Pi Network Price Crashes to $0.611 — Is a $1 Rebound Possible in April?

The native token of Pi Network, PI, fell by 17% to reach a trading point of $0.611. The token’s exceptional market value drop occurred as the Mantra (OM) token’s failure intensified market instability. Mantra dropped by almost 90% during the weekend and then regained some of its value through a 30% increase. The incident generated broad crypto space concern, which led investors to scrutinize Pi Network and other projects.

Market Meltdown or Buying Opportunity? The Truth Behind the Pi Network Price Dip

The Mantra crash has made doubts about Pi Network operations more pronounced because the company remains untransparent about its token economics and provides minimal public outreach to its users. The community members doubt both the PI token project’s future viability and its present market value. Users and investors demand clearer, more consistent updates and accountability from the Pi Core Team, especially as the network approaches crucial milestones. The recent market volatility has only amplified calls for openness, with some users expressing frustration over the opacity of the project’s internal mechanics and the closed nature of the testnet and KYC processes.

Markets experienced a sudden 17% decrease in Pi Network price, which strongly affected investor trust. The Pi Network progresses ahead with its strategic roadmap, which consists of essential tasks before the mainnet launch happens. The team focuses on building a utility-focused ecosystem and attracting additional users to their network. The future success of these initiatives depends heavily on restoring trust in the project. This volatile market requires sustained commitment to transparent operations, stable performance, and effective communication between the network and its investors to recover fully from its current condition. The Pi trend could swing widely as volume levels continue to drop. The following analysis uses technical chart methodologies.

Technical Breakdown: What MACD and RSI Say in This Week’s Pi Analysis

The 5-minute OKX chart of PI/USDT displays a bearish movement that shows declining highs and falling lows through its descending resistance line. Strong resistance emerges from the diagonal trendline since the price rejects buying attempts. The price area from $0.605 to $0.610 functions as a vital accumulating region, as it underwent numerous evaluations without yielding a definitive break. Two significant barriers in the price movement exist near $0.630 and $0.660. Market structure seems controlled by sellers during the current period, although specific indicators could determine future short-term momentum shifts.

Chart 1 – Analyzed by Triparna Baishnab, published on TradingView on April 16, 2025

The RSI (Relative Strength Index) has twice dipped into the oversold territory, indicating potential short-term bottoms and rebound opportunities. These oversold bounces align with MACD’s golden cross signals, suggesting brief bullish momentum within the broader downtrend. Notably, there were three golden cross signals in the MACD during this period, where the MACD line crossed above the signal line, hinting at short-term reversals. However, a death cross following one of these golden crosses shows the rally lacked strength, leading to a continuation of the downtrend. The RSI is currently around 53.11, implying slightly bullish momentum but no clear breakout yet.

Will the Pi Network Price Recover from this Bearish Pressure in April 2025?

In conclusion, Pi Network is trading in a narrow range after repeatedly testing both support and resistance levels. According to today’s Pi analysis, RSI recoveries failed to push the price beyond $0.620. The downward-sloping trendline continues to act as strong resistance. Although there are hints of buying at lower levels, as is evident from RSI recoveries and MACD golden crosses, the overall bias remains bearish until a confirmed breakout above the trendline occurs.

Traders should watch for a breakout above $0.620 with substantial volume for bullish confirmation or a breakdown below $0.605 for a continuation of the downtrend. Patience is key as the asset consolidates between zones, awaiting a decisive move. Traders watching the Pi trend should prepare for a breakdown or a high-volume breakout.

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