Will PI Rebound Next Week? ChatGPT’s Price Predictions
Generally, You need to understand Pi Network’s native token, PI, has been doing pretty well lately. Usually, it gains value when other big cryptocurrencies like Bitcoin and Ethereum are dropping. Obviously, this is a good thing for PI. Currently, PI is sitting at around $0.22, which is still pretty high.
Current Performance
Normally, When the market started to recover in early December, PI did not do as well as expected, it actually dropped by 12% in the past week. Probably, this is because the market is still very unpredictable. Anyway, PI is still above its October all-time low of $0.172, so that’s a good sign.
ChatGPT’s Analysis
Apparently, ChatGPT says PI’s trading volumes have been going down lately, and the short-term trend is not looking good. However, the bigger picture still looks okay, and PI is still above its October all-time low. Basically, ChatGPT is saying that PI needs to rebound from the current support level of $0.21-$0.22 to keep going up. If it doesn’t, PI could go back down to its October lows.
Resistance and Support Levels
Obviously, The first big resistance level for PI is at $0.24-$0.25, but ChatGPT doesn’t think it will reach that level without something big happening. Usually, when the market is like this, PI will just trade sideways for a while. Probably, it will stay between $0.22 and $0.24, unless something big happens in the market.
