ spread is ready to converge.
In the case of Pi Network, convergence has already taken place.
Additionally, the upper side has been retested, demonstrating a break-and-retest pattern that frequently results in a continuation.
The likely scenario is for the Pi Network’s price to make a significant recovery and strike the resistance level at $1. $1 is almost 150% higher than it is now.
If the price of the Pi coin falls below the all-time low of $0.3229, the pessimistic 2025 price prediction will be canceled.
In Brief
In recent months, the value of the Pi Network token has been declining.
As whale piling continues, a falling wedge pattern develops, and the likelihood of an exchange listing increases; this crash may be coming to a close.
