Altcoin Price Prediction: Pi Network Rises for 7 Consecutive Days, AERO and TRUMP About to Break Through

Pi Network (PI), Aerodrome Finance (AERO), and Official Trump (TRUMP) have continued their recovery momentum, outperforming the market in the past 24 hours. From a technical perspective, the price predictions for the three major alts are approaching a potential breakout rally.

Pi Network Price Prediction: Breakthrough 50-Day Moving Average to Surge to $0.32

(Source: Trading View)

As of the time of writing on October 29, Pi Network has risen by 5%, marking the seventh consecutive trading day of gains. This rebound in the action-mining cryptocurrency is attributed to the recent mainnet migration and rumors about its potential ISO20022 certification to compete with Ripple and other cross-border payment tokens. From the daily chart perspective, the price of Pi Network has strongly rebounded from the historical low at the beginning of this month, and the token has currently formed two significant bullish patterns.

The first type is a descending wedge, typically regarded as a bullish reversal signal. This wedge is formed by two gradually converging descending trend lines, and the recent breakout has confirmed new upward momentum. Based on the maximum volatility range of the wedge, the breakout target may be around $0.327, while continued upward movement could potentially reach $0.50 in the medium term. Additionally, the price appears to be forming an inverse head and shoulders pattern, with the head located near the low of $0.1517 in October and the shoulders forming in the $0.20 region.

If the closing price decisively rises above the 50-day moving average of $0.2619 (a position that has previously shown multiple bearish reversal signals), a new upward trend will be confirmed. If this occurs, the breakout rebound may test the August 1 low of $0.3220, followed by the 100-day moving average of $0.3384 and the key level of $0.4000. The momentum indicators on the daily chart remain bullish, with the Relative Strength Index (RSI) at 65, continuing the upward trend and indicating that buying pressure is increasing.

In line with the momentum indicators, the Super Trend indicator has issued a buy signal, and the PI indicator has broken above the red line, restoring the upward trend. At the same time, the Moving Average Convergence Divergence (MACD) is diverging upward from the signal line, with the green histogram rising above the zero line, indicating an increase in bullish momentum. On the downside, the key support level for PI is at the 0.2500 dollar mark, followed by the 0.1919 dollar bottom corresponding to the low on October 11.

Pi Network Technical Indicators:

50-day moving average breakout target: 0.2619 USD (key resistance)

First target: 0.3220 USD (August low)

Second Target: 0.3384 USD (100-day moving average)

Extended Target: $0.4000 (psychological barrier)

Support levels: $0.2500, $0.1919

Aerodrome Finance Price Prediction: Animoca Investment Surges to 1 USD

(Source: Trading View)

Aerodrome Finance is a decentralized exchange (DEX) built on the Coinbase Ethereum Layer 2 infrastructure, which received an investment from Animoca Brands on Tuesday. Animoca acquired AERO but did not disclose the specific amount, instead pledging its entire equity to veAERO. This staking strategy demonstrates Animoca's confidence in the long-term value of Aerodrome Finance, as veAERO is a locked token that allows holders to participate in governance and receive protocol revenue sharing.

As of the time of publication, AERO rose 1% during the Asian trading session on Wednesday, continuing the previous day's 8% increase. This rebound is approaching the psychological barrier of 1 dollar and the upper resistance trendline, thereby forming a complete descending channel pattern on the daily chart. The descending channel consists of two parallel downward trendlines, and breaking above the upper boundary typically signifies the end of the downtrend and the beginning of a new uptrend cycle.

If the closing price of AERO is above $1, it will confirm an upward breakout of the descending channel pattern, potentially aiming for the R1 pivot point at $1.2687. This altcoin price prediction target is based on pivot point analysis, with R1 (Resistance Level 1) being the first natural target after the breakout. Calculating from the current price of about $0.99, reaching $1.2687 means an approximate 28% upside potential.

The MACD and signal line rose towards the zero axis after crossing on Friday, indicating a strong bullish momentum. Additionally, the RSI indicator crossed the midpoint line at 54, showing that there is still room for upward movement before entering the overbought zone. When the RSI crosses from below 50 to above 50, it typically signals a shift in market sentiment from bearish to bullish, which is an important confirmation signal for a trend reversal.

If AERO reverses downward from the $1 level, the S1 and S2 pivot points (at $0.8587 and $0.7043, respectively) may provide support. These support levels are calculated based on recent price fluctuations and often become key levels for buying in actual trading.

TRUMP Price Prediction: Breakthrough 7.70 USD to 8.97

(Source: Trading View)

As of the time of publication on October 29, the price of the Trump official token has risen nearly 3%, expected to be the seventh consecutive bullish candle on the daily chart. The official “meme coin” of U.S. President Trump is gradually approaching the local resistance trend line formed by connecting the peaks of May 22 and September 13, confirming its rebound from the breakdown of the descending channel. This descending channel is formed by a series of lower highs, and breaking the upper boundary will mark the failure of this pattern and the establishment of a new bullish trend.

If the closing price of the TRUMP token is above the trend line of $7.70, then the breakout rally may test the R1 pivot point at $8.973. Calculating from the current price of about $7, this implies approximately 28% upside potential. The TRUMP token, as a meme coin directly related to the U.S. president, tends to have its price movements influenced by both political events and market sentiment. The recent friendly policies of the Trump administration towards cryptocurrencies may have provided additional support for the token's price.

The MACD indicator shows that trend momentum is steadily increasing, with moving averages sloping upwards, and the green bars are also rising year by year. Meanwhile, the RSI indicator remains at 61, maintaining a stable upward trend, indicating that buying pressure continues to exist. This configuration of technical indicators is similar to that of Pi Network and Aerodrome Finance, indicating that the current altcoin rebound has a broader market foundation, rather than an isolated trend of individual tokens.

If the TRUMP token reverses from the upper trend line, it may test the S1 pivot point at $6.323. This support level represents a key retracement level of the recent upward wave, and if it is lost, it could trigger a deeper technical pullback. For short-term traders, a breakout at $7.70 is a key observation point, and after confirming the breakout, entry can be considered with a stop-loss set below $6.50.

The common feature of the price forecasts for these three altcoins is that they are all at the edge of a descending channel or a wedge breakout, and the momentum indicators show that buying power is strengthening. This consistency in the technical aspects suggests that the current rebound in altcoins may have some sustainability, rather than being a fleeting bounce. However, investors must be wary of the inherent high volatility and fundamental risks of altcoins, especially since Pi Network and TRUMP tokens have faced accusations of manipulation and questions regarding transparency.

Three Key Breakthrough Levels and Targets for Major Alts

Pi Network: Breakthrough 0.2619 USD rushing to 0.3220 USD, extending to 0.50 USD

Aerodrome Finance: Breakthrough 1 USD surged to 1.2687 USD, support at 0.8587 USD

Official Trump: Break through 7.70 USD to rush to 8.973 USD, support at 6.323 USD