In a particularly challenging crypto market, the Pi Network is gaining attention due to its positive technical indicators and robust backing from influential investors. With signs of an imminent recovery, many view Pi as an appealing investment opportunity.
Recent on-chain data highlights the activities of a significant investor—referred to as a “whale”—who has substantially increased their holdings in Pi Network over the past few weeks. This accumulation is notable given that the cryptocurrency has experienced an approximate 90% decline from its peak price. The whale has reportedly been investing thousands of dollars daily, resulting in a portfolio that now includes 373.78 million tokens, valued at over $132 million. Should the token’s price return to its previous all-time high, these holdings could potentially exceed one billion dollars.
Additionally, the broader context of the cryptocurrency market appears conducive to a potential rebound for Pi Network. The Altcoin Season Index has recently jumped to 78, indicating that many alternative cryptocurrencies may benefit from bullish momentum in the upcoming weeks. Furthermore, anticipated interest rate cuts by the U.S. Federal Reserve could spur a renewed appetite for risk, which would likely favor altcoins like Pi.
From a technical analysis standpoint, the chart for Pi Network indicates a promising outlook. The token has formed a double bottom at a price of $0.3321, with a key resistance level identified at $0.4652. A bullish divergence signal has emerged, reinforcing these positive expectations. If these trends continue, Pi may see a rebound reaching the resistance level, representing a potential 32% increase from its current price.
Whale accumulation, coupled with favorable market conditions during this altcoin season, suggests that Pi Network is well-positioned for a significant recovery over the coming weeks. Savvy investors are keeping a close watch on developments in this emerging situation.
For those looking to get involved, acquiring Pi Coin (PI) on the Zoomex platform is recommended. At the current price of $0.366, investors can utilize AI analysis to optimize their entry point before a possible rise to $0.39.
To buy Pi Coin on Zoomex, users must first create an account and complete KYC verification. After funding the account—either through fiat transfers or cryptocurrencies like USDT or BTC—they can access the spot market and search for the PI/USDT trading pair. By activating Zoomex’s AI tool, users can enter their investment amount, allowing the AI to analyze Pi Coin’s trends, such as identifying a cup and handle formation and assessing support levels. Based on these factors, potential buying moments will be suggested, particularly ahead of resistance breakouts.
As the Pi Network showcases promising signs of recovery, investors are encouraged to take note of the shifting dynamics and consider their strategies accordingly.
