What lies forward for the PI token subsequent week, based on Gemini.
It was a painful week for many of the cryptocurrency market, however Pi Community’s native token discovered a option to dig one other (truly a number of) gap.
Within the span of simply 72 hours or so, the asset plummeted to quite a few consecutive all-time lows. The newest anti-record came on January 29 at $0.1589 (CoinGecko knowledge), which implies that PI has misplaced 94.5% of its worth since late February 2025, when it charted an all-time excessive at $2.99.
Given its spectacular demise and most up-to-date correction, we determined to ask Gemini about its tackle the week forward and whether or not there may be any hope left for PI token holders.
What’s Forward for PI?
Earlier than it indulged in answering what the long run holds for PI, the favored AI answer weighed in on the potential causes behind its most up-to-date crash. It famous that it’s a mix of things, not all associated to the general market weak point. For instance, it stated some whales and long-term undertaking supporters have deserted ship after years of failed guarantees and lack of precise growth.
“On-chain knowledge and quantity metrics counsel that the few “whales” (giant holders of the IOU pairs) have stopped defending the worth. Quantity has dried up, leaving solely retail panic-sellers.”
On the precise query in hand, Gemini warned that one other decline to $0.12-$0.14 isn’t solely out of the query. In any case, PI has misplaced all help ranges on its method down, and there are not any precise protection zones left.
The Precise Warning
Gemini was fairly skeptical about PI’s future worth efficiency, at the least within the subsequent week or so. It admitted that after such a profound worth correction, the token is perhaps due for an immediate rebound to someplace round $0.18. Nevertheless, that is prone to be a “useless cat bounce” due to oversold RSI ranges.
A possible leap to these ranges would enable the bears to “aggressively brief” the asset, which is able to result in a right away and violent rejection that may “roll PI over to check $0.14 by the top of the week.”
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“When an asset breaks an ATL, it sometimes drops one other 15-20% earlier than discovering a short lived backside. There’s zero quantity help beneath $0.16.”
Consequently, Gemini warned buyers who’re contemplating shopping for the dip to attend for a number of days for the mud to settle, maybe to seek out help at $0.16, earlier than investing.
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