Pi Network’s PI Defies Market Drop: Can Bulls Push It Higher Next Week?

PI is now one of the few altcoins that is in the green on a weekly basis.

While most other altcoins have also posted weekly losses, there are some exceptions. Aside from high-flyer ZEC and a few more privacy coins, Pi Network’s native token is also up 5% since last Sunday, which is somewhat surprising considering its performance since late February. The question that now arises is whether the country will be able to sustain this movement and even climb higher?

Can PI keep pumping?

Certain analysts believe so. As reported on Friday, a popular Pioneer claimed that PI has made a firm bottom around $0.20 and $0.22, which will help consolidate before another surge occurs. They predicted that the value could rise to $0.29, which would represent a 75% increase from current levels.

We decided to ask some AIs for their views on this issue. ChatGPT outlined the technical aspect and more or less agreed with the above prediction. It indicated that PI has formed a “higher-low pattern on lower futures, indicating the start of a recovery trend if buyers manage to keep support intact at $0.20-$0.21.”

The first resistance, according to OpenAI’s solution, is at $0.25, followed by the psychological barrier at $0.30. The latter closed the PI rally several times in October. However, if it is broken, it could lead to a new leg up to $0.35-$0.38, according to ChatGPT.

However, it admitted that this is a highly speculative scenario for the coming week, especially in the current market conditions. As such, it also put forward a bearish scenario where PI loses momentum and falls below $0.20. The next major support will be at $0.18.

“For now, PI remains one of the few altcoins showing relative strength in a cautious market, with technical data favoring gradual accumulation over aggressive speculation,” ChatGPT concluded.

Fundamentals

Grok and Perplexity focused more on the fundamentals behind Pi Network, such as some of the recent updates introduced by the team. The former noted that these steps highlight the core team’s efforts to strengthen the ecosystem, which should boost investor confidence. This is “something that analysts see as key to sustaining value over the long term.”

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Perplexity believes the most likely scenario for the week ahead is a sideways consolidation between $0.21 and $0.25, but two more volatile options were also mentioned. In the bull scenario, the PI would peak somewhere between $0.30 and $0.35 after a major news update. In the opposite scenario, PI could fall to $0.18 if the broader market decline worsens.