Pi Network (PI) is showing strong signs of recovery, climbing over 80% from its April lows and signaling a potential rally of up to 135%, fueled by renewed investor interest, increased trading volume, and growing anticipation of major exchange listings.
Currently trading around $0.7375, the token has reached its highest level since March 31, defying recent market volatility. The daily trading volume has also surged past $700 million, marking an 80% spike in liquidity and investor participation.
đ Pi Network Recovers from Massive Drop
Pi Networkâs price action follows a steep correction that saw the token fall over 86% from its February highs. The recent rebound is being viewed by many as a buy-the-dip opportunity, with bargain hunters and long-term believers re-entering the market.
The recovery is taking place as the broader crypto market stabilizes. Top assets like Bitcoin (BTC) and Solana (SOL) have bounced back, with BTC climbing toward $84,000 and SOL trading around $130. This comes amid hopes that the Federal Reserve may step in to support the U.S. economy following rising geopolitical and trade uncertainties.
Boston Fed President Susan Collins recently stated in the Financial Times that the Fed stands ready to intervene, boosting overall investor sentiment in digital assets.
đ„ Potential Catalysts: Exchange Listings and Token Burning
Optimism around tier-1 exchange listings is another key driver of Pi Networkâs momentum. The Binance community approved a listing proposal in February, and speculation is rising that Coinbase, Kraken, and Upbit could follow suit.
The motivation is clear: these large platforms are eyeing a slice of the trading fee revenue currently dominated by OKX and MEXC, where PI is actively traded.
Another significant factor is the potential launch of a token burning mechanism. Burning tokens helps counteract inflationary pressures from token unlocks and mining rewards, reducing overall supply and boosting the tokenâs scarcity often a bullish signal for prices.
đ Pi Network Price Analysis: Wedge Breakout Hints at 135% Surge
According to the 4-hour chart, the PI token has broken out of a falling wedge pattern, a typically bullish formation. The price has moved above the 50-period moving average, supported by rising indicators like the Relative Strength Index (RSI) and the Awesome Oscillator both of which signal upward momentum.
If the rally continues, bulls may push the price to $1.7365, the March 13 swing high, representing a 135% upside from current levels.
However, technical analysts also warn of a possible bull trap, citing a small rising wedge formation, which can sometimes precede short-term pullbacks. If this pattern plays out, PI could retest support at $0.40.
đ§ Final Thoughts
The Pi Network is making headlines once again as its price rebounds with strength, buoyed by a mix of technical and fundamental catalysts. With rumors of major listings, increased trading activity, and a possible token burn mechanism, the outlook for PI is gaining bullish traction.
While short-term risks remain, especially if the rally proves unsustainable, the long-term setup suggests that a breakout to new highs could be in play making Pi Network one of the altcoins to watch this April.
