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Can Pi Network Price Hit $100?
The Pi Network price is currently trading at around $0.61, down by over 2%. The recent dip can be attributed to broader market weakness, particularly in response to rising geopolitical tensions worldwide. Despite reaching a low of $0.55 and a high of $0.63, the project’s network continues to grow, with developers actively working on updates.
Despite heavy withdrawals from the OKX exchange recently, the total Pi supply on exchanges has increased by 29 million in the past week, now standing at 346.4 million Pi. Upon examining the charts, a potential double top pattern is forming near a resistance zone, prompting questions about whether Pi will break out or face another rejection.
The MACD indicator displays a slight bullish crossover, while trading volume remains steady. Several traders are now wondering if Pi could rise towards the $1 mark shortly. However, the bigger question is whether it can reach $50 or even $100 as some forecasts suggest.
Source: coinpedia.org
