Pi Network price may surge as whale holdings reach 375M tokens as key bullish chart patterns and network improvements boost growth potential.
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Pi Network’s price has recently shown signs of a possible upward movement. A bullish chart pattern has formed, and whale activity is increasing.
These factors suggest that Pi Coin could see a price surge soon. As whale holdings approach 375 million tokens, market participants are closely watching for a potential rally.
Bullish Chart Patterns Point to Potential Price Movement
Pi Coin’s price chart is showing some promising signs.
The most notable pattern is the inverse head-and-shoulders pattern. This pattern is often considered a bullish signal when it completes. The formation is almost complete, with the price currently testing the right shoulder.
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In addition to the inverse head-and-shoulders pattern, Pi Coin is attempting to move above the 50-day Exponential Moving Average (EMA). This level has acted as resistance for months. A successful breakout above this key level could set the stage for further price increases.
Another pattern forming is a falling wedge, which suggests that Pi Coin may soon see an upward breakout. The price has already broken above the upper boundary of this wedge. This is another sign that Pi Coin could be preparing for a rally in the near future.
Whale Activity Suggests Confidence in Pi Coin’s Future
A major factor in Pi Coin’s potential price increase is the activity of its largest whale holder. This whale has resumed buying Pi Coin after a long pause. Recently, they purchased over 1.23 million tokens in a single day, increasing their total holdings to 374.5 million tokens.
This whale’s actions indicate a strong belief in Pi Coin’s future potential. Their growing position suggests they expect the price to rise. The whale’s continued accumulation also highlights confidence in the network’s long-term growth.
The actions of such a large holder often have a significant impact on the market. As this whale continues to increase its holdings, other investors may follow suit. This could create additional buying pressure, further supporting the possibility of a price surge.
Network Improvements Could Drive Long-Term Growth
Pi Network developers are making significant strides in improving the platform. Recently, the team implemented artificial intelligence to speed up the KYC process. This move has helped verify millions of users, which could boost demand for Pi Coin.
Additionally, Pi Network has applied for ISO certification. If granted, this certification could open doors for major exchange listings. This would greatly increase Pi Coin’s visibility and accessibility, attracting more investors.
Furthermore, Pi Network has started investing in innovative technologies. Its $100 million venture fund recently invested in OpenMind, a company focused on AI and robotics. This kind of investment shows that Pi Network is positioning itself as a forward-thinking platform.
