Pi Network (PI) has captured significant attention since its Open Mainnet launch on February 20, 2025. Below is a cohesive, in-depth technical analysis of PI as of April 24, 2025, followed by market expectations for holders and my personal view.
Price Action & Market Context
As of April 24, 2025, PI is trading around $0.65, down roughly 0.3% over the past 24 hours. This follows an early surge to an all-time high of $2.10 on launch day, after which PI retraced sharply into a consolidation range between $0.61–$0.75 . Recent 24 h volume sits near $104 million, indicative of sustained trading interest despite the pullback .
Key Technical Indicators
A look at on-chain oscillators and moving averages reveals a mixed but improving technical picture:
RSI (14-day): Currently near 35, having moved up from oversold levels below 30, suggesting selling pressure is easing .
MACD (12,26,9): The 12-day EMA has crossed above the 26-day EMA, a bullish signal that often precedes sustained upward moves .
20-day EMA: PI is testing the 20-day EMA resistance—reclaiming and holding above this line would strengthen bullish momentum .
50-day SMA: Still above current price (~$0.75), indicating intermediate-term bearish bias unless broken to the upside .
Overall, oscillators lean toward buy or neutral, while longer-term moving averages remain bearish. The recent shift in MACD and stabilization in RSI, however, suggest that downside momentum may be waning.
Chart Patterns & Key Levels
Two patterns stand out on the daily chart:
1. Rounding (Saucer) Bottom: Since early March, PI formed a saucer bottom—a bullish reversal pattern—culminating in a breakout above the downtrend resistance on April 17 .
2. Double-Bottom Potential: The recent lows around $0.61–$0.644 have held on multiple tests, hinting that sellers are exhausted at these levels .
Support Zones
Primary: $0.61–$0.645 (multi-test zone)
Secondary: $0.55–$0.56 (psychological/fib retracement)
Resistance Zones
Immediate: $0.68–$0.70 (recent swing highs, 20-day EMA region)
Next: $0.96 (0.786 Fibonacci extension of the recent low)
A convincing break above $0.70 could pave the way for a move toward $0.90–$1.00, while a failure to hold $0.61 may trigger a deeper pullback toward $0.50.
Short- & Medium-Term Forecasts
Short-Term (Next 5–10 days)
CoinCodex projects PI reaching $0.83 by April 26 (≈29% upside) .
CoinCodex also forecasts $0.79 by April 16 (≈30% gain) .
These targets align with the saucer bottom’s implied 50% potential—scaled to current consolidation lows.
Medium-Term (H2 2025)
Absent major catalysts, expect a trading range of $0.85–$1.20, with spikes tied to exchange listings or ecosystem news .
A listing on a top-tier exchange (e.g., Binance) could serve as the catalyst for a breakout above $1.50.
Bullish Scenario
If PI cements real-world utility (e.g., .pi domains, PiFest merchant adoption) and secures broader liquidity, some models project $2+ by year-end .
Bearish Scenario
Continued tokenomics uncertainty or delayed exchange integrations could see PI retest lows around $0.45–$0.50 .
Considerations for Holders Strengths
Community & Accessibility:
Over 70 million users mining via mobile, lowering entry barriers .
Ecosystem Growth:
Launch of .pi domain auctions and in-person merchant acceptance drives real-world usage .
Risks
Volatility: Price swings of 50–70% post-mainnet reflect persistent risk .
Tokenomics Transparency: Circulating supply metrics remain murky, complicating valuation .
Exchange Dependency:
Liquidity hangs on securing listings on major venues—delays here could prolong range-bound action .
Personal Opinion
Technically, Pi Network’s rounded bottom and bullish MACD crossover signal a potential shift toward higher prices, but the coin must convincingly clear $0.70–$0.75 to confirm a trend reversal. For risk-aware traders, accumulating near $0.62–$0.60 with a stop below $0.55 could offer favorable reward/risk. Long-term holders should monitor on-chain activity, exchange announcements, and ecosystem milestones—these developments will be the true catalysts for sustainable price appreciation. For now, I regard PI as a speculative hold: it merits exposure for those comfortable with volatility, but fresh capital should await a confirmed breakout above key resistance.
