{"id":3637,"date":"2025-04-15T12:10:00","date_gmt":"2025-04-15T11:10:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=3637"},"modified":"2025-04-15T12:13:56","modified_gmt":"2025-04-15T11:13:56","slug":"pi-network-pi-soars-80-in-days-rally","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/pi-network-pi-soars-80-in-days-rally\/","title":{"rendered":"Pi Network (PI) Soars 80% in Days : Is This Just the Beginning ?"},"content":{"rendered":"\n

The 95% Rebound of Pi Network Raises New Concerns<\/strong><\/h2>\n\n\n\n

The price of Pi (PI), the cryptocurrency<\/a> of the “tap-to-earn” mining app Pi Network,<\/a> has experienced a significant rebound in recent weeks. After hitting a low of $0.3979<\/strong> on April 7, the price surged to $0.785<\/strong> on Monday, its highest level since late March. An impressive increase of 95%<\/strong> from its low.<\/p>\n\n\n\n

This recovery follows a period of sharp decline as many pioneers (users who mined the token before the mainnet launch in April) began selling off their tokens.<\/strong> The price had also suffered from the lack of listings on centralized exchanges and persistent concerns about token dilution.<\/strong><\/p>\n\n\n\n

As shown in the chart below, over 1.56 billion tokens<\/strong> will be unlocked in the next 12 months, which could heighten pressure on the price.<\/p>\n\n\n

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

A Troubling Pattern Emerges on the Chart : Analysis<\/strong><\/h2>\n\n\n\n

The technical analysis of Pi Network’s price also raises concerns. After forming a bearish “wedge,” the token has now traced a bullish “wedge,” a chart pattern considered reliable for signaling a downward trend.<\/strong><\/p>\n\n\n

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

Furthermore, a “bearish divergence” appears to be forming, with the Percentage Price Oscillator (PPO) on the verge of generating a bearish signal and the Relative Strength Index (RSI) trending downwards.<\/p>\n\n\n\n

These technical signals suggest a high risk of a sharp correction for Pi Network. The next key support <\/strong>would be around $0.3979,<\/strong> representing a potential drop of 47%<\/strong> from current levels.<\/p>\n\n\n\n

However, this bearish scenario would be invalidated if the price managed to surpass the Woodie pivot at $0.8610.<\/strong> In that case, the next resistance would be at the symbolic level of $1,<\/strong> offering a potential increase of 32%.<\/strong><\/p>\n\n\n\n

On the other hand, PI has broken above its 4H Ichimoku cloud and its stochastic RSI is at its lowest, indicating a short-term upward movement<\/strong> is possible. However, the CMF remains close to the negative zone, indicating the need for caution and that the downtrend is not yet over<\/strong> for PI.<\/p>\n\n\n\n

While the recent price rebound<\/a> <\/strong>of Pi Network<\/strong> has given hope to many users, crypto experts caution against a likely fall. With a potential drop of nearly 50%<\/strong> from current levels.\u00a0<\/p>\n\n\n\n

In summary, key levels to watch are: <\/p>\n\n\n\n