Pi Network Price Predicted to Reach $5 Amid Whale Activity

Forecasts for Pi Network indicate a potential price increase to $5 from the current $0.63, supported by significant whale activity. Approximately 41 million Pi Coins, valued at around $27 million, were withdrawn from exchanges within 48 hours.

Key Highlights

Analyst PiMigrate states the journey to a $5 valuation "has just begun," noting strong support at the $0.60 level.
Moon Jeff supports this forecast with technical analysis indicating bullish patterns.
Whales transferring coins typically signal intentions to hold rather than sell, potentially leading to upward price pressure.
Some analysts caution that Pi must establish a "symmetrical triangle" pattern on higher timeframes before further upward momentum. Confirmation is needed before opening long positions.
Rumors of potential listings on major exchanges like Binance could enhance visibility and influence prices positively.
Current trading volume decreased by 36%, with Pi Coin down 3% in the last 24 hours.
Price prediction models estimate Pi could reach $2.08 by May 21, 2025, representing a potential increase of 228%.