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**Top Pi Network (PI) Price Predictions This Week**
Pi Network’s native token, PI, has witnessed a slight rebound in the past several hours, with its price climbing above $0.70. Following this short-lived recovery, analysts are now weighing in on their predictions for the coin’s future performance.
While some experts foresee a possible short-term surge, others caution that upcoming token unlocks may trigger another correction.
**Short-Term Bullish Forecasts**
Several market observers have offered optimistic forecasts, with one analyst predicting a 2-2.5x price increase to approximately $2 once “the market volume returns.” Another prominent analyst has set a target of $2.73 by the end of this month, while also projecting a massive resurgence to a new all-time high of $5 should the current low be reached.
**Uncertainty Surrounding Future Price Action**
While some experts are more optimistic about the asset’s short-term prospects, others have sounded a note of caution. One analyst has warned that PI could plummet to $0.60, labeling it “the only support left.” However, they also believe in a massive bounce back to $5 if this level is breached.
**Uncertainty Surrounding Future Price Action**
Notably, the Pi Network’s design stipulates a maximum supply of 100 billion tokens. With less than 6.8 billion tokens currently circulating, it is likely that we will see downward pressure on the price in the coming days as new tokens enter the market.
Source: https://cryptopotato.com/top-pi-network-pi-price-predictions-this-week/
