Since its launch, Pi network coin has been declining and recently, it crashed to just $0.5648—a drop of more than 81% from its peak. Some even called the Pi coin a scam. However, now after weeks of downfall, the Pi Network (PI) token is showing signs of a possible turnaround. The Pi coin is currently trading at $0.59, up 2.8% from a day ago and and 4% from a week ago. But does the current surging price really mean that Pi is ready to explode, or is the current excitement just short-term noise?
PI has seen massive trading volume—reportedly reaching almost $1 billion in a single day.
For a token not fully integrated into major exchanges, this level of trading is significant. It signals that interest hasn’t disappeared. In fact, it may be building again.
Most of this trading is happening on centralized exchanges like Gate.io, Bitget, and OKX. While PI is not yet listed on top-tier platforms like Binance or Coinbase, its presence on several mid-sized exchanges keeps it visible to traders. If major exchanges decide to list PI, that could trigger another wave of demand.
Supply Pressure May Be Offset by Pi Network Token Burn
A major concern facing PI is the upcoming unlock of more than 1.5 billion tokens over the next year. Releasing that much supply into the market could cause price pressure and weaken any bullish momentum. However, the Pi Foundation is exploring a plan to burn tokens that are left unclaimed by inactive users.
This kind of supply control mechanism—especially when combined with growing demand—can create a scarcity effect. If fewer tokens are available and more people are trying to buy them, prices could move higher. It’s a dynamic seen in other crypto projects and could play out similarly for Pi.
PI’s recent chart also shows formation of a “falling wedge” pattern. This is common signals that often appear before an upward price breakout.
If PI breaks above the key level of $1.00, it could mark the beginning of a trend reversal, potentially reaching higher targets like $1.80 in the future.
Of course, technical patterns aren’t guarantees. They reflect trader sentiment, but they still rely on larger market movements and news-based triggers.
Bitcoin’s Influence Still Matters
Even though Pi Network has built its own ecosystem and identity, it still moves in response to Bitcoin’s price trends. As of April 10, Bitcoin was trading around $81,649 and gained 5% in last 24 hours. When Bitcoin rises or stabilizes, investors often look to altcoins for further gains. That rotation of capital into smaller tokens like PI can help push their prices up, especially during recovery phases.
This connection between Bitcoin’s movement and Pi Network’s potential cannot be ignored. If the broader market enters another bullish phase, PI is well-positioned to benefit—especially with its large user base and improving visibility.
