Pi Network Eyes April Recovery as Pi Coin Targets 135% Rally After BTCC Listing
0
0

The recent listing of Pi Network Coin on the BTCC Exchange has ignited new speculation regarding its price path for April 2025. Getting listed on exchanges usually offers an enhancement to a cryptocurrency’s liquidity and visibility, and Pi’s listing on BTCC is no exception. After the announcement, Pi Coin recorded a modest one percent gain, with prices moving between $0.6806 and $0.7535. Despite this brief rise, the token experienced a sharp drop last month, declining more than sixty percent amid worries about growing supply and insufficient backing from major exchanges.
Market participants are monitoring this new listing to see whether it could provide the necessary catalyst for pushing Pi Coin toward the one-dollar price point. In the past, additions to exchanges have propelled considerable price increases, yet Pi Network’s trajectory remains unclear because of current market fluctuations.
Can Reduced Token Unlocks Stabilize Pi Network in April?
A primary factor contributing to Pi Coin’s recent fall has been the large quantity of token unlocks. This ongoing expansion of supply has placed downward pressure on its price, weakening investor sentiment. April, however, shows a marked change, featuring substantially fewer tokens scheduled for unlocking than in prior months. Data from PiScan indicates just 124.32 million tokens are planned for release during April, considerably less than the 182.37 million planned for May and the 233.37 million in July.
This reduction might reduce selling pressure, possibly stabilizing Pi Network price. Analysts suggest that if demand holds firm or grows, the reduced supply inflow could permit a Pi price rebound. Specifically, the decrease in daily unlocks between April 7 and April 11 might be a key period, allowing Pi Coin to regain stability. Although this situation appears promising, uncertainty persists about whether this reduction can sufficiently counteract the general downward trend this digital currency has faced lately.
Technical Indicators Signal a Potential Trend Reversal
Despite its downward performance, Pi Network’s technical signals hint a recovery might be approaching. Analysis of chart patterns shows a double-bottom structure forming near the $0.7663 price level, a traditional indicator pointing towards a potential upward trend reversal. Pi Coin has also found support around the 78.60% Fibonacci retracement mark, a zone historically associated with price rebounds.
Momentum indicators, such as RSI and MACD, also display signs suggesting a potential trend shift. The RSI has entered oversold conditions, signaling selling pressure could be diminishing, while the MACD indicator shows bullish divergence. If Pi manages to break beyond its present wedge formation, experts forecast a potential climb reaching 135 percent, driving prices significantly past the one-dollar mark.
Will Exchange Listings and Token Burn Push Pi Coin Higher?
A significant factor restricting Pi Coin price growth is its limited presence on prominent trading platforms. Although the BTCC listing is helpful, wider acceptance by exchanges such as Binance or Coinbase could offer essential liquidity and bolster credibility. A recent survey of Binance users showed considerable community support for listing Pi, which, if it happens, might initiate a large price rally.
New Spot Listing: $PI @PiCoreTeam
— BTCC (@BTCCexchange) March 31, 2025TRADE NOW
Furthermore, speculation grows concerning a potential Pi Network token burn aimed at addressing inflationary concerns. By permanently taking unclaimed tokens out of circulation, the Pi Core Team could generate scarcity and thus elevate the token’s value. While official confirmation is pending, such an action would likely bolster investor confidence.
Can Pi Coin Recover in April?
Prospects for Pi Network during April remain varied. On one hand, the recent BTCC listing, reduced token unlocks, and encouraging technical signs point toward recovery potential. On the other hand, challenges with exchange listings and persistent supply issues persist. Although some analysts forecast a potential rise to one dollar, others caution Pi price might first fall to $0.64 before establishing firm support.
Ultimately, Pi Network’s price movement in April depends on a combination of factors, including new exchange listings, overall investor sentiment, and broader market trends. Though optimism is increasing, remaining cautious is vital as the cryptocurrency market continues navigating an unstable environment.
The post Pi Network Eyes April Recovery as Pi Coin Targets 135% Rally After BTCC Listing appeared first on Coinfomania.
0
0
Securely connect the portfolio you’re using to start.