Pi Network Price Rebounds 25% to $0.75 on Bullish Indicators

Generated by AI AgentCoin World
Saturday, Apr 12, 2025 9:58 am ET2min read

The Pi NetworkPI-- price has recently experienced a significant rebound, with the PiPI-- coin reaching a high of $0.75 on a recent Saturday. This surge follows a period of downward pressure, during which the Pi coin price stabilized around $0.60 after a significant drop from its all-time high of $2.98. The recent price movement has caught the attention of traders and analysts, who are noting a confluence of bullish indicators, including improved technical patterns and expanding real-world utility.

Technical indicators such as the Relative Strength Index (RSI) have shown oversold conditions on the 4-hour chart, signaling potential for a fresh rally. The completion of wave ‘e’ in the Elliott Wave cycle suggests that the corrective phase might be over, according to market analyst Nikola Lazic. If Pi Coin maintains support above the $0.54 level, momentum could carry the price to key Fibonacci retracement targets, with the $1.13 mark, followed by $1.47 and $1.83, among the forecasted resistance points. Some even speculate a longer-term retest of the $3 level if the bullish structure remains intact.

Beyond technicals, growing real-world adoption is boosting the Pi cryptocurrency value. A South Korean skincare company has begun accepting Pi Coin as payment, and Florida-based Zito Realty has integrated Pi Network payments into its real estate offerings. These integrations showcase a shift in Pi’s utility narrative—from a speculative token to a transactional currency. A Pi community moderator noted that Pi Network Coin is finding a use case among businesses that see value in integrating crypto-friendly payment systems, which will help stabilize the Pi currency value in the long run.

Adding to the bullish sentiment is the surge in buying activity on Banxa, a fintech platform that facilitates crypto purchases. Within just 48 hours, two wallets collectively purchased 1.2 million PI tokens via Banxa, underlining increased investor appetite. Banxa’s support for Pi trading—allowing users to buy and sell with credit cards or crypto wallets—helps bridge a critical gap left by major exchanges, which still do not list the token. This growing accessibility makes it easier for retail investors to accumulate Pi and could play a role in future price growth.

Rumors surrounding a potential token burn by the Pi Foundation are also gaining traction. If unclaimed Pi tokens from inactive accounts are permanently removed from circulation, it will tighten supply and increase scarcity—conditions often favorable for price appreciation. This possibility gains weight as the network continues unlocking massive token quantities. While this surge in supply initially triggered price drops, a strategic burn could reverse that effect.

Despite the bullish narrative, Pi Network isn’t without its challenges. The project has drawn criticism from some of its largest community groups, with Pi Network Turkey accusing the core team of a lack of transparency, slow progress on open mainnet rollout, and deviation from the decentralized principles that initially attracted its user base. These issues, along with delays in the Pi mainnet launch, have fueled skepticism about whether the project can deliver on its Web3 ambitions.

Recent political developments may also influence Pi Network price trends. President Donald Trump’s decision to pause tariffs for 90 days eased investor anxiety across global markets. This move, alongside talks with Japan and Vietnam, has rejuvenated risk-on sentiment, which historically benefits cryptocurrencies like Pi. Pi crypto value could also benefit from a broader crypto market rebound. If Bitcoin sustains its rally, altcoins such as Pi Coin may follow, especially if technical and fundamental factors remain aligned.

For now, the Pi Network Coin price remains trapped below the critical $0.60 resistance. However, a sustained move above this level, followed by a successful push past $1, could confirm a bullish breakout. In that scenario, Pi token price may eventually attempt to retest $2.98 and beyond. With growing real-world adoption, potential supply reductions, and strengthening technicals, the stage may be set for a major comeback. Still, the project’s ability to address community concerns and deliver on its long-promised open mainnet will be crucial in determining whether Pi Coin is merely rebounding—or ready for a breakout. As always in crypto, optimism is abundant—but execution is everything.

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