![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
Pi Network (PI) Coin Price Prediction: Can Reduced Token Unlocks Stabilize Pi Network in April?
Apr 02, 2025 at 08:45 pm
The recent listing of Pi Network Coin on the BTCC Exchange has ignited new speculation regarding its price path for April 2025.
Recent listing of Pi Network (PI) coin on BTCC Exchange has sparked renewed interest in the token’s price path in April 2025. Typically, exchange listings bring greater liquidity and visibility to a cryptocurrency, and Pi’s inclusion on BTCC is no different.
After the announcement, Pi coin saw a modest one percent gain, with prices ranging between $0.6806 and $0.7535. However, the token experienced a sharp drop last month, falling more than sixty percent amid concerns over increasing supply and lack of support from major exchanges.
As market participants watch this new listing, they’re keen to see if it could provide the catalyst for pushing Pi coin towards the one-dollar price point. In the past, additions to exchanges have brought significant price increases, but with current market shifts, the full impact on Pi Network’s trajectory remains to be seen.
Can Reduced Token Unlocks Stabilize Pi Network in April?
One key factor in Pi coin’s recent fall has been the large quantity of token unlocks. This ongoing expansion of supply has put downward pressure on its price, affecting investor sentiment. However, April shows a change, with far fewer tokens set for unlocking compared to previous months.
According to data from PiScan, only 124.32 million tokens are planned for release during April, significantly less than the 182.37 million planned for May and 233.37 million in July. This reduction might lessen selling pressure, potentially stabilizing Pi Network price.
Analysts suggest that if demand remains strong or increases, the reduced supply inflow could allow for a Pi price rebound. In particular, the decrease in daily unlocks between April 7 and April 11 might be crucial for Pi coin to regain stability.
Despite this promising situation, there’s uncertainty about whether this reduction can sufficiently offset the overall downward trend this digital currency has faced recently.
Technical Indicators Signal a Potential Trend Reversal
Despite its recent downward performance, Pi Network’s technical signals suggest a recovery might be approaching. Analysis of chart patterns shows a double-bottom structure forming near the $0.7663 price level, a traditional indicator suggesting a potential upward trend reversal.
Moreover, Pi coin has found support around the 78.60% Fibonacci retracement mark, a zone where price reversals have occurred in the past. This support zone is crucial as it can stall or reverse a downward trend.
Momentum indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), also show signs that could indicate a potential trend shift. The RSI has moved into oversold conditions, indicating that selling pressure might be decreasing.
Additionally, the MACD indicator shows bullish divergence, which occurs when the momentum of a declining asset begins to increase. This divergence can be a sign that the downward trend might be nearing its end.
If Pi manages to break out of its present wedge formation, experts predict a potential climb of 135 percent, pushing prices significantly past the one-dollar mark.
Will Exchange Listings and Token Burn Push Pi Coin Higher?
A significant factor limiting Pi coin’s price growth is its limited presence on major trading platforms. While the BTCC listing is helpful, broader inclusion on exchanges like Binance or Coinbase would provide crucial liquidity and boost credibility.
A recent survey of Binance users showed strong community support for listing Pi, and this addition could trigger a large-scale price rally.
Furthermore, speculation is rising about a potential Pi Network token burn to address inflationary concerns. By permanently removing unclaimed tokens from circulation, the Pi Core Team could create scarcity and thus raise the token’s value.
Although official confirmation is still pending, such an action would likely boost investor confidence in the project.
Can Pi Coin Recover in April?
Prospects for Pi Network during April are mixed. On one hand, the recent BTCC listing, reduced token unlocks, and encouraging technical signs suggest recovery potential. However, challenges with exchange listings and ongoing supply issues remain.
While some analysts forecast a potential rise to one dollar, others predict that Pi price might fall further to $0.64 before finding strong support. Ultimately, Pi Network’s price movement in April will depend on a combination of factors.
These include new exchange listings, overall investor sentiment, and broader market trends. Despite increasing optimism, caution is advised as the cryptocurrency market continues to navigate a volatile environment.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
-
-
-
-
-
-
- A blockchain project focused on creating a multichain ecosystem is preparing to reward its early supporters with a substantial airdrop.
- Apr 05, 2025 at 11:35 pm
- The project plans to distribute 50 million tokens to participants ahead of its mainnet launch, representing 5% of the total supply of 1 billion tokens.