Pi Network (PI) is turning heads once again after a sharp rebound from its April lows. Following a brutal 86% drop from its all-time high of $2.81, Pi has staged an impressive comeback, rallying more than 80% to trade around $0.7556 as of April 14. The coin’s breakout past the critical $0.75 resistance level has reignited investor interest—especially with bullish signals flashing across the MACD, RSI, and histogram indicators.
The rally is further stoked by growing chatter about a potential listing on major exchanges like Binance, Coinbase, and Kraken. A debut on these platforms would likely bring significant liquidity to the Pi ecosystem, fueling further upside momentum.
Technical indicators are currently favoring the bulls. A MACD golden cross and a climbing RSI of 64.41 are pointing toward sustained buying pressure. However, it’s not just the charts that have traders optimistic. Pi Network has also confirmed a new token burn mechanism aimed at countering inflationary mining rewards and reducing overall token supply. This strategic move could tighten market circulation and bolster long-term price stability.
oAlso Read: Pi Network in Crisis: 119M Tokens Unlocked as Price Drops 30%
April 13th’s trading saw high volatility, with price hitting resistance at $0.7799 before pulling back due to a MACD death cross and multiple oversold RSI readings. A brief recovery attempt on April 14 was again cut short, suggesting traders should watch closely for the next key move. A break above $0.7799 could open the door to $0.80 and higher, while a failure to hold above $0.7038 may see a retreat toward $0.6500.
Looking ahead, analysts believe Pi has room to grow—potentially surging 135% to retest the $1.77 mark if current momentum persists. With the dual catalysts of a token burn and exchange listing rumors gaining steam, Pi Network is quickly becoming one of the hottest altcoins to watch this month.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
