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Cryptocurrency News Articles
Pi Network (PI) Price Prediction 2025: Will Pi Network (PI) Coin Speculatively Break Out From Its $0.60 Resistance?
Apr 11, 2025 at 08:54 pm
The Pi Network is in a critical situation as the whole ecosystem experiences changes with the release of 119 million Pi tokens before the end of April 2025
The Pi Network is in a critical situation as the whole ecosystem experiences changes with the release of 119 million Pi tokens before the end of April 2025, hence the sound-biting reactions from the market.
The Pi price declined $0.59 from the above, trying to break the $0.60 resistance, marking an over 30% downturn in just two weeks and more than 80% lower than the February high. This complete downturn comes amid increasing community frustration for the failure to open the Open Mainnet and the public outcry about transparency and governance issues.
Pi Network Hit by Token Crash and Community Unrest
The Pi Network, once glorified as a trailblazer of a cryptocurrency project, is presently facing whirlwinds of challenges. The coin speculates a steep fall within the last two weeks, shedding 30% of its value and taking a trading position of $0.59 on April 11, 2025. This rapid plummet has put the token more than 80% down from its scale attained in February, raising questions about its future.
The recent rush in the price drop would be due to the prospect of 119 million Pi tokens being released into circulation by the end of April, with 1.4 million already unlocked on April 11. This huge unlocking of tokens has only added to the selling pressure upon an already fragile market. Other issues troubling the project include increased community unrest, especially from Pi Network Turkey, regarding the late launch of the Open Mainnet and the lack of transparency reportedly shown by the core team. Irrespective of these problems, some believe that if the Pi Network manages to migrate successfully to the mainnet and get onto major exchanges, the network may yet recover.
PI Price Analysis of Last 24 Hours
The PI Coin movement experienced the initial bullish indicator when the MACD displayed a golden cross at 01:05 UTC on April 10. The RSI indicator reached the oversold level at 00:45 UTC, triggering a minor price rally to stabilize PI Price near $0.5750. Upward momentum in PI prices strengthened when another golden cross occurred at 08:55 UTC, which guided the price movement toward its $0.60 resistance area. A death cross emerged at 13:35 UTC, creating resistance which caused the market to enter a consolidation period. Market sentiment experienced an upward boost because of the golden cross formation that happened at 16:30 UTC, and RSI metrics showed no significant change.
Chart 1, analysed by Anushri Varshney, published on TradingView, April 11, 2025
A second death cross occurred at 03:45 UTC, causing a brief pause in upward price movement. By 08:25 UTC the RSI exceeded its overbought threshold yet buyers managed to keep pushing the PI Price towards the $0.60 resistance level. The second encounter of overbought RSI at 03:25 UTC indicates potential price fluctuations that may appear when bull momentum weakens. At present, the PI Network operates within a consolidation channel where $0.57 is the support and $0.61 serves as the resistance point.
Pi Network’s Path Ahead
The future of Pi Network and Pi Coin depends on how well the two can overcome hurdles and potential falls. A huge price crash, though, is the result of the release of 119 million tokens. This question marks the minds of the market traders as to what stability is going to sit. However, the long-term forecasts for Pi Coin remain cautiously optimistic.
The analysts predict its price range between $10.73 and $143.51 in 2025 based on several factors, including market adoption, exchange listings, and the successful launch of the Open Mainnet. However, the project requires clearing the dissatisfaction of the community due to delays in transparency and ambiguous financial issues for the Pi to regain faith.
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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- #hbar
- Apr 18, 2025 at 07:55 am
- HBAR's current market sentiment is bearish. Here's why :
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