Pi Coin Price Soars 60% Before Dropping: Is Volatility the New Normal?

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Arslan Butt

Crypto Writer

Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated: 

April 5, 2025

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After weeks of sluggish movement, Pi Coin (PI) shocked the market with a 60% rally—jumping from $0.402 to $0.794 in a matter of hours. The spike reignited online chatter and revived short-term hopes—but the optimism faded fast.

PI has since pulled back to $0.64, raising fresh doubts about whether this was a true reversal or just another speculative pop.

Market analysts say the price spike was likely driven by speculative retail buying, not long-term accumulation. It fits a familiar pattern: low-cap coins with limited utility and exchange access often attract short-term momentum traders chasing quick gains—rather than believers in the long-term project.

Quick Snapshot:

• PI surged 60% before pulling back
• Current price: $0.64 (still down 70% from February’s $2.98 peak)
• Rally driven by retail speculation, not fundamentals

Supply, Listings Still Weigh on Pi Coin

Even with the temporary price recovery, Pi Coin’s underlying fundamentals haven’t meaningfully improved. The biggest concern? A wave of token unlocks is on the horizon. More than 1.55 billion PI tokens are set to enter circulation in the coming months—putting considerable pressure on price unless demand suddenly spikes.

Then there’s the lack of major exchange listings. Top platforms like Binance, Coinbase, and Kraken still haven’t touched Pi Coin. That leaves the token dependent on a narrow group of mid-tier exchanges, restricting liquidity, limiting investor access, and reducing its appeal to institutions.

Add in declining daily trading volume, and the recovery picture starts to fade.

Key Headwinds:

• Ongoing token unlocks adding to supply
• Still 70% below ATH
• No listings on major global exchanges
• Volume cooling off after the rally

Pi Coin Technical Outlook: Capped by Resistance

On the technical side, the 4-hour chart shows that Pi Coin is stuck in a consolidation phase. The recent bounce has stalled just below $0.693, a resistance level that also aligns with the 50-period EMA at $0.675—both rejecting further upside. A descending trendline from the March highs is still very much in play, capping breakout attempts.

The Relative Strength Index (RSI) is sitting right at 50, signaling neutral momentum. Support appears stable at $0.544, but if that level fails, a move back toward $0.407—last month’s low—is likely.

For any meaningful bullish shift, Pi needs to break and close above $0.693 with volume. But even then, the rally may be short-lived unless it’s supported by stronger fundamentals or a game-changing exchange listing.

Technical Overview:

• Resistance: $0.693 and 50-EMA at $0.675
• Support: $0.544 → $0.407
• RSI (14): 50 – neutral, but vulnerable

Conclusion: Volatility Remains Pi’s Defining Feature

Pi Coin’s 60% price pop shows there’s still speculative interest—but that’s not the same as long-term confidence. Without real-world utility, major listings, or a clear development roadmap, PI’s path forward remains shaky.

The project may still evolve—but for now, volatility is the norm, not the exception. Investors should tread carefully, keeping one eye on technical levels and the other on whether the team can deliver the kind of progress that turns hype into lasting value.

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