How High Can Pi Network’s (PI) Price Go in December? 2 AIs Speculate With Big Numbers

After a strong efficiency because the October low, what’s subsequent for PI’s first December?

Maybe pushed by a number of the newest updates for the community behind it, the PI token challenged the $0.30 stage on a few events previously month. Though it was stopped there, it now stands near $0.26, which really implies that its month-to-month efficiency is kind of promising in comparison with the remainder of the market, as virtually all of its digital asset rivals have posted double-digit losses.

However the query now arises of what’s subsequent, and we determined to get in contact with ChatGPT and Perplexity to verify their views on the matter for PI in December.

Is ChatGPT Bullish?

Regardless of the current optimistic PI efficiency, by which the asset gained over 50% since its all-time low on October 10, its total development because it noticed the sunshine of day in February this yr has been fairly painful, and ChatGPT reminded that traders must also take note of that 90% drop.

However, it believes that the current stabilization above $0.23 is the primary good signal because it means that “sellers could lastly be dropping management.” It famous that the $0.21-$0.23 assist is essential for PI and will decide its total efficiency in December.

When it comes to precise worth predictions, ChatGPT stated the token might attain as much as $0.35 over the subsequent a number of weeks. To take action, it will want alignment throughout a number of components, corresponding to higher total market situations and continued updates to the Pi Community ecosystem, together with the newest enhancements within the Pi App Studio.

In distinction, if the market heads for an additional correction and PI fails to interrupt the $0.27 resistance, then it might fulfill the bear-case state of affairs, which envisions one other drop beneath $0.20 and presumably difficult the ATL of simply over $0.172.

It really famous that that is the least probably state of affairs as PI will now enter December “in a stronger place than it’s been in months,” earlier than it added:

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“The token reveals stability, enhancing construction, and relative energy in comparison with the broader market. If the ecosystem continues to increase — and if macro situations don’t deteriorate — PI might ship one in every of its higher months.”

Does Perplexity Agree?

ChatGPT’s competitor wasn’t as longing for PI. It started its prediction by noting that analysts are “bearish short-term” for December, with “fashions forecasting averages of $0.198 and ranges of $0.194-$0.202, implying potential 20-25% drops from present ranges.”

It stated that some technical indicators, such because the RSI going above 65, recommend PI is likely to be overbought and due for a correction. It additionally famous that the general crypto market isn’t out of the woods but, which might set off one other industry-wide correction that may affect Pi Community’s native token as properly.

In conclusion, Perplexity warned traders to be cautious about PI’s efficiency within the subsequent month. Though there’s an opportunity for “flat-to-modest positive aspects,” it added that “bearish forecasts recommend a cautious year-end round $0.20.”