Key Takeaways
- Pi Network coin price prediction gains more attention following the recent price rally of 80% in 7 days.
- Pi Network technical and sentiment analysis all point to a strong bullish rally in May.
- Pi coin could aim for a new all-time high of $5 if the price sustains its bullish price action as bulls dominate the price.
Pi Network coin is beginning to make strong headlines following a breakout above its resistance of $0.78. Its price crashed from its high of $3 to a low of $0.64 as the price of Pi Network coin struggled to show bullish price action in the last few weeks. While the market is gaining a strong bullish rally, Pi Network price prediction for May is gaining strong attention as bulls could push the price towards $5.
In the last seven days, the price of Pi coin has seen tremendous price growth of over 80%, suggesting bullish price dominance. Technical and sentimental indicators around the Pi Network community suggest a change in market trend, as bulls would be looking to sustain this rally towards its all-time high.
Market Sentiment For Pi Network Price Prediction
Source – Pi Network Market Sentiment From Coinmarketcap
Pi Network has started to see some price surges in the last few days, gaining over 50% in 24 hours ahead of its ecosystem announcement on the 14th of May, as the price of Pi Network coins could see some bullish price rally.
Ahead of its ecosystem announcement, on-chain data from coinmarketcap also suggest a change in sentiment as its price rallies with over 88% voting in favour of bullish market growth which has been accompanied with strong price breakout from its key resistance of $0.78 to a high of $1.1 as price could attempt to break above its [previous high of $3.
The price of Pi Network coin is fueled by strong technical and sentimental patterns, which have contributed to such price action. Whales and investors would be looking to buy into Pi coin, the social network token that has captured the hearts of many traders, with strong community sentiment driving its price to new highs.
Technical Analysis – Pi Network Price Prediction Ahead Of $5 Rally
Source – Pi Network Price Analysis From Coinmarketcap
The price of Pi Network coin broke above key resistance of $0.78 with a golden cross on the MACD (Moving Average Convergence Divergence) indicate a clear change in downtrend following its crash from a high of $3 after the launch of Pi coin mainnet and listing on major exchanges as it price gained volume pulling up a surprise rally.
Despite Pi coin rallying to a high of $3 and gaining much attention, it was short-lived. The price crashed towards $0.68, forming strong support around this zone, ranging from $0.6 to $0.78. A breakout on a higher timeframe with strong volume suggests a change in trend for Pi Network.
The current price surge of Pi Network coin is similar to PEPE, the frog-themed token, as it also experienced a breakout with over 100% gain. The price aims for new highs, breaking out from its long bearish downtrend.
Pi Network’s price prediction for May has the potential to rally above $3 if its bullish price action continues, as there are rumours of a possible Binance listing, which would boost its price higher.
Overall, market sentiment and technical indicators for Pi Network’s price prediction for May indicate a bullish rally following its breakout above $1.1, as the price will continue to rise to new highs.
