Pi Network’s token saw an impressive rise in the past weeks, jumping from an all-time low of $0.172 on October 10 to about $0.29, eventually stabilizing around $0.25 at the month’s end. This surge stemmed from a long period of correction alongside several positive developments in the Pi Network’s ecosystem, including new updates and AI integrations.

As November begins, the focus shifts to whether PI can maintain this upward trend and further recover its value.

Is November a Yes or No for PI?

Before making predictions for the coming month, ChatGPT pointed out the two key factors behind PI’s significant rise of 50% in late October: renewed community activity, focusing on AI and app pilot projects, and increased off-exchange trading volume.

ChatGPT remains cautiously optimistic about PI for November, presenting a 60% likelihood that it will continue to rise gradually, forecasting its current price as merely the lower threshold within a broader range of $0.24 to $0.34.

“Modest continuation as ecosystem headlines keep interest alive but liquidity remains thin,” it noted about this scenario.

For those hoping for a more robust price boost that could push PI above $0.40, the AI assigned a 25% probability. Such an upside would hinge on PI breaking the $0.35 resistance threshold following new exchange listings or tangible improvements within the ecosystem.

Conversely, ChatGPT’s bearish outlook (15% probability) suggests a potential drop below $0.20, likely retesting the all-time low, if the current hype diminishes and no substantial news about network progress emerges by mid-November.

Factors to Monitor

The AI touched on a few elements that might affect PI’s pricing over the next month:

• App-ecosystem traction: New applications and AI integrations could support the ongoing recovery.
• Liquidity & listings: Currently, trading volumes are low and mainly performed over-the-counter; wider exchange support would act as the crucial bullish catalyst.
• Broader market sentiment: If Bitcoin (BTC) and altcoins experience recovery this month, PI’s upward potential could be amplified.

Additionally, the report discussed the upcoming token unlock schedule, highlighting the anticipated quantity of coins to be released next month. This information could give insight into whether the immediate selling pressure from investors waiting for their tokens may decrease or increase.

Recent data from PiScan indicates that the average daily unlock is around 4.16 million tokens, significantly lower than the 8-9 million seen in the summer months. This reduction could relieve immediate selling pressure and allow for price stabilization in November, as projected.