YEREVAN (CoinChapter.com) — On April 20, 2025, crypto analysts flagged a notable spike in whale activity as a bullish signal for Pi Coin. Within just 48 hours, large holders moved 41 million Pi tokens—valued at over $27 million off centralized exchanges and into private wallets. Specifically, more than 13 million of those coins were withdrawn from OKX, according to data shared by Pi-focused community trackers.
As a result, the circulating supply on exchanges dropped sharply. This decline often signals accumulation, suggesting that investors are positioning for an expected price increase. Analyst PiMigrate supported this view, stating that Pi Coin’s journey to $5 has already begun. He pointed to the $0.60 range as a key support level and called $5 a “very possible valuation” based on current momentum.
Analysts Back $5 Target for Pi Coin
Several crypto analysts continue to support the $5 price target for Pi Coin, using technical indicators and chart patterns to back their claims. Among them, analyst Moon Jeff posted a bullish chart on X, illustrating a potential breakout scenario. His chart shows that Pi Coin has been consolidating within a narrow range near $0.62. He marked this range with a green box, suggesting it as a key accumulation zone.
From there, the chart points to a sharp upward trajectory, with an arrow indicating a possible move toward the $3.29 mark as the next major resistance. This visual implies that a breakout from the current structure could unlock significant upward momentum.
Another analyst, Xia, supported this view using technical signals. She noted that the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are both shifting into bullish territory. These indicators typically signal strengthening buying pressure, and in this case, reinforce the chart’s suggestion that Pi Coin could begin a new upward trend if current support levels hold.
Despite recent volatility, Pi Coin is trading near $0.63 on OKX as of April 21, 2025. The chart shows stable movement around the $0.63 level. Trading volume stands at approximately 882,000 Pi, indicating moderate activity.
Pi Coin Price Holds Firm Despite Token Unlocking
Pi Core Team recently started unlocking a large amount of Pi tokens, which some expected to crash the price. However, Pi Coin has remained above $0.60. That stability, despite extra supply entering the market, has surprised even long-time supporters.
Dr. Altcoin, a well-known Pi promoter on X, credited the team for implementing measures to absorb the supply. He said this strategy helped stabilize the price and reinforced the token’s long-term value.
Dr. Altcoin emphasized that while the community is disappointed by the lack of updates from the Core Team, Pi Coin has maintained momentum. He pointed out that Pi often ranks among the top 30 cryptocurrencies by market cap. He also noted that his own posts on the project have received nearly 40 million views globally.
Dr. Altcoin acknowledged past criticisms of the Core Team’s delays but said loyalty to the project remains strong.
“I have never been more confident about the future potential of Pi,”
he wrote.
Consensus 2025 Could Be Turning Point
The upcoming Consensus 2025 conference could act as a catalyst for Pi Coin. Pi Network founder Nicolas Kokkalis is expected to appear at the event. According to Dr. Altcoin, the appearance could help promote the project’s ecosystem and strengthen its visibility in the broader crypto industry.
The Pi community also continues to watch for new listings. Speculation recently rose after HTX shared a cryptic post, hinting at a potential listing. Meanwhile, some users hope for a Binance listing, which could bring more liquidity and attention.
Going forward, the next price movement may depend on how effectively the Pi Core Team manages token supply and improves communication. In addition, utility plays a critical role. As more use cases appear, Pi Coin could potentially see increased demand.
