Pi Network Price Shows Significant Rebound as Market Shifts
By Crispus Nyaga
April 13, 2025, 1:30 PM UTC
The price of Pi Network’s native cryptocurrency, PI, has recently demonstrated a notable recovery, rebounding by over 80% from its lowest point earlier this month. This surge has reinvigorated interest in the Pi Network, with the token climbing to a high of $0.7375 during the recent trading weekend. As a result, the daily trading volume has witnessed a substantial increase, exceeding $700 million.
Market Context
The rebound in Pi Network’s price comes at a time when the broader cryptocurrency market appears to be stabilizing amidst ongoing economic uncertainties. Major cryptocurrencies, including Bitcoin (BTC) and Solana (SOL), have also seen price increases, with Bitcoin recently trading at $84,000 and Solana at approximately $130. Traders are optimistic about potential interventions from the Federal Reserve, especially in light of the economic implications of tariffs announced by former President Donald Trump. Boston Fed President Susan Collins has stated that the Federal Reserve is prepared to step in to support the economy if necessary.
Aftermath of Recent Price Declines
The resurgence in Pi Network’s price follows a significant downturn in February, where the coin experienced a dramatic decline of over 86% from its apex. This recent uptick is largely attributed to investors capitalizing on the perceived bargains available in the market after the major price drop. Such strategic buying has helped bolster confidence among traders and investors alike.
Potential Exchange Listings
Speculation is rife within the cryptocurrency community regarding upcoming listings of the Pi Network token on major exchanges, which could further enhance its visibility and accessibility. Prominent exchanges such as Binance have already signaled interest, as community members voted in favor of a potential listing earlier this year. Other exchanges like Coinbase, Kraken, and Upbit are also viewed as likely venues for future listings. The heightened interest from these platforms stems from their desire to capture trading fees currently being funneled to competing exchanges such as OKX and MEXC.
Mechanisms for Price Support
One of the mechanisms anticipated to further support the price of Pi coin is the implementation of a token burning process. This strategy aims to mitigate the effects of ongoing token unlocks and mining rewards, which could contribute to downward pressure on prices.
Technical Analysis of Pi Network
Technical indicators portray a positive outlook for Pi Network’s price trajectory. Recent analysis of its four-hour price chart shows the PI token has successfully crossed above the 50-period moving average, a bullish sign for traders. Key oscillators, including the Relative Strength Index (RSI) and the Awesome Oscillator, are also reflecting upward momentum.
As it stands, bulls are targeting a significant resistance level at $1.7365, a price point not seen since March 13. Achieving this level would represent a remarkable 135% increase from the current price. However, caution is warranted, as the current price movement exhibits characteristics of a potential bull trap due to the formation of a small rising wedge pattern. A failure to maintain upward momentum could force the price to retest support levels around $0.40. In summary, while Pi Network is currently witnessing a noteworthy price rebound, traders are advised to remain vigilant and monitor ongoing developments both within the market and specific to the Pi token’s structural indicators. The upcoming weeks could prove pivotal in determining the sustainability of this recent price surge.
Stay tuned for further updates on the Pi Network and other cryptocurrency trends as they develop.
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