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Pi Network Price Analysis: Has the HTX Listing Rumor Started Pi Network’s Price to Rise to $5?
The price of Pi Network is expected to rise significantly to $5 due to speculation that the HTX exchange would sell Pi Coin shortly, which will increase consumer interest.
Key Takeaways:
- The price of Pi Network is expected to rise to $5 due to speculation that HTX would list PI soon.
- Following a string of many X posts from HTX, each of which had the Pi Network logo, the listing speculations surfaced.
- Given that the four-hour price chart’s RSI flashes oversold, Pi Network is about to undergo a short-term reversal.
The community expects the HTX market to list the token shortly, which might lead to a rise to as high as $5, therefore the price of Pi Network is at a critical juncture. Pi Coin is already traded on other major exchanges, such as Bitget and OKX, and its inclusion on HTX may mark a shift in consumer interest and expansion.
PI is currently trading at $0.61, down 3.42% over the last day. In the meantime, CoinMarketCap data showed that trade volumes had increased by 27% to $68 million.
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Rumors of an HTX listing have the Pi Network price aiming for $5
Lots of people in the Pi Network community are wondering when traders on HTX, a major exchange with daily trading volumes of about $1.7 billion, would be able to use PI. It is possible that this listing will cause the price of Pi Network to surge, starting its ascent to $5.
The rumor gained momentum following multiple X posts by HTX that featured the Pi Network logo in various contexts. The community is guessing that the exchange is hinting at the token’s imminent introduction, which has led to a positive Pi Network price projection, thanks to these posts.
Pi Coin’s price has been recently listed on an exchange, which has a favorable influence on new token prices as traders prepare for an impending upswing. Additionally, other exchanges like Binance and Coinbase may follow the pattern if Pi Network launches on HTX.
Consequently, a price surge to $5 could be imminent, and given that there are currently about 7 billion tokens in circulation, Pi Network could achieve a market valuation of $35 billion. If Pi Coin maintains a 10% monthly growth, it might hit $5 by February 2027, according to a recent post on Coingape.
Midway through May, according to popular analyst Dr. Altcoin, prices will rise due to a number of factors, including possible exchange listings, the 2025 Consensus event, and the conclusion of the ongoing Pi Network unlocks. That PI has begun its march towards $5 is further supported by this.
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Pi Network Technical Analysis in Oversold Circumstances
According to the falling RSI, which has hit new lows and dropped below 30, the price of Pi Network is experiencing strong negative pressure. For as long as the relative strength index (RSI) curve is sloping downward, PI will face obstacles that will delay any substantial turnaround.
On the other hand, RSI readings below 50 have frequently heralded huge price increases for the Pi Network in the past, when investors purchased the dip. So, if the past is any indication, traders can expect an upswing. Once PI breaks through the $0.63 resistance level, another 16% rise to $0.73 will be possible, confirming an upward trend.
All things considered, the price of Pi Network may have begun its ascent to $5 on the back of increasing anticipation that the HTX market may list the token. The relative strength index (RSI) on the four-hour chart of PI might bounce back from the present oversold levels and drive a surge to $0.73 or possibly $1 as traders eagerly await the listing.
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Look more for details: How to Trade Crypto Futures Contracts on BTCC
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BTCC Guide:
- How to Trade Crypto Futures Contracts on BTCC
- BTCC Guide-How to Deposit Crypto on BTCC?
- What is Crypto Futures Trading – Beginner’s Guide
- What is Leverage in Cryptocurrency? How Can I Trade at 100X Leverage?
- BTCC Review 2024: Best Crypto Futures Exchange
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