Can Trump’s Strategic Bitcoin Reserve Push Price Beyond $10?
The cryptocurrency market is seeing a lot of activity when the PI network is facing price changes, while the main token unlock activity in March. Although not listed on major exchanges, PI Network has gained a huge following, and with the unlocking campaign coming, the Crypto community is watching closely to see how it will affect the price of the Pi.
The price of Pi struggles with resistance
PI Network recently faces a rejection of $2.01, Propose concerns about potential shortcomings move. If the bearish trend continues, the price of PI may fall at the main support level of around $1.5855. On the other hand, a breakout of resistors above $2.01 could push the price to $2.23.
Technical indicators show that the PI network is at a critical moment, and the next move of the market will depend on whether the PI can surpass resistance or whether the seller will continue to exert pressure.
Administrative orders enhance market sentiment
Meanwhile, recent news has impacted the wider cryptocurrency market. President Donald Trump signed an executive order to build strategic Bitcoin reserves that are expected to boost the entire cryptocurrency market. This development has caused the potential of Bitcoin as a store of value, similar to gold, and may indicate the U.S. government’s shift toward cryptocurrency. Although the PI network is not directly bound to Bitcoin, this macro trend often spills into Altcoins.
What’s next for PI networks?
With the upcoming token unlocking activity and ongoing market volatility, many people ask: What is the next step for the PI network? As the PI community remains strong and committed to long-term holding, it can help mitigate the short-term impact of unlocking. However, if the PI fails to surpass the $2 resistance, a downside action of $1.58 may occur. Some experts also suggest that PI can reach $10 soon.
