Following the launch on 20th February, the PI coin price displayed a dream-like run for the first few days. This resulted in it achieving an all-time high (ATH) of $2.99 on 26th February 2025.
Ever since achieving that make, the viral altcoin has lost its rhythm, resulting in a bearish reversal. Following this, the Pi token has been constantly displaying lower lows, suggesting a negative influence.
As of today, the altcoin is exchanging hands at around the $0.70 mark with an intraday trading volume of $173.73 million. As the volatility grows, investors are micro-monitoring the price movements of this project with a constant FUD-like conscience.
In this article, we will uncover the market sentiment and explain the technical sentiment of the Pi crypto token.
Pi Network Experiences A Major Setback In March!
Following its mainnet launch, the Pi team has struggled to keep the network intact due to increased token generation. However, at the same time, it faced rejection from multiple tokens for a potential listing. Among them are Binance and Bybit, 2 of the largest centralized cryptocurrency exchange platforms globally.
Moreover, the organization experienced a major Pi price plunge following its announcement of an update that involved network migration and user account verification. As per the latest announcement, the Pi team has shifted from depending on phone numbers as a primary method of verification to using email for two-factor authentication (2FA).
Following such hurdles, will the Pi coin price make a comeback this April? Let’s find out the short-term Pi price analysis now!
Pi Price Analysis For April 2025!
Amid the rising uncertainty, the cryptocurrency market has experienced a Pi price crash over the last 4 weeks. Notably, the viral altcoin is down by over 76% from its ATH, highlighting increased selling pressure for it in the market. Moreover, with a market capitalization of $4.82 billion, its market dominance has dropped to 0.1765%.
However, the Simple Moving Average (SMA) is on the verge of experiencing a positive crossover in the 4H time frame. This highlights an increase in the buying and selling pressure for the altcoin in the cryptocurrency market.
Furthermore, the Moving Average Convergence Divergence (MACD) has been displaying a neutral price trend over the past week, indicating a weak price action. However, the EMA 14 & 26-day hints at a potential Golden Cross in the Pi coin price chart. This suggests a mixed price sentiment for this altcoin this week.
Will Pi currency ever be worth anything?
By evaluating the present market stats, if a bullish reversal takes place, this could result in the price of Pi token experiencing a bounce back toward its important milestone price of $1. Maintaining the price above that level could result in it heading toward its upper price target of $1.22 during the upcoming days.
Conversely, if the bulls fail to regain momentum, the price of Pi token could retest its important support trendline of $0.6450. If the bearish sentiment intensifies at that point, this could result in the PI price plunging toward its all-time low (ATL) of $0.50 this month.
Also Read: Pi Coin Price Drops 70% in a Month, More Losses Ahead?
