While recent market trends have been turbulent, some analysts remain optimistic about the potential for a strong recovery in April.

BTCC Listing Sparks Optimism for Pi Network

In a recent announcement, BTCC Exchange confirmed the listing of Pi Network Coin for spot trading. Exchange listings are often seen as a bullish signal, as they can boost liquidity and attract new investors. Following the news, Pi Coin value saw a modest 1% increase, trading at approximately $0.7184. The cryptocurrency recorded a 24-hour high of $0.7535 and a low of $0.6806.

BTCC announces Pi Network Coin listing for spot trading. Source: BTCC via X

Despite this slight recovery, Pi crypto has faced significant losses in recent weeks. The token has declined over 22% in the past seven days and has dropped by more than 60% on a monthly basis. The steep sell-off was largely driven by high token unlock volumes in March, along with a lack of major announcements from the Pi Core Team.

Pi Network price is currently holding the minor support near $0.71, with the RSI hitting the oversold zone. Source: TradingView

However, many investors view the BTCC listing as a potential game-changer. Analysts suggest that broader exchange support could improve Pi cryptocurrency value by increasing its accessibility to traders worldwide.

Why Pi Coin Price Could Rebound in April

Several factors indicate that Pi Network’s price may be set for a rebound:

1. Reduced Token Unlocks in April

One of the primary reasons for Pi crypto’s recent downtrend has been the large number of unlocked tokens flooding the market. However, data from PiScan shows that April will witness the lowest token unlock volume in months.

Only 124.32 million Pi tokens will be unlocked this month, significantly lower than May (182.37 million), June (222.68 million), and July (233.37 million). From April 7 to April 11, daily unlocks will drop to 1.5 million tokens, potentially easing selling pressure and stabilizing Pi Coin market conditions.

2. Bullish Technical Indicators

Despite recent losses, technical analysts have identified signs of a potential recovery. A double-bottom formation at the $0.7663 price level suggests a possible trend reversal. Additionally, Pi Coin has found support at the 78.60% Fibonacci retracement level, a historically significant zone for price rebounds.

Momentum indicators such as the RSI and MACD also display bullish divergence, hinting at increased buying pressure. If Pi crypto price successfully breaks out from its current wedge pattern, analysts predict a potential surge of up to 135%, which could push Pi Coin price beyond $1.

3. Exchange Listings and Community Demand

Pi Network trading activity has been restricted due to the absence of major exchange listings. While BTCC’s listing is a step forward, many in the community are eagerly awaiting a Pi Network Binance listing.

A recent poll conducted among Binance users showed strong support for adding Pi currency to the exchange. If Binance or other top-tier platforms decide to list Pi Network Coin, it could lead to a significant price surge, similar to the 200% increase seen with Orca following its Upbit listing.

4. Potential Token Burn

Speculation has emerged regarding a possible Pi Network token burn, which could help reduce supply pressure. By removing a portion of unclaimed Pi tokens from circulation, the Pi Core Team could enhance scarcity and boost Pi cryptocurrency value. While no official confirmation has been made, such a move would likely strengthen investor sentiment and support long-term growth.

Price Prediction: Can Pi Network Hit $1?

Given the current market conditions, opinions on Pi token price predictions remain divided. While some analysts believe Pi Coin worth could still decline to $0.64 before recovering, others argue that April’s reduced token unlocks and improved market sentiment could fuel a rally toward $1 and beyond.

Pi Network price could rebound from the $0.64-$0.71 support zone and initiate a fresh bullish move targeting $1 resistance. Source: Kevinraj1120 on TradingView

Crypto analyst Crypto Jex recently shared a bullish outlook for Pi Network, noting that the token is forming an ABC recovery pattern within a key accumulation zone. Jex outlined potential price targets of $0.95-$1.00, $1.30-$1.50, and $1.80+, provided that buying momentum increases.

Coincodex forecasts Pi Coin to reach $2.73 by April’s end, $2.88 by June, and $27 by 2050. Source: Moon Jeff via X

Meanwhile, the broader cryptocurrency market remains volatile, and investors are advised to exercise caution. While Pi crypto news suggests a promising outlook, the long-term trajectory of Pi currency will ultimately depend on further exchange listings, community adoption, and key developments from the Pi Core Team.

Final Thoughts

Pi Network’s BTCC listing has injected new hope into the Pi Coin market, but whether this alone will propel the price to $1 remains uncertain. Factors such as reduced token unlocks, technical bullish signals, and potential exchange listings could contribute to a rebound. However, with market volatility still at play, Pi Coin investors should keep an eye on upcoming developments before making any significant moves.