The PI price is back under the radar of the crypto community with its impressive price action over the last 24 hours. With a retest to $0.65, this altcoin has intensified the optimism among its investors and promoters. Additionally, with the PI2Day Fest moments away, many analysts are predicting PI crypto to reclaim the prolonged $1 mark.
Are you one of many trying to figure out the same? Through this article, we will uncover the whale activity, market sentiments, and impact of PI2Day on Pi price prediction this week.
6th Largest PI Whale Makes Major Moves!
One of the largest PI whales, GASW…ODM, has made major transactions over the past 5 days, highlighting increased whale activity in the market. In the last 24 hours, they withdrew 3.7 million PI tokens from the OKX exchange.
Notably, it has successfully executed 5 major transactions each exceeding $100,000. With this, this whale is the 6th largest holder of PI token with a total holding worth of approximately $195 million.
PI Price Jumps 20% Today!
The PI crypto price has successfully retested the $0.65 mark today with a 130% surge in its daily trading volumes. With this, it is currently listed at $0.6497, highlighting a 21% jump. The PI token now has a market dominance of 0.1472% with a market capitalization of $4.95 billion.
The Bollinger Bands (BB) are used to measure volatility and identify potential overbought or oversold conditions. Moreover, the widening of bands indicates increased volatility, while narrowing signals consolidation. Notably, the price has broken above the mid-band, suggesting increasing bullish momentum for the altcoin in the market.
The Bear Bull Power (BBP) has moved from a negative trend to a slightly positive trend and is valued at 0.0504, suggesting a shift in momentum toward buyers. Further, sustained positive BBP values may suggest that bulls are gaining control and gearing up for a potential rally in the upcoming time.
How PI2Day Event Brings Positive Sentiments
June 28 is Pi2Day and one of the most significant dates in the Pi Network community, with significant updates frequently coming at that time by the Core Team. During previous years, on Pi2Day and Pi Day (March 14), new options were presented including the upgraded version of Pi Browser, new dApps, and the enhancement of KYC.
Additionally, the debut year for the Pi Network should be great as it is expected that the second wave of KYC rollout will occur. It could allow millions of users to access the system, who are facing KYC issues at the moment.
Moreover, developers expect new dApps and new tools in the ecosystem along with a potentially upcoming AI integration, which is indicated by the presence of Mexico-based co-founder Nicolas Kokkalis, in person in Consensus 2025. PiFest 2025 early this year encouraged real-life adoption and linked the users to merchants accepting Pi Coin.
A positive Pi2Day could get users to increase their usage, usefulness and possibly even inspire exchange listing rumors. Nevertheless, there are no significant upgrades, which may cool the spirits and market trust of the Pi people.
What Can We Expect From Pi Price This Week?
A sustained bullish action could result in the PI price retesting its immediate resistance level of $0.8510. Maintaining its positive action may push the price toward its target value of $1 or $1.1750 within this week.
However, with a bearish pullback, the PI coin price could retest its crucial support trend level of $0.5115 in the upcoming time.
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