Is the PI network breakout imminent? The new roadmap increases by 4% in the mixing reaction.
The PI network price has soared more than 4% over the last 24 hours after the release of the migration roadmap. Tokens are showing signs of recovery in multiple indicators, but it’s too early to confirm the rise.
Technical indicators such as Ichimoku Cloud and RSI suggest that the price can be restored, but it still faces a strong resistance that blocks clear evacuation. In addition, many people in the PI community are frustrated that the new migrant roadmap is not clear enough.
The user was scared of the lack of details.
The PI Network has launched Mainnet Migration Roadmap, but the user feels frustrated because of the lack of certain dates and clear details. The roadmap briefly describes the three steps, but the timeline is not provided, causing uncertainty. Some users have found inconsistencies in coin balance and have no way to solve.
In addition, the claim that all tokens were announced in Genesis raised concerns about the transparency of the project. As the 190 million tokens are unlocked this month, the user is not sure how the migration will develop. This problem is to weaken trust in the PI network.
The PI network is still facing resistance.
It is traded just below the Ichimoku Cloud, a major resistance area that signals the buyer is trying to raise the price. It made a slightly higher price and suggested the possibility of recovery, but it still did not stop resistance.
In addition, the market is not strong yet, and short -term exercise is weaker than the mid -term trend, showing that it is not a clear signal to purchase. Merchants are waiting for a stronger sign before they are careful and big.
It also suggests that the Ichimoku Cloud is being thicker and tilted, which can lead to a bigger price change. If the PI is broken over the cloud, you can see a strong rise. But until THAY occurs, PI still remains in a vulnerable position with a risk of rejection.
The RSI of the PI Network popped back from 32.34 to 53.77 to restore the signal. However, after reaching the vertex at 57.25, it was slightly cooled to weaken optimistic propulsion. The RSI is in a neutral disadvantageous territory, which is medium intensity, but is still far from over -level. When momentum is established, there is a possibility of growth, but the trend is not strong yet.
Main resistance level
The PI network (PI) is testing key resistance at $ 0.66. The brake out can push the price to $ 0.789 and $ 0.858, probably optimistic propulsion. Successful brake outs can promote PI at $ 1.23 or $ 1.79. But frustration of unclear migration roadmaps adds uncertainty. If the PI can’t break $ 0.66, it can fall to $ 0.54 or $ 0.40.
The next few sessions are important to determine the direction of the token, greatly influenced by both technical signals and community feelings.
Next, focus on consensus 2025
As consensus 2025 is coming quickly, excitement is being built in the PI network community. Analyst Altcoin pointed out that this event, especially PI founder Nicolas Kokkalis, is a major opportunity to promote a PI network that will share the same personality and stage as BO HINES and Eric Trump.
Pi Coin’s game changer?
Dr. Altcoin believes that consensus 2025 can be a game changer of the PI network only if the PI core team acts quickly. He has approved all KYB applications and officially launched DAPPs in the PI ecosystem before the event to maximize the opportunities of spotlights around the world and promote the reliability and growth of PI.
The PI Core team started KYB and DAPPS less than a month before consensus 2025. The PI is currently priced at about $ 0.64, but I think that short -term volatility is still worrying due to the development and potential adoption of large companies, but it can reach $ 30.