Pi Coin Gains 1% Post BTCC Listing, Faces 60% Monthly Decline

Pi Network's recent listing on the BTCC Exchange has sparked renewed interest in the cryptocurrency's price trajectory for April 2025. The listing is expected to enhance the token's liquidity and visibility, which is crucial for its price performance. Following the announcement, pi coin experienced a modest one percent gain, with prices fluctuating between $0.6806 and $0.7535. However, the token had previously faced a significant decline of over sixty percent in the preceding month due to concerns over increasing supply and limited support from major exchanges.

Market participants are closely monitoring the impact of this new listing, hoping it could serve as a catalyst to push pi Coin towards the one-dollar price point. Historically, listings on major exchanges have driven substantial price increases for cryptocurrencies. However, Pi Network's path remains uncertain due to current market volatility.

A key factor contributing to Pi Coin's recent decline is the large number of token unlocks, which have increased the supply and put downward pressure on its price. April, however, is expected to see a significant reduction in token unlocks compared to previous months. According to data from PiScan, only 124.32 million tokens are scheduled for release in April, a notable decrease from the 182.37 million planned for May and the 233.37 million in July. This reduction in supply could potentially stabilize Pi Network's price, provided that demand remains steady or increases. Analysts suggest that the period between April 7 and April 11, when daily unlocks are at their lowest, could be crucial for Pi Coin's recovery. However, there is still uncertainty about whether this reduction will be enough to counteract the overall downward trend.

Despite its recent performance, Pi Network's technical indicators suggest a potential recovery. Chart patterns show a double-bottom structure forming near the $0.7663 price level, which is traditionally seen as a bullish reversal signal. Additionally, Pi Coin has found support around the 78.60% Fibonacci retracement mark, a zone historically associated with price rebounds. Momentum indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) also show signs of a potential trend shift. The RSI has entered oversold conditions, indicating that selling pressure may be diminishing, while the MACD shows bullish divergence. If Pi Coin manages to break out of its current wedge formation, experts predict a potential climb of up to 135 percent, driving prices significantly above the one-dollar mark.

Another significant factor limiting Pi Coin's price growth is its limited presence on prominent trading platforms. While the BTCC listing is a positive step, wider acceptance by exchanges such as Binance or Coinbase could provide essential liquidity and bolster credibility. A recent survey of Binance users indicated strong community support for listing Pi, which, if realized, could initiate a significant price rally. Additionally, there is growing speculation about a potential token burn by the Pi Core Team to address inflationary concerns. By permanently removing unclaimed tokens from circulation, the team could create scarcity and elevate the token's value. While official confirmation is pending, such an action would likely boost investor confidence.

Overall, the prospects for pi network in April are mixed. The recent BTCC listing, reduced token unlocks, and encouraging technical signs suggest potential for recovery. However, challenges related to exchange listings and persistent supply issues remain. While some analysts predict a potential rise to one dollar, others caution that Pi Coin's price might first fall to $0.64 before establishing firm support. Ultimately, Pi Network's price movement in April will depend on a combination of factors, including new exchange listings, overall investor sentiment, and broader market trends. Although optimism is growing, it is essential to remain cautious as the cryptocurrency market continues to navigate an unstable environment.