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Pi jumped by 30% overnight to $0.29, and trading volumes exploded by 1,150% in the past 24 hours, favoring a bullish Pi Coin price prediction.
A prominent supporter of the project, Dr Altcoin, whose X account is followed by over 47,000 users, warned that this could be the result of market manipulation and not the result of increasing buying interest from market participants.
Caution!
It looks like a case of market manipulation. large volumes are being transferred from https://t.co/5y3pFHGSyV, Banxa, OKX, and PTC accounts, but I don’t see any significant buying activity from real investors.
Compare the % increase with other major cryptos.… pic.twitter.com/DvF8i5lNJJ
Dr Altcoin emphasizes concentrated trading volumes within a handful of centralized exchanges (CEXs), which increases the odds of market manipulation. Nonetheless, until otherwise proven, this could be an early signal of an upcoming rally.
Recently, Pi streamlined its migration process so miners can complete the required KYC proceeding to transfer their assets to the public mainnet.
Other than that, the project has not made any relevant announcements that could have triggered today’s strong rally.
The 4-hour chart shows an increase in selling pressure once Pi hit $0.29. A short-squeeze could explain today’s uptick, as Pi Coin reversed a long-dated downtrend that started on October 13.
In addition, the token pushed through the 200-period exponential moving average (EMA). This technical indicator could now act as support if buying interest accelerates. However, if this jump is the result of market manipulation, we could expect a much deeper correction in the near term.
In contrast, if PI surpasses the $0.30 mark, the rally could extend to $0.38, meaning a 54% upside potential for the token.
Although a push to $0.50 seems unlikely at the time, the odds of such a move could rise depending on whether the rally turns out to be the result of some positive project-specific news.
While the force driving Pi Coin’s rally is unclear, what’s attracting investors to SUBBD ($SUBBD) is not. This crypto presale has raised more than $1 million in a heartbeat to create a better home for creators by allowing them to monetize AI-generated content.
SUBBD ($SUBBD) is a Web3-powered creator platform that brings AI tools, crypto payments, and fan engagement together in one place.
Instead of juggling multiple apps to create, edit, and publish content, creators can now do everything inside a single AI-powered platform.
The project blends this technology with a utility token like $SUBBD to introduce tokenized rewards and facilitate decentralized governance. U
Users can get subscription discounts and early access to new features, while creators will get a say on the platform’s roadmap and content moderation policies.
At its discounted presale price, this token could deliver sizable gains once the platform is officially launched.
To buy $SUBBD before its next price increase, visit the official SUBBD website and connect your wallet (e.g. Best Wallet).
Either swap USDT or ETH to get your first tokens or use a bank card instead.
Buy $SUBBD Here
The post Pi Coin Price Prediction: PI Price Pumps 30% Overnight, Is a Push to $0.5 Coming This Week? appeared first on Cryptonews.
Read More
Pi jumped by 30% overnight to $0.29, and trading volumes exploded by 1,150% in the past 24 hours, favoring a bullish Pi Coin price prediction.
A prominent supporter of the project, Dr Altcoin, whose X account is followed by over 47,000 users, warned that this could be the result of market manipulation and not the result of increasing buying interest from market participants.
Caution!
It looks like a case of market manipulation. large volumes are being transferred from https://t.co/5y3pFHGSyV, Banxa, OKX, and PTC accounts, but I don’t see any significant buying activity from real investors.
Compare the % increase with other major cryptos.… pic.twitter.com/DvF8i5lNJJ
Dr Altcoin emphasizes concentrated trading volumes within a handful of centralized exchanges (CEXs), which increases the odds of market manipulation. Nonetheless, until otherwise proven, this could be an early signal of an upcoming rally.
Recently, Pi streamlined its migration process so miners can complete the required KYC proceeding to transfer their assets to the public mainnet.
Other than that, the project has not made any relevant announcements that could have triggered today’s strong rally.
The 4-hour chart shows an increase in selling pressure once Pi hit $0.29. A short-squeeze could explain today’s uptick, as Pi Coin reversed a long-dated downtrend that started on October 13.
In addition, the token pushed through the 200-period exponential moving average (EMA). This technical indicator could now act as support if buying interest accelerates. However, if this jump is the result of market manipulation, we could expect a much deeper correction in the near term.
In contrast, if PI surpasses the $0.30 mark, the rally could extend to $0.38, meaning a 54% upside potential for the token.
Although a push to $0.50 seems unlikely at the time, the odds of such a move could rise depending on whether the rally turns out to be the result of some positive project-specific news.
While the force driving Pi Coin’s rally is unclear, what’s attracting investors to SUBBD ($SUBBD) is not. This crypto presale has raised more than $1 million in a heartbeat to create a better home for creators by allowing them to monetize AI-generated content.
SUBBD ($SUBBD) is a Web3-powered creator platform that brings AI tools, crypto payments, and fan engagement together in one place.
Instead of juggling multiple apps to create, edit, and publish content, creators can now do everything inside a single AI-powered platform.
The project blends this technology with a utility token like $SUBBD to introduce tokenized rewards and facilitate decentralized governance. U
Users can get subscription discounts and early access to new features, while creators will get a say on the platform’s roadmap and content moderation policies.
At its discounted presale price, this token could deliver sizable gains once the platform is officially launched.
To buy $SUBBD before its next price increase, visit the official SUBBD website and connect your wallet (e.g. Best Wallet).
Either swap USDT or ETH to get your first tokens or use a bank card instead.
Buy $SUBBD Here
The post Pi Coin Price Prediction: PI Price Pumps 30% Overnight, Is a Push to $0.5 Coming This Week? appeared first on Cryptonews.
Read More