Pi Coin (Pi Network/PI) had an incredible run at the beginning of this year. The asset’s price skyrocketed and its popularity surged. The asset has faced a stark correction over the last month amid the market crash. PI’s price has fallen 0.5% in the daily charts and 47.7% over the previous month. Despite the dip, the cryptocurrency has rallied 1.7% over the last week and 9.9% in the 14-day charts.
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Cryptocurrency Market Holds Steady
The cryptocurrency market has made a recovery after its recent plummet. Bitcoin (BTC) has reclaimed the $84,000 price level after its recent dip to below $75,000. PI has also made some gains amid BTC’s upward trajectory.
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PI and other cryptocurrencies rallied after President Trump announced a 90-day pause on tariffs, except on China. The market has since entered a sideways momentum. The crypto market seems to be holding steady amid uncertainties.
Pi Coin Predicted To Rally 383% To $2.90
According to CoinCodex, PI may enter a bullish phase over the next month. The platform anticipates the asset to rise to $2.90 on May 25. PI’s price will rally by about 383% if it hits the $2.90 target. CoinCodex does not expect PI’s price to hold above $2. The platform anticipates a correction to around $1.52 by late June.
Reaching $2.90 will take Pi Coin very close to its all-time high of $2.99. If the asset hits $2.90, there is a high chance that it may breach its previous peak and hit the $3 mark.
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There is also a possibility that Pi Coin will not rally as predicted. There is still a lot of uncertainty around President Trump’s tariffs. The market may face another correction if tariffs are resumed after the 90-day pause.
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