Pi Network (PI) Price Prediction: Targeting $0.85, $1.23, and $1.55 as Trading Volume Surges

Pi Network (PI) price dropped 3.5% in the 24-hour period to Sunday morning, falling below the $0.60 level once again. The token faced strong resistance at the 50-day Simple Moving Average (SMA) of $0.82.

Breaking above this level would be a key technical achievement that could signal a trend reversal for the token, which has been struggling to recover from its March highs.

The cryptocurrency is now trading at around $0.58, down more than 10% over the past week and about 80% below its all-time high of $2.99.

While the price decline is significant, there are several indicators that suggest a recovery might be on the horizon.

Trading volume has jumped 35% to $128 million in the last 24 hours, as seen on the cryptocurrency exchange FTX. This increased activity during a price dip often indicates accumulation at lower levels and renewed interest in the token.

Moreover, the current price action places PI near the lower Bollinger Band, suggesting possibly oversold conditions that could lead to a bounce.

The Relative Strength Index (RSI) stands at 38.7, approaching but not yet in oversold territory, which is RSI 30. This provides room for further price movement in either direction.

Early signs of positive divergence are also appearing in the Moving Average Convergence Divergence (MACD) indicator, potentially signaling a shift in momentum.

Analyst Trader Edge on X says – PI held strong at the key $0.50 support on Saturday, backed by a surge in buying volume. Bulls now eye the Point of Control at $0.65 – the biggest resistance zone with the highest volume since launch.

A flip to support here could open the door to targets at $0.85, $1.23, and $1.55. Continued market strength will be crucial for a sustained rally.

PI Network $PI bounced off key support at $0.50 on Saturday with strong buying volume.

Bulls need to flip the Point of Control (highest volume since launch) at $0.65 into support for more upside.

This should open the door to higher targets – $0.85, $1.23, and $1.55 🚀 pic.twitter.com/xt9PPWMdVm

— Trader Edge (@Pro_Trader_Edge) April 30, 2025

Technical Resistance and Support Levels

The post Pi Network: Key Support Holds, Point of Control Next Target for Bulls appeared first on Benzinga.

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