How High Can Pi Network’s (PI) Price Go in December? 2 AIs Speculate With Big Numbers

After a strong efficiency for the reason that October low, what’s subsequent for PI’s first December?

Maybe pushed by a few of the newest updates for the community behind it, the PI token challenged the $0.30 degree on a few events prior to now month. Though it was stopped there, it now stands near $0.26, which really implies that its month-to-month efficiency is sort of promising in comparison with the remainder of the market, as nearly all of its digital asset opponents have posted double-digit losses.

However the query now arises of what’s subsequent, and we determined to get in contact with ChatGPT and Perplexity to examine their views on the matter for PI in December.

Is ChatGPT Bullish?

Regardless of the latest optimistic PI efficiency, wherein the asset gained over 50% since its all-time low on October 10, its total pattern because it noticed the sunshine of day in February this 12 months has been fairly painful, and ChatGPT reminded that traders must also take note of that 90% drop.

Nonetheless, it believes that the latest stabilization above $0.23 is the primary good signal because it means that “sellers might lastly be shedding management.” It famous that the $0.21-$0.23 help is essential for PI and will decide its total efficiency in December.

When it comes to precise value predictions, ChatGPT mentioned the token might attain as much as $0.35 over the following a number of weeks. To take action, it could want alignment throughout a number of components, corresponding to higher total market situations and continued updates to the Pi Community ecosystem, together with the newest enhancements within the Pi App Studio.

In distinction, if the market heads for an additional correction and PI fails to interrupt the $0.27 resistance, then it might fulfill the bear-case situation, which envisions one other drop under $0.20 and presumably difficult the ATL of simply over $0.172.

It really famous that that is the least probably situation as PI will now enter December “in a stronger place than it’s been in months,” earlier than it added:

You might also like:

“The token exhibits stability, bettering construction, and relative power in comparison with the broader market. If the ecosystem continues to broaden — and if macro situations don’t deteriorate — PI might ship one in every of its higher months.”

Does Perplexity Agree?

ChatGPT’s competitor wasn’t as eager for PI. It started its prediction by noting that analysts are “bearish short-term” for December, with “fashions forecasting averages of $0.198 and ranges of $0.194-$0.202, implying potential 20-25% drops from present ranges.”

It mentioned that some technical indicators, such because the RSI going above 65, recommend PI could be overbought and due for a correction. It additionally famous that the general crypto market isn’t out of the woods but, which might set off one other industry-wide correction that may affect Pi Community’s native token as effectively.

In conclusion, Perplexity warned traders to be cautious about PI’s efficiency within the subsequent month. Though there’s an opportunity for “flat-to-modest positive aspects,” it added that “bearish forecasts recommend a cautious year-end round $0.20.”