🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Pi Coin(PI) price prediction: If the RSI signal is confirmed and the volume recovers, then in the short term, it looks at $0.52
Although the altcoin season has begun, Pi Coin (PI) continues to underperform the market, and speculation about whether it is "dead" is intensifying. The technical indicators show a divergence signal: on one hand, the RSI shows slight rebound signs, while on the other hand, whales continue to transfer tokens to exchanges, indicating increased selling pressure. The market's focus has gathered on two key points: Will PI soon big dump to $0.26? Or is there hope for a rebound to $0.52?
Pi Coin price has plunged into a slump, technical indicators show divergence The current price of Pi Coin is only 9% away from its historical low of $0.40, raising concerns among investors. From the 4-hour chart, the price trend shows a divergence with the RSI technical indicator, indicating that bottom buying may be quietly accumulating.
However, over the past three weeks, the Pi price has remained sluggish against the backdrop of an overall market uptrend, indicating that funds prefer other high-momentum coins, which has intensified concerns in the market about its "loss of favor."
Triangle breakout or pointing to $0.26, CoinGape issues a warning According to CoinGape analysis, the Pi price has fallen below the descending triangle structure, technically indicating a 40% downside potential, with a theoretical target price pointing to $0.26. The reason is:
Whale transfers 1.5 million PI in 24 hours, releasing a strong bearish signal Piscan data shows that in the past 24 hours, all of the top ten Pi transactions were transfers to exchanges, with a total volume of 1.5 million coins. These transfers mainly flowed to CEX platforms, indicating that large holders are reducing their positions and lowering their exposure.
Whale behavior is often seen as an important barometer for market direction—when these key addresses no longer choose to "buy the dip," it indicates their lack of confidence in the current price and may also suggest that they expect further falls in the market.
Conclusion Currently, Pi Coin is under dual pressure from technical indicators and fundamental confidence. If whales continue to sell pressure and the market does not see a capital inflow, a fall below $0.40 may become a high probability event in the short term. Once it breaks below, $0.26 may become a key support level. Conversely, if the RSI signal is confirmed and trading volume improves, the short-term rebound target may look towards $0.52. For investors, it's essential to closely follow whale movements and Bollinger Band changes to assess the next trend.