Current price of Pi Network is holding support near $0.61

Pi Coin News: April will see 108.9 million PI tokens unlocked, including daily releases of 5–6 million tokens, which could weigh heavily on price action.

Pi Network (PI) cryptocurrency is coming into focus again as analysts spot a sharp uptick in Pi Coin price momentum and interest.

After breezing past the $0.60 mark, many anticipate the Pi crypto price to be preparing for a potential move toward the $1 level, although opinions vary on the timing.

Pi Network Price Shows Strength As Bullish Indicators Turn

Crypto analyst Xia recently highlighted a rapid rise in Pi Coin’s momentum, highlighting its price jump past $0.63 and a local high of $0.6441. She noted that trading volume is showing strength, and key technical indicators like the RSI and MACD are turning bullish, which could hint at the start of a larger upward trend.

Xia also cited Pi’s strong ecosystem activity. During the recent Pi Fest, over 1.8 million users participated, with more than 58,000 sellers contributing to network engagement. She posed the question as to why traders remain somewhat hesitant about Pi despite these promising fundamentals.

However, analyst Dr. Altcoin offered a more cautious outlook, warning that Pi could face sharp corrections if certain issues are not addressed.

Drawing lessons from the recent OM price crash, he outlined three key moves that the PiCoreTeam should take to protect Pi Coin’s price.

Firstly, he recommended expanding the number of KYB-approved exchanges and enabling broader market access, including platforms like OKX in restricted regions. Secondly, he called for more institutional buyers to absorb the Pi supply, suggesting firms like BANXA as potential large-scale buyers. Finally, he stressed the importance of regular updates from the Pi Core Team, including new partnerships or product rollouts that could boost demand.

Pi Network Price Prediction

Analyst Moon Jeff observes that Pi Coin is holding its $0.61 support well and could be poised for a move back to $1 if momentum continues. Another analyst, PiNewsZone, suggested that Pi would become “unstoppable” once it breaks above $1, encouraging users to accumulate during this phase.

However, the biggest headwind for Pi Coin isn’t just technical. According to Pi scan, as of April 17, over 108.9 million PI tokens are scheduled to be unlocked during the month, putting further pressure on the already struggling coin.

On April 16 alone, 2.8 million PI were released into circulation. The unlocks will continue daily, with between 5 to 6 million tokens being unlocked each day. For instance, 5.74 million tokens are expected to be unlocked on April 20, followed by 5.14 million on April 21 and 5.91 million on April 22.

All these factors could push Pi Coin sharply higher if momentum sustains, and investors are watching every move it makes closely.