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Pi continues moving downtrand? detail here:
On April 3, 2025, Pi Network’s native cryptocurrency, Pi Coin (PI), is trading at approximately $0.680886, reflecting a slight decline of 0.04773% from the previous close.
Recent Downtrend:
Pi Coin has experienced a significant downtrend since its peak of $3 in late February 2025, marking a decline of approximately 78%. This decrease is largely attributed to substantial sell-offs following the completion of Pi Network’s migration deadline on March 14, 2025.
Potential for Reversal:
Despite the recent downturn, technical analyses suggest the possibility of a bullish reversal. A “falling broadening wedge” pattern has been identified, which often precedes price increases. If this pattern holds, analysts project that Pi Coin could rise to around $1.19 by April 2025, representing a 45% increase from current levels.
Market Outlook:
The recent listing of Pi Coin on the BTCC Exchange has sparked discussions about its potential impact on price. Some analysts anticipate that this development, coupled with reduced token unlocks and improved market sentiment, could drive Pi Coin toward the $1 mark. #PI #BTC #ETH #GT