Pi (PI) Token Had a Bearish Price Performance in March as It Has Declined Ever Since Hitting Its ATH in February

The Pi token had a bearish price performance in March as it has declined ever since hitting its ATH in February. However, some new fundamental Pi news

The Pi token has had a bearish March as it has declined ever since hitting its ATH in February. However some new fundamental Pi news has surfaced which may point to a bullish April.

Based on the reports the native token of Pi network has now been listed on the BTCC Exchange. Additionally there are also data which point to a decrease in April’s token unlocks. As such we can now expect a bullish April for the Pi coin.

With yesterday’s market-wide decline on March 31, the Pi coin also experienced a significant fall, dropping as low as $0.68. However, today, March 31, the crypto market has been green, and as a result, the Pi coin price has reached $0.7185.

This positive change in value can also be attributed to Pi’s recent listing on the BTCC Exchange. As such, with a boost in market availability and accessibility, the Pi token is expected to reclaim $1 this month.

This major step in the Pi’s adoption and accessibility was announced by the BTCC’s official X account. This announcement mentioned that the exchange has added the Pi coin for spot trading. Historically, crypto listings have helped improve community and market sentiment and push prices higher.

As such, Pi’s value had a 2.3% daily increase and even reached a 24-hour high of $0.7526. The Pi network’s token hit its all-time high in February after six days of the launch of its mainnet. However, since then, the token unlocking process has been ongoing, adding to supply and selling pressure.

In March, we saw the Pi coin price fall 76.0% from its $2.99 all-time high. One of the biggest catalysts of this was the daily unlocking of millions of Pi tokens. Another major contributor to the March freefall was the lack of listing from crypto giants like Binance. This problem, however, has been dealt with as per the new exchange listing.

To reach a bullish sentiment, the problem of the imbalance between the token supply and demand should also be addressed. We also have major Pi news related to this context.

The market data shows that the number of Pi unlockings in April will hit their lowest amount since August. In April, we will see only 124.32 million tokens being unlocked into the Pi network. This also represents a low, even when compared to the later months, as May will have 182.37 million. 222.68 million will also be released in June, 233.37 million in July, and 132.52 million in August.

We will have low Pi unlocking between April 7 and April 11, which I hope will lead to a price improvement.

The Pi coin-affiliated crypto analyst Dr Altcoin also shared an X post about this decrease in Pi unlocking. Based on his post, the Pi price will most likely reach a breakout between April 7 and April 11. This is because in these days the number of tokens released will drastically decrease to nearly 1.5 million.

As such, with a lowered bearish pressure, the bulls can gain control again. In such a case, the Pi price movement is projected to reach the $0.80-$1 resistance.

A crypto analyst named Crypto Jex also shared his analysis and prediction for Pi coin price. He stated that Pi is showing an ABC Recovery pattern in an accumulation zone. Jex marked the price targets of the zone between $0.95 and $1.00, $1.30 and $1.50. He also mentioned a surge above the $1.80 price point as the peak.