In the vast world of cryptocurrency, Pi coin continues to garner attention due to its unique mining model. A renewed interest in the coin can spark the most interest in the month it occurs. At press time, the altcoin is trading at $0.3571 (0.32%). The coin has a volume of $23.99 million and a market cap of $2.89 billion.
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Even though the coin is not officially in the open markets, its value in informal trading circles is stable. The chart below is provided by Trading View, which shows the coin experiencing resistance (yellow) at $0.3616, which can boost to $0.3700. It also indicates that the coin’s support line (blue) is at $0.3535, which may drop to $0.3400 if it goes further down.
The Moving Average indicator shows a bullish trend since the MA Line is below the candlesticks. We can also see that the Moving Average Convergence Divergence indicator shows a bearish momentum since the Signal line (orange) is above the MACD line (Blue).
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According to the data provided by CoinCodex, September has an average price of $0.283603 and a potential ROI of 0.26% and a sort potential ROI of 29.98%. This means a negative market outlook for the coin. The short buyers shall get a return of 29.98%.
In December, it shows an average price of $ 0.26624, with a maximum price of $ 0.272264. In that month, traders might get a profit of 23.78% if the coin follows the prediction. The data given by CoinCodex shows that September is the most profitable month for Pi.
According to the data given by CoinMarketCap, the community sentiment denotes 88% of traders believe in a bullish momentum for the altcoin. The rest 12% doubt a bearish momentum.
Until the coin’s transactions are officially in the open markets, analysts are split on deciding on the coin. The coin’s future largely depends on adoption rates and success rates in the closed mainnet.
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