Following its launch on February 20th, Pi Coin displayed an impressive rally, reaching an all-time high (ATH) of $2.99 on February 26th, 2025. However, since hitting that peak, the coin has experienced a sharp decline, resulting in a bearish reversal. The token has been consistently hitting lower lows, signaling a negative market sentiment.
Currently, Pi Coin is trading at around $0.70 with an intraday trading volume of $173.73 million. As volatility increases, investors are closely monitoring price movements, with concerns (often termed FUD—Fear, Uncertainty, and Doubt) growing within the community.
Pi Network Faces Setbacks in March
After its mainnet launch, Pi Network has struggled to maintain stability due to excessive token generation. It also faced challenges with exchange listings, including rejections from Binance and Bybit, two of the largest cryptocurrency exchanges globally.
Additionally, Pi’s price took a hit following the announcement of network updates, including the shift from phone numbers to email for two-factor authentication (2FA). These hurdles have caused significant price fluctuations.
Pi Price Analysis for April 2025
Despite the setbacks, Pi’s price has experienced a crash over the past month, dropping over 76% from its ATH. This indicates increased selling pressure, with its market capitalization now at $4.82 billion and a market dominance of just 0.1765%.
Technical Indicators:
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The Simple Moving Average (SMA) is showing signs of a positive crossover in the 4H timeframe, suggesting increased market activity and potential for a reversal.
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The Moving Average Convergence Divergence (MACD) is currently neutral, reflecting weak price action.
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The 14- and 26-day Exponential Moving Averages (EMA) hint at a potential Golden Cross, which could indicate a shift in sentiment toward bullishness.
Short-Term Pi Coin Price Outlook
If a bullish reversal occurs, Pi could bounce back toward the $1 mark. Maintaining this level would be critical for further upward momentum, potentially reaching $1.22 in the short term. However, if the selling pressure continues, Pi’s price might retest its support level of $0.6450. A failure to hold that level could result in a further decline to its all-time low (ATL) of $0.50.
In conclusion, while Pi Coin faces uncertainty, there is still a potential for recovery if market conditions shift favorably. Investors should stay vigilant as April unfolds, keeping an eye on key technical levels and market sentiment.
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