#PI走势分析 big dump 22% after the next step?

Pi Network has recently attracted a lot of attention in the world of cryptocurrencies, and for those who are keeping an eye on it, the question arises: is it time to buy Pi? More and more people are assuming that the price will soon change, many experts believe that Pi will soon grow significantly.
However, after a significant price increase, Pi experienced a sharp drop. Currently, the price is around 1.60 US dollars, which is 40% lower than the peak of 2.90 US dollars, and has dropped by more than 22% in the last 24 hours. Despite the significant price drop, there are assumptions about the future, such as the imminent launch of the mainnet, KYC unlocking, and potential listings on BN or Cb exchanges. If Pi can return to 2.20 US dollars, there is a chance of a rise above 2.80 US dollars, but a drop below 1.50 US dollars could lead to further decline.
Whale accumulation: a powerful indicator
Accumulation by whales is a key factor indicating the potential imminent overcoming of the Pi coin price. The latest on-chain data shows that large holders (whales) are quietly accumulating large volumes of Pi coins. When whales buy assets, it usually means they are full of confidence in the future price. Historically, such accumulation precedes price surges, as these investors prepare for future sales at a higher price.
Whale stocks also contribute to the rise in market sentiment. When large investors show confidence in Pi, it can trigger a sense of FOMO (fear of missing out) among retail investors, which will further drive up prices.
The impact of bitcoin on the market
Bitcoin prices usually set the tone for the entire cryptocurrency market. If Bitcoin shows strength, it can also push up altcoins like Pi. As Bitcoin is currently demonstrating a positive sentiment, Pi is likely to follow suit. The combination of Bitcoin's strength and Pi's constantly evolving ecosystem creates ideal conditions for price growth.