Is Pi Network’s Price About to Skyrocket or Crash? Find Out! 🚀😱

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TL;DR

  • Ah, the RSI of PI is flirting with oversold levels, hinting at a possible price explosion! 💥
  • But wait! The surge in tokens on exchanges might just rain on our bullish parade. ☔️

Time for a Pump?

In the grand theater of geopolitics, the latest drama between Israel and Iran has slammed the brakes on our crypto rocket, which was soaring just a few weeks ago. 🎭

The noble token of Pi Network has taken quite the hit, plummeting below $0.40 on June 13, marking its lowest point since early April. But fear not! It has clawed back to around $0.54, still a 14% drop for the week. Talk about a rollercoaster! 🎢

Now, the Relative Strength Index (RSI) of PI is waving a little flag, suggesting a potential revival might be on the horizon. This momentum indicator is like a weather vane for price changes, telling us if our dear cryptocurrency is overbought or oversold. 🌪️

With a scale from 0 to 100, anything around 30 or below screams “oversold!”—a sign that a rally could be brewing. But if it climbs above 70, we might be in for a bearish surprise. Currently, PI’s RSI is hanging around 32. Not too shabby! 📉

Meanwhile, the crypto world is buzzing with optimistic predictions. One user, MOON JEFF, boldly declared that selling PI at its current price might just mean you’re selling the floor. How generous of him! 😂

The Bearish Scenario

On the flip side, the growing number of PI tokens held on exchanges suggests that our bullish friends might be in for a rough ride. Over 346 million tokens are now lounging on trading platforms—about 82 million more than just a month ago. Talk about a party! 🎉

This trend indicates that many holders are moving their assets to centralized platforms, a classic pre-sale maneuver. MOON JEFF, ever the observer, noted the rising supply on exchanges, quipping:

The only consistent thing about $PI is the increasing number of coins in exchanges. The number now stands at 347.6 million $PI. The number has been increasing every day.

Hold your $PI coins! #PiNetwork

— MOON JEFF (@CRYPTOAD00) June 17, 2025

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2025-06-18 14:35