Recep Gülcemal 
Pi Coin, one of the most popular cryptocurrencies of recent times, dropped from $3 to $0.50 after the unlocks. What are the latest developments about Pi Coin, which has great expectations after this sales pressure after the unlocking? According to the direction of the cryptocurrency market, $5 levels are first targeted by investors. So what is the latest situation in Pi Coin
Hard Sale in Pi Coin After Lock Expansions!
After 6 years of mining, the long-awaited Pi Coin was listed on the stock exchanges with the listing news. Pi Coin, which rose to $3 after the listing, created a great excitement in the market. Pi Coin, which rose to 11th place in the mcap ranking with its rise to $3, was subjected to hard sales after the incoming unlocks. After the unlocks, the price dropped from $3 to $0.50. Although there was an expectation of a drop to $0.3 by expert analysts, Pi Coin managed to create a support level at $0.50 and held on to it. With the Bitcoin-based rise that started yesterday evening, bullish signals started again in the market. Pi Coin, which is predicted to see $5 levels in terms of price in a possible bullish scenario, has not yet realized a major rise.
Can Pi Coin Rise to $5 Levels?
Pi Coin, which has been under severe selling pressure with the recent lock openings, has taken the support level of $ 0.50. The expectation of a possible rise from these levels was formed by the market. Pi Coin, where support resistance levels have not yet formed much due to being a new listing, has managed to hold on to $ 0.50 levels in the last decline. With the rise from the Bitcoin side, Bitcoin rose to the $ 94,000 level. According to expert analysts, it is foreseen that some cryptocurrencies will rise again if Bitcoin jumps above $ 100,000 and stays there permanently.
With the US perspective on the cryptocurrency market and statements from the FED, it may be possible to see a positive market again. With the US policy against cryptocurrencies, it is said that a new rise may be at the door. However, it does not reflect the fact that a possible rise by BTC will reflect positively on the entire altcoin market. Some major cryptocurrencies have experienced the rise of Bitcoin in the past, but we have not seen a significant rise in altcoins. Pi Coin, one of the most talked about and shared cryptocurrencies according to market conditions, could make a big rise in a possible bullish scenario. Although it is not yet listed on Binance, it has managed to rise to 11 in the market rankings.
Possible Positive Scenarios for Pi Coin
Pi Coin has been on the market for many years and has managed to gain the support of millions of people on both mining and project basis. As such, it is one of the most talked about cryptocurrencies. Although it is not yet listed on Binance, the world’s largest cryptocurrency exchange, we can say that it has achieved a great success in terms of market volume. There are a few factors that are expected to be positive for Pi Coin, if these factors are realized, it will not be very difficult to reach the $5 target shown as the first target.
- Listing on Binance, the world’s largest cryptocurrency exchange.
- The start of the rises in the market, especially in BTC
- A safe and positive atmosphere in the market with the ETF approvals by the FED
- Initiation and implementation of the incineration program by Pi Coin management
such factors are among the factors that will directly affect the Pi Coin price at the moment. With the formation of these conditions in the coming periods, we may see an upward movement again.
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