The Pi Network’s native token has defied the downturn currently affecting the crypto market. Although it has experienced a 3% dip, it’s a minor drop compared to more significant losses seen by other cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Solana (SOL), which have all seen declines exceeding 15% recently.

Over the past week, however, PI has risen by 13%, securing its place as the 59th largest cryptocurrency by market capitalization at the time of this writing. To forecast what may lie ahead, we consulted ChatGPT.

Upcoming Prospects for PI

A portion of the recent gains of PI could be linked to several updates from the development team over the past weeks. The first update pertains to the Pi App Studio, designed to enhance the app editing process for both novice and experienced developers.

Another significant update features a collaboration between Pi Network and CiDi Games, focused on appealing to the gaming community. Beyond these essential enhancements within the ecosystem—which may positively affect the token’s value—ChatGPT pointed out some technical insights regarding PI.

It appears the token is maintaining position above the initial short-term support level of $0.23, as buyers have consistently engaged during price dips. Nonetheless, the primary resistance lies within the $0.26-$0.27 range, which was previously tested during October.

Should PI decline further, ChatGPT indicates that it may enter a prolonged bullish phase, with targets shooting up to $0.33 in the coming week. Conversely, another rejection could bring about a drop to $0.20, especially if support at $0.23 fails.

Steady Growth

According to insights from OpenAI, PI is identified as one of the few altcoins focusing on incremental growth rather than explosive, short-lived surges—an approach that previously led to swift corrections.

ChatGPT elaborated that it considers PI to be among the most robust tokens in the market, asserting its potential to outshine other altcoins. The prediction for the upcoming week suggests a sideways trading motion between $0.24 and $0.28.

The optimistic scenario hints at a climb towards the $0.33 target previously noted, while the more pessimistic view—barring any surprising events—would indicate a retreat to $0.23. Currently, ChatGPT expresses a positive outlook for PI, asserting, “as long as it holds above $0.23, the path toward $0.28-$0.30 remains clear.”