{"id":1757,"date":"2025-03-31T16:59:00","date_gmt":"2025-03-31T15:59:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=1757"},"modified":"2025-03-31T16:32:18","modified_gmt":"2025-03-31T15:32:18","slug":"pi-network-stabilizes-explosive-price-rebound","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/pi-network-stabilizes-explosive-price-rebound\/","title":{"rendered":"Pi Network Stabilizes : Is an Explosive Price Rebound on the Horizon ?"},"content":{"rendered":"\n

Pi Network : A Look Back at a Steep Fall<\/strong><\/h2>\n\n\n\n

While the launch of the Pi Network ‘s mainnet<\/strong> was successful, the token has seen a dramatic drop in value<\/strong> since its peak. Plummeting from a high of nearly $3 to around $0.7925<\/strong>, investors have suffered significant losses<\/strong>.<\/p>\n\n\n

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\"declining<\/figure>\n<\/div>\n\n\n

Source: TradingView<\/p>\n\n\n\n

This Pi’s price drop<\/a> can be mainly attributed to three factors:<\/p>\n\n\n\n

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  1. Lack of trading on exchanges<\/strong>: Despite strong community demand, Pi Network has not yet been listed on most major cryptocurrency exchanges like Binance<\/strong>, Coinbase<\/strong>, or Kraken<\/a>. This lack of liquidity has weighed on the price.<\/li>\n\n\n\n
  2. Token dilution<\/strong>: In the next 12 months, around 1.6 billion Pi tokens<\/strong> will be unlocked, adding a significant supply to the market and putting downward pressure on the price.<\/li>\n\n\n\n
  3. Crypto market conditions<\/strong>: The overall decline in the cryptocurrency market, including the drop in Bitcoin<\/a> and many altcoins, has also negatively impacted Pi’s price.<\/strong><\/li>\n<\/ol>\n\n\n\n

    Encouraging Technical Signals<\/strong><\/h2>\n\n\n\n

    Despite the ongoing downward trend, some technical indicators suggest a possible turnaround<\/strong> in the short term.<\/p>\n\n\n\n

    1) Weakening of the Downtrend<\/strong><\/h3>\n\n\n\n

    The ADX (Average Directional Index)<\/strong>, which measures trend strength, has dropped from nearly 60 to only 15. This significant decrease indicates that the downtrend is losing momentum and could potentially reverse<\/strong>.<\/p>\n\n\n\n

    2) Bullish Divergence on the BBTrend Indicator<\/strong><\/h3>\n\n\n\n

    The BBTrend indicator<\/strong>, which tracks the widening and narrowing of the Bollinger Bands<\/strong>, now shows a bullish divergence. This could signal a shift in market sentiment towards a bullish price movement<\/strong>.<\/p>\n\n\n\n

    3) Formation of a Bearish Wedge<\/strong><\/h3>\n\n\n\n

    The Pi Network’s price<\/strong> is forming a bearish wedge pattern on its chart, typically seen as a bullish reversal signal in technical analysis.<\/p>\n\n\n\n

    Will Pi’s Price Finally Soar? Opportunity with Weex<\/strong><\/h2>\n\n\n\n

    Given these favourable technical setups<\/strong>, analysts predict a potential bullish breakout in Pi Network’s price by April. If this scenario confirms, the next key resistance would be around $1.7980<\/strong>, offering significant upside potential from current levels.<\/p>\n\n\n

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    \"pi<\/figure>\n<\/div>\n\n\n

    Source: The News Crypto<\/p>\n\n\n\n

    Despite Pi Network facing significant setbacks due to lack of exchange support, token dilution concerns<\/strong>, and overall market weakness, technical analysis now suggests a potential recovery. Investors will closely monitor resistance levels and announcements regarding potential listings<\/strong>, which will determine if Pi Network can reclaim its previous highs<\/strong> in the coming months.<\/p>\n\n\n\n

    You can purchase the PI token<\/em> now on Weex<\/strong>. Here is a simple guide in a few steps:<\/p>\n\n\n\n

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    1. Create a Weex account<\/strong>: Visit the official Weex website<\/a> and sign up with your email or phone number. Verify your registration with the code sent.<\/li>\n\n\n\n
    2. Complete KYC verification<\/strong>: Submit an ID document and proof of address for KYC verification.<\/li>\n\n\n\n
    3. Fund your wallet<\/strong>: In “Deposit,” add funds via cryptocurrencies (USDT, BTC, etc.) or fiat (bank transfer, card).<\/li>\n\n\n\n
    4. Access the market<\/strong>: Go to “Trading Spot,” type “PI” in the search bar, and select the PI\/USDT pair to open the trading interface.<\/li>\n\n\n\n
    5. Make the purchase<\/strong>: Opt for a market order for an immediate purchase or a limit order to set a specific price. Enter the desired token quantity, verify, then confirm.<\/li>\n<\/ol>\n\n\n\n
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      Complete your KYC and receive $10 !<\/a><\/div>\n<\/div>\n\n\n\n

      More on this topic :<\/strong><\/p>\n\n\n\n