How high can the price of Pi Network (PI) rise in December? 2 AIs speculate with big numbers

After a solid performance since October’s low, what’s next for PI’s first December?

But now the question arises of what’s next, and we decided to reach out to ChatGPT and Perplexity to get their thoughts on this for PI in December.

Is ChatGPT bullish?

Despite the recent positive PI performance, with the asset gaining more than 50% since its all-time low on October 10, the overall trend since it emerged in February this year has been quite painful, and ChatGPT reminded that investors should also pay attention to that 90% drop.

Nevertheless, the company believes that the recent stabilization above $0.23 is the first good sign, as it indicates that “sellers may finally lose control.” It noted that the support at $0.21-$0.23 is crucial for PI and could determine overall performance in December.

In terms of actual price predictions, ChatGPT said the token could reach as high as $0.35 in the coming weeks. Doing so would require coordination between several factors, such as better overall market conditions and continued updates to the Pi Network ecosystem, including the latest improvements to the Pi App Studio.

On the other hand, if the market heads for another correction and PI fails to break the USD 0.27 resistance, it could meet the bear case scenario, which foresees another decline below USD 0.20 and possibly challenging the ATL of just over USD 0.172.

It even noted that this is the least likely scenario, as PI now enters December “in a stronger position than it has been in months”, before adding:

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“The token is showing stability, an improving structure and relative strength compared to the broader market. If the ecosystem continues to expand – and if macro conditions do not deteriorate – PI could deliver one of its better months.”

Does Bewilderment agree?

ChatGPT’s competitor was not so hopeful for PI. It started its forecast by noting that analysts are “bearish in the near term” for December, with “models predicting averages of $0.198 and ranges of $0.194-$0.202, implying a potential 20-25% decline from current levels.”

It said some technical indicators, such as the RSI crossing above 65, indicate that the PI may be overbought and due for a correction. It also noted that the overall crypto market is not yet out of the woods, which could lead to another industry-wide correction that could also affect Pi Network’s native token.

In conclusion, Perplexity warned investors to be wary of PI’s performance in the month ahead. While there is a chance for “flat to modest gains,” it added that “bearish forecasts point to a cautious end to the year around $0.20.”