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Pi Coin Price Forecast: On-Chain Metrics Indicate Unusual Surge in Trading Activity – Are Whales Covertly Acquiring?
Pi Coin (PI) is demonstrating signs of atypical strength, and this time, it’s not fueled by social media hype.
Despite a decline in social dominance, the price has risen for seven consecutive days, with trading volume surging to $8 million on Monday, marking the highest level in almost three weeks.
This type of divergence is uncommon for Pi, which usually fluctuates in tandem with social activity.
Experts speculate that larger investors might be positioning themselves early, possibly in anticipation of a bullish Pi Coin price forecast.
For a token frequently scrutinized for its lack of adoption, this shift in behavior could indicate that something significant is developing.
Pi Network social dominance and volume. Source: Santiment.
Retail engagement remains low, suggesting that whale-driven activity is behind the surge in trading volume, potentially signaling early positioning before broader market participation resumes.
PI Coin Price Forecast: What Insights Do Whales Hold?
This possible whale positioning occurs as Pi Network nears the peak of a potential ascending triangle formation.
The most recent retest of its lower resistance acted as a launchpad, redirecting attention toward a breakout of its upper resistance at $0.215.
PI / USD 1-day chart, ascending triangle pattern. Source: TradingView.
Nonetheless, momentum indicators remain uncertain.
The MACD shows a narrow yet increasing lead over the signal line, indicating that the uptrend is picking up speed. However, the RSI has stalled just after entering neutral territory for the first time since November, implying it may lack the strength necessary for a breakout.
Fully realized, the triangle anticipates a possible 13% increase to $0.24, although this likely depends on increased retail participation.
This reversal paves the way for a more sustained uptick, targeting resistance that has constrained upward movement over the past quarter around $0.2725 – a 30% increase.
PepeNode: A Simpler Method to Accumulate
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Additionally, thanks to a built-in deflationary model, where 70% of all $PEPENODE spent on nodes and rigs is burned, scarcity enhances long-term token value.
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