Pi Network Price Prediction & Analysis: Will Pi Coin Realistically Hit $3 ATH Again?

Pi Network price has fallen to $0.838 today, March 28. The recent decline has pushed Pi Coin down by 50% in just two weeks, with investors who are holding the altcoin registering massive losses. Amid this dip, the Pi Network community remains optimistic that this altcoin can realistically reach the $3 ATH level again.

Pi Network Price Prediction & Analysis

The Pi Network token trades at $0.838 today with a 5% drop in 24 hours. Pi Coin is facing a challenge reversing past $1 in the near term. Moreover, traders booking profits after short-term rallies are derailing this rally. 

The hourly chart shows that Pi Coin broke out from a descending parallel channel. However, it is reversing to test support at the upper trendline. If this support fails, it could cause a resumption of the Pi Network bearish trend. 

The volume histogram bars indicate there was an uptick in buying activity, which saw the RSI make a series of higher lows to 52, suggesting that some traders are buying the dip. 

Additionally, the green AO bars show a bullish divergence. This suggests that Pi Coin price could soon record a reversal, past the psychological level of $1. 

However, despite the positive AO bars and a breakout from a descending channel, can Pi Network price realistically reach the $3 ATH again? 

Can Pi Coin Realistically Hit $3 ATH Again?

Besides the bullish setup on Pi Coin’s hourly chart, other signals show a bullish Pi Network price prediction that it can realistically reach $3 again. 

Pi Coin advocate Dr Altcoin, recently observed that some traders are buying the dip. Per the analyst, one account purchased 3.65 million Pi Network tokens in six different transactions. If more traders buy at the low prices as they anticipate a price recovery, it could precede a major rebound in the price. 

Bullish news could also be the main driver of a Pi Coin rally to the $3 ATH level. The Pi Coin community remains hopeful that top exchanges like Binance will list the altcoin. Moreover, if listed on Coinbase, Pi Coin will gain access to the US crypto market, which will drive high trading volumes and stir a rally to an ATH. 

There is also speculation that a spot Pi Coin ETF could launch soon. Like Solana, XRP, and Cardano, which have all received ETF applications, Pi Coi is also a US-made altcoin. A filing could drive the momentum. 

Considering these possible catalysts, Pi Network price can realistically reach the $3 ATH level again. If it does, Pi Coin will attain an over $30 billion market cap, making it one of the top ten largest cryptos.