Pi Network (PI) Price Prediction: Can the Cryptocurrency Recover from Its Decline?

The decline has left investors uncertain about the cryptocurrency's future trajectory. However, emerging reports suggest that Pi crypto value could rebound

The decline has left investors uncertain about the cryptocurrency’s future trajectory. However, emerging reports suggest that Pi crypto value could rebound, with a potential 40% rally in April. But will this recovery materialize, or is another pullback looming?

One of the biggest challenges for Pi Network Coin has been the lack of major exchange listings. Despite overwhelming community support, Binance has yet to list Pi Coin, which is weighing heavily on investor sentiment. Other leading exchanges, such as Coinbase, Kraken, and Upbit, have also refrained from listing the asset, likely due to transparency concerns surrounding the project.

However, a potential Binance listing in April could trigger a sharp uptrend, according to analysts at WaveRiders2 on TradingView. If Pi Network manages to secure a spot on a top-tier exchange, its liquidity and credibility could improve, setting the stage for higher trading volumes and price appreciation.

Another development that can influence Pi Coin price is speculation on the possibility of a Pi Network stablecoin. Rumors suggest that Pi Network is collaborating with the Stellar blockchain to launch a stablecoin that can enhance its utility and usage.

The introduction of a stablecoin would help make Pi cryptocurrency an exchange medium, hence solidifying its ecosystem. This action would increase Pi Network’s inherent value, and investors would be drawn back, some industry participants say.

The recent market downturn has seen the Pi currency value struggling below the critical $1 resistance level. Although some purchases are signaled by the technical indicators, the Relative Strength Index (RSI) remains below 40, thus sellers are still in control, according to Bullstraders7 on TradingView.

However, analysts point out that Pi Coin has just broken out of a declining wedge formation, which could signal an imminent bullish reversal. If the breakout is confirmed by heavy buying pressure, Pi Network trading can see a sharp ascent toward the $1.19-$1.50 area in the short term.

In spite of the present volatility, some analysts are bullish about the future of Pi Coin. If the much-hyped Binance listing or the release of a stablecoin becomes a reality, Pi Coin may witness a rally of as much as 40%, taking its price near $1.19 or more.

However, bearish risks are still present. Unless Pi Network gains traction with big exchanges or faces massive buying pressure, PI Coin price can go down further and might retest the $0.72-$0.65 area. Additionally, upcoming token unlocks of 117 million coins in April can result in additional selling pressure.

April stands as a decisive month for Pi Network Coin price. While bullish catalysts, such as exchange listings and ecosystem developments, could drive a recovery, market uncertainty and resistance levels pose formidable challenges.

For now, traders should keep an eye on major announcements and price action as PI Coin news continues to shape its near-term trajectory. Whether Pi Coin experiences a 40% surge or another correction, April will be a crucial test for the Pi Network market.