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Cryptocurrency News Articles
Pi Network (PI) May Outperform Bitcoin (BTC) in April 2025
Mar 29, 2025 at 06:00 pm
Pi Coin experienced turbulence in the last week of March, losing over 70% of its value since February 2025.
March saw turbulent times for Pi Coin, with its price losing over 70% since February 2025. Initial speculation ahead of the mainnet launch fueled a strong surge in the token’s value. However, this was followed by a sharp decline as news of token unlocking exacerbated the rapid sell-off, also contributing to a broader market correction.
Despite this downturn, recent Pi news and technical indicators suggest the token may be setting up for a strong recovery in April. An ascending triangle pattern has formed on its chart, hinting at a potential breakout.
Conversely, Bitcoin displayed relative stability but now encounters technical obstacles. It recently broke down from a rising wedge pattern, signaling a possible correction toward $79,742. This changing market dynamic raises the question: Could Pi Network temporarily outperform BTC in April?
Ascending Triangle Signals a Potential PI Breakout
After pushing its Relative Strength Index into oversold territory, an indication that selling pressure may be waning, PI has rebounded around 15 percent from its lows. It has formed an ascending triangle on its one-hour and four-hour price charts, suggesting that bears are losing their grip and setting the stage for an imminent bullish reversal.
Technical analysis places the breakout target for PI at around $0.94 to $1, considering the height of the triangle. This projection represents an additional 15% increase from current price levels. Such a technical structure could attract more traders if PI manages to break above the horizontal resistance level. Increased buying interest might then fuel further price appreciation for Pi Coin. However, its performance remains closely tied to speculative sentiment, particularly regarding potential exchange listings.
Bitcoin’s Technical Weakness Could Favor PI
Unlike PI, BTC recently broke below the lower boundary of its rising wedge pattern. This bearish formation typically signals the end of an uptrend and the beginning of a correction. BTC’s price breakdown this week confirmed this negative technical outlook. As a result, sentiment among participants shifted toward neutral-to-bearish territory. Based on the wedge’s height, Bitcoin’s next downside target is $79,742.
Despite strong fundamentals, momentum indicators like RSI suggest a decline in bullish sentiment for Bitcoin. If it continues decreasing, traders might shift their attention to alternative assets like PI. This could happen especially if PI’s technical setup signals an impending breakout soon. Such a dynamic could create a short-term scenario where Pi Network outperforms BTC due to technical factors rather than long-term adoption or network strength.
Exchange Listing Hopes Add to PI’s Momentum
Another crucial factor influencing PI’s price trajectory is the possibility of a Binance listing. A recent community poll revealed significant support, with 88% voting in favor of this move. However, Binance itself has not yet confirmed any official plans. Securing a listing on such a major exchange could greatly enhance Pi Coin’s accessibility to a broader audience. The resulting increase in liquidity might provide a further boost to its price.
Despite this, traders should exercise caution as no major exchange has announced plans to list Pi Coin. Speculation on this topic drove past surges in the token, which later saw sharp corrections when these listing hopes weren’t met. Nevertheless, if a listing does occur in April, it could amplify PI’s technical breakout potential. This development might drive substantial additional gains for the token.
Will Pi Network Sustain Its Potential Outperformance?
The question of whether PI can outperform Bitcoin in April 2025 will depend on its ability to break out of the ascending triangle pattern. If this technical structure plays out, PI could see a 15% increase in the short term. This move might allow it to temporarily outpace Bitcoin, which is currently encountering technical difficulties and could see further decline. However, the sustainability of this outperformance remains uncertain given the recent speculative nature of PI’s price movements.
While Pi Coin might enjoy a technical rebound, investors should maintain a cautious approach toward its future prospects. Its price action remains largely dependent on market sentiment and technical patterns, lacking fundamental drivers like increased adoption or real-world utility. As Bitcoin encounters potential short-term corrections, news developments related to Pi Network in the coming weeks will be crucial in determining if PI’s recovery can be sustained.
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!
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- With the Acquisition of 22,048 Bitcoin, Strategy (formally Microstrategy) Elevated Its Total Holdings to 528,185 BTC
- Apr 01, 2025 at 04:45 am
- Kicking off the week, Michael Saylor, Strategy's founder and executive chairman, announced the firm's acquisition of 22,048 BTC, propelling its total holdings to 528,185 BTC