Pi Network price has surged more than 9% today

Pi Network price has surged more than 9% today amid a broader crypto market recovery. Besides, it also comes in tandem with the market expectations

Pi Network price surged more than 9% on Tuesday amid a broader crypto market recovery. The crypto has also seen increased activity in recent times, with its one-day volume falling 37% to $298.5 million.

Pi Network Price Soars: What Lies Ahead?

Pi Network price rose 8.7% in the past 24 hours and traded at $0.59 at press time. Its one-day volume also fell by 36.8% to $298.5 million.

Further, the crypto’s price ranged between $0.5375 and $0.6102 in the past 24 hours, reflecting the volatile scenario in the market.

However, this latest recovery indicates that the market participants are regaining their confidence in the asset. Besides, the low Pi Coin unlocks this week have further bolstered investors’ sentiment, which could have helped in the recent gains of the token.

A Quick Tour Of Pi Network Unlock

According to PiScan data, an average of 1.5 million Pi tokens will be unlocked through April 11. Over the next 30 days, the highest unlock will be on April 18 of around 9.8 million Pi, which is worth $5.7 million at the current price.

Notably, the data also showed that a total of 160.74 million Pi tokens will get unlocked in the next 30 days, which is valued at around $93.77 million.

Considering that, the experts have urged the Pi Core Team to burn tokens to offset concerns about this heavy inflow into the market.

So, if the team manages to burn tokens or reveal any major announcement, it could trigger a strong rally in the asset’s price. Besides, the soaring adoption of Pi Network has further fueled investors’ confidence.

What’s Next?

Amid the ongoing recovery, a top expert said that Pi Coin price is expected to reach a new all-time high, sparking market optimism.

For context, renowned crypto analyst MOON JEFF has forecasted that the Pi Network price will surge to $3 by June. This optimistic projection comes amid a tumultuous market, with PI’s value currently experiencing a downturn since February 27.

Despite the bearish trend, MOON JEFF remains confident that PI will rebound and break through resistance levels once global trade tensions ease. According to the analyst, the Pi Network price’s potential is vast, with possibilities extending beyond current all-time highs.

This optimistic prediction from a respected analyst could spark interest in PI and drive up its price. However, it’s crucial to note that crypto markets are known for their volatility, and such bold predictions should be approached with skepticism.

Investors will be closely watching to see if PI can sustain this rebound and break into new price territory in the coming months, as signaled by MOON JEFF’s prediction.