Pi Coin Gains Steam as Whales Accumulate – What’s Next?

One prominent voice, PiMigrate, believes Pi Coin could eventually climb to $5, citing strong support around the $0.60 level and the potential for real-world utility to drive demand.

PiMigrate’s optimistic view was echoed by fellow market watcher Moon Jeff, who also sees $5 as a realistic target. Backing their claims, both analysts referenced technical indicators suggesting Pi is forming a solid base, and that its current price structure hints at upward momentum.

Meanwhile, technical analyst Xia noted growing bullish signals, especially after Pi Coin surged past $0.63 with notable trading volume. Indicators like RSI and MACD are trending positive, reinforcing the bullish case.

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Fueling this sentiment is a recent surge in whale activity. In just two days, investors moved around 41 million Pi Coins—worth an estimated $27 million—off exchanges, a shift seen as a sign of long-term holding and reduced selling pressure. A significant portion of that, more than 13 million Pi, was transferred from OKX to private wallets.

Still, not all signals point straight up. Analyst Alpha Crypto highlighted a symmetrical triangle forming on Pi’s higher timeframe chart. According to him, a decisive move back into this structure could open the door for long positions, while a drop below it might present a shorting opportunity. For now, he advises traders to wait for clear confirmation before making moves.

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