China News by Thebittimes.Com

Pi Coin (Pi Network/PI) seems to be going against the current market trend. While most major crypto assets are facing corrections, PI is going the other way around. PI is currently the best-performing cryptocurrency in the daily charts, among the top 100 projects. According to CoinGecko, Pi Coin’s price has registered a 14.7% rally in the last 24 hours, a 30% rally in the weekly charts, and a 23.7% rally in the 14-day charts. However, the popular cryptocurrency is still down by 0.9% over the previous month. Let’s discuss if the asset has entered a bullish phase or if we are witnessing a dead cat bounce. Source: CoinGecko Will Pi Coin’s Price Rally Continue, Or Will It Face a Correction? Source: Watcher Guru Pi Coin’s latest price surge could be due to a host of announcements and updates made by the team. The most significant announcement came from Pi Coin Magazine earlier this week. According to an X post, the popular crypto exchange OKX has successfully passed t...

The Pi Network price has climbed 4% in the last 24 hours to trade at $1.52 as of 3:30 a.m. EST on a 35% plunge in trading volume to $1.5 billion. The leap in the Pi coin price comes as ChatGPT forecasts it can surge to $50 in a bullish scenario. “In the long term, if Pi Network develops a robust ecosystem and manages inflation, it can maintain or go above $50,” it said. ”A bullish scenario ($20-$50+) can occur with superior Binance or Coinbase listings coupled with adoption in real-world settings, driving prices higher.” It added that the most important things to monitor are exchange listings, practical use cases, and circulating supply. Pi Network Price Eyes Breakout As Bullish Momentum Builds The Pi Network (PI/USDT) chart on the 30-minute timeframe currently displays a bullish ascending triangle pattern, a formation that signals a potential breakout to the upside. The gradual tightening of price movement within this triangle indicates that buyers are stea...