What's in store for PI in the second week of December?
Pi Network’s native token has proven in recent months to defy the overall market trend. For example, it actually posted some gains during November when BTC, ETH, XRP, and other larger-cap altcoins dropped by double digits.
In contrast, the overall market started to recover at the start of December, with bitcoin climbing past $94,000 and ETH surging beyond $3,200 at one point. PI, though,and couldn’t produce similar increases. Just the opposite, it’s actually down by 12% in the past week and now sits inches above $0.22. Consequently, we asked ChatGPT about its take on the matter and whether the following week will be more positive for PI.OpenAI’s solution offered some grim perspective for the PI bulls. It noted that the overall trading volumes have declined lately, which, coupled with the asset drop from $0.28 to $0.225 as of now, shows that the trend structure has turned bearish for the short-term, but it “has not broken the macro support.” Despite the ongoing decline, Pi Network’s token remains well above the October all-time low of $0.172. It needs to rebound from the first crucial support at $0.21-$0.22, which would mean that “the broader recovery structure remains intact.” If it breaks below it, though, then it can test the October lows once again. Should it bounce, PI’s first main obstacle is situated at $0.24-$0.25, which seems like a tall task given the overall trend in the past week. In fact, ChatGPT warned that PI is likely to stay below that level as long as there’s no major update coming to shake things up a bit.After categorizing a breakout past $0.25 as the least probable scenario, ChatGPT outlined that a bear case – meaning a drop below $0.20 – is also quite unlikely, unless the overall market structure doesn’t collapse. If the market conditions remain identical, it believes PI will trade sideways in the following week with a lower boundary of $0.22 and an upper one at $0.24.“PI’s weekly decline does not necessarily signal a trend reversal. The token remains structurally stable above $0.21, but momentum has shifted in favor of caution. The next week will be critical — holding support could set the stage for a rebound, while a breakdown risks extending the correction toward $0.20,” concluded the AI platform.Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.BTC Steadies at $90K, Vanguard Joins the Crypto Craze, ETH Fusaka Hard Fork Activated: Your Weekly Recap
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP Ledger Velocity Metric Hits Yearly High, Here's What Comes NextXRP price may see a sustained rebound as transaction velocity on XRPL hits its 2025 peak.
Read more »
Bosa listed week to week with hamstring injury, further depleting banged-up Bills defenseORCHARD PARK, N.Y. (AP) — Bills coach Sean McDermott on Wednesday listed edge rusher Joey Bosa as being week to week because of a hamstring issue that will furt
Read more »
Eagles defensive star week-to-week after procedure on shouldersEagles defensive tackle Jalen Carter had a procedure on his shoulders this week and is week-to-week.
Read more »
What Would Success Look Like for Oklahoma State in Eric Morris' First Season?The Cowboys will be ready to rebound from their 1-11 season when 2026 comes around.
Read more »
Championship Week Upset Alert: ranking the potential upsets of the weekWhich championship game favorites are most likely to take an upset-- and why?
Read more »
NFC Playoff Picture: Lions win pushes back how early Seahawks can clinch playoff spotWeek 15 is no longer a possible playoff-clinching week for the Seahawks.
Read more »