Pi Price Slips to $0.61 — Will $0.55 Support Hold or Break?

Pi Network saw a short-lived bounce earlier this month, but the price momentum has already started to weaken. After briefly climbing higher, renewed selling pressure has pushed the token back toward support, raising questions about whether the April rebound was a setup for another leg down. While some buyers remain hopeful, the overall market structure still leans bearish. With sellers in control, Pi price’s next move could determine whether it stabilises or sinks further into a deeper correction.

April Rebound Meets Resistance 

After weeks of steady decline, the Pi token managed to stage a modest recovery in early April. That bounce gave bulls a reason to watch closely, especially with the broader market showing signs of stabilization. But the recovery was short-lived. Resistance near recent swing highs proved too strong, and bearish momentum has since crept back in.

The price now hovers near a critical support zone, one that could either hold and offer a base or give way to further losses. While some traders hoped the April rally marked a turning point, the lack of sustained buying volume has left that theory unconfirmed.

Market sentiment remains fragile, and Pi’s structure still shows a series of lower highs and lower lows, the hallmark of a continuing downtrend. Until buyers step in more aggressively and the token breaks out of its current range, the bears remain in control. Traders looking for confirmation will need to see a decisive shift in structure and participation before calling a bottom. Let’s take a look at the Pi price prediction to see how these developments impact the price of Pi.

Pi Price Prediction for April 17, 2025

Pi price (PI/USDT) recently experienced heightened volatility, marked by a false breakout followed by a sharp rebound from support around $0.40. A successful breakout above $0.55 propelled the token toward a high near $0.80, but profit-taking pressure triggered a decline, with the price now stabilizing near $0.61. Support is evident at $0.55 and $0.40, while resistance remains strong near $0.75–$0.80. The Relative Strength Index (RSI) at 42.91 reflects weak momentum and mild bearish bias after multiple overbought signals led to pullbacks. 

Chart 1: Analysed by vallijat007, published on TradingView, April 17, 2025

The oversold reading on April 15 suggests recent selling may be easing. MACD signals have been mixed. A golden cross earlier supported the rally, but the recent death cross hints at weakening bullish momentum. Current histogram bars are neutral, indicating consolidation. Overall, Pi token appears to be in a corrective phase following a strong rally. If bulls defend the $0.55 level, a fresh leg higher is possible. However, a drop below this support may open the door to deeper retracement toward $0.40.

Correction or Collapse? 

Pi Network’s April bounce offered a glimpse of bullish potential, but the follow-through hasn’t materialized. With resistance holding firm and sellers regaining momentum, the token now teeters near key support. Whether it stabilizes or breaks lower will shape the next phase of price action. For now, the trend favours caution. Until buyers return with conviction and structure shifts upward, Pi remains vulnerable to further downside, even as some still hope for a reversal. The next move could define sentiment for weeks ahead.

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