What’s next for PI if the asset falls towards $0.20.
However, PI managed to defy the overall crash and even rose from around $0.23 to over $0.28 at one point. This stability has faded as the broader market has recovered losses from early in the fourth quarter, and PI is poised to break below $0.20 at the time of writing. That’s why we decided to ask ChatGPT for its thoughts on the matter for the coming week.
New ATL?
The aforementioned PI revival was most likely related to recent updates in the Pi Network ecosystem, including new AI integrations and upgrades to the blockchain itself. Now, however, the asset is struggling to stay above $0.20, which according to ChatGPT analysis is the first major support on the way to the early October ATL of $0.172 (CoinGecko data).
If it falls, the next and final one is at $0.18-$0.19. If it gives in, the path to a new low becomes wide open. Therefore, the AI solution described the current trend as “bearish in the near term” as the overall PI momentum is weakening.
It also warned that volume is declining, indicating ‘seller dominance and weak demand’, before adding:
“When assets approach all-time lows with low liquidity and declining volume, volatility tends to rise sharply.”
The only positive here are the momentum indicators, which show that PI has approached oversold conditions but is “not yet in a clear reversal zone.”
Most likely scenario?
The popular AI platform warned that PI’s worst-case scenario for the coming week would be a drop to $0.16 if the $0.18 support were to fall, essentially marking a new low. The bear case is also supported by the large number of tokens to be unlocked next month, which is more than 180 million (or about 6 million per day).
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The bull scenario, which ChatGPT categorized as the least likely, would be a breakout above $0.21 and a rise towards $0.25. However, the most expected argument for OpenAI’s solution is a more sideways move around $0.18 and $0.21.
“PI is entering a critical phase. The token remains just a few percentage points above its all-time low, and without a quick rebound in demand, a retest of $0.172 looks increasingly likely. Whether bulls can defend this level will determine whether PI stabilizes – or enters a new bearish chapter,” ChatGPT concluded.
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