Pi Network cryptocurrency is gaining attention in the crypto world once again, with analysts noting a sharp uptick in Pi Coin price momentum and growing interest.
After breaking above the $0.60 mark, many believe the Pi crypto price is preparing for a potential move toward the $1 level, although not everyone agrees on the timeline.
Pi Network Price Gains Momentum Amid Bullish Indicators
Crypto analyst Xia recently highlighted a rapid rise in Pi Coin’s momentum, pointing to its price jump past $0.63 and a local high of $0.6441. She emphasized that trading volume is strong, and key technical indicators like the RSI and MACD are turning bullish, which could signal the start of a larger upward trend.
Xia also cited Pi’s strong ecosystem activity. During the recent Pi Fest, over 1.8 million users participated, with more than 58,000 sellers contributing to network engagement. She questioned why traders were still hesitant about Pi despite these promising fundamentals.
Pi Coin Value May Dip Without Strategic Actions
While Xia is optimistic, analyst Dr. Altcoin offered a more cautious outlook, warning that Pi could face sharp corrections if certain issues are not addressed. Drawing lessons from the recent OM price crash, he outlined three key moves the PiCoreTeam should take to protect Pi Coin’s price.
First, he recommended expanding the number of KYB-approved exchanges and enabling broader market access, including platforms like OKX in restricted regions. Second, he called for more institutional buyers to absorb the Pi supply, with firms like BANXA suggested as potential large-scale buyers. Third, he stressed the importance of regular updates from the Pi Core Team, including new partnerships or product rollouts that could boost demand.
Pi Network Price Prediction
Analyst Moon Jeff believes Pi Coin is holding its $0.61 support well and could be poised for a move back to $1 if momentum continues. Another analyst, PiNewsZone, echoed this sentiment, suggesting that Pi would become “unstoppable” once it breaks above $1, encouraging users to accumulate during this phase.
108 Million PI Tokens Unlock in April
The biggest headwind for Pi Coin isn’t just technical, it’s the incoming supply shock. According to Pi scan, as of April 17, over 108.9 million PI tokens are scheduled to be unlocked during the month, putting further pressure on the already struggling coin.
On April 16 alone, 2.8 million PI were released into circulation. The unlocks will continue daily, with between 5 to 6 million tokens being unlocked each day. For example, 5.74 million tokens are expected to be unlocked on April 20, followed by 5.14 million on April 21 and 5.91 million on April 22.
All these factors could drive Pi Coin sharply higher if momentum sustains, and investors are eyeing every move it makes.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Pi Coin may hit $1 if bullish momentum continues, but large token unlocks could delay the breakout.
To sell Pi Coin, you must transfer to a listed exchange or use P2P platforms, as major exchanges still don’t support it.
