Pi Network's Token Is Making Headlines After a Sharp 15% Daily Surge

Pi Network's token is making headlines after a sharp 15% daily surge, pushing the Pi price back near the $0.70 mark.

Pi Network’s token has seen a sharp 15% rally in the past day, pushing the Pi price back near the $0.70 mark. This comes after the token hit a new all-time low of $0.407 just days ago. Since then, the coin has bounced strongly, trading up over 50% on the weekly chart.

The surge has also pushed Pi’s market cap to $4.7 billion, placing it in the 31st spot among the top cryptocurrencies. However, while momentum looks promising, there’s a catch. According to reports, 10 million Pi tokens are set to unlock on April 18, which may bring some short-term pressure.

Pi Price Shows Strength After All-Time Low

Pi Network’s token has had a turbulent start to April. After the coin crashed to an all-time low of $0.407 on April 5, it quickly bounced back, showcasing remarkable resilience.

In just a week, the token has shot up over 50%, recovering sharply from its recent lows. Though down 60% on the monthly chart, Pi’s performance on lower timeframes is certainly grabbing attention, especially in an environment where most altcoins continue to struggle.

At press time, Pi Network is trading at $0.6954, showing a 14% gain in the past 24 hours. Among the top 50 cryptocurrencies, it ranks 31st by market cap and boasts impressive 24-hour gains, second only to BONK among the top 50.

The current rally follows a broader rebound across altcoins after last week’s news of Trump planning a trade war jolted the markets. However, with new U.S. jobs data showing strength and the potential threat of a government shutdown looming, traders remain cautious.

According to reports, 10 million Pi tokens are set to unlock on April 18, which may add some selling pressure, especially if holders decide to liquidate en masse. Nevertheless, today’s rally has brought renewed optimism within the Pi Network community.

With many hoping for a breakout, the token’s next move may depend on whether it can hold current support levels or break above its recent resistance. The coming week could be a make-or-break moment for Pi coin as it fights for a spot in the top 30 crypto assets.

Pi Price Actions on April 12

The trading day of April 11th started with a continuous overbought situation. The RSI indicator flashed multiple overbought signals, highlighting sustained buying pressure.

At 21:00 UTC, Pi price hit resistance at $0.6197. However, by 22:55 UTC, the price spiked through resistance despite being overbought, entering a new trading range. At 23:55 UTC, the MACD line formed a golden cross, signaling upward momentum.

As the price moved into April 12th, an overbought signal at 4:25 UTC led to a new resistance level at $0.7122. Interestingly, the previous resistance at $0.6197 flipped into a strong support zone.

Chart 1, analyzed by ShwetaCW, published on TradingView, April 12, 2025

Later, at 8:15 UTC, the MACD showed a death cross, hinting at a potential downtrend. But shortly after, another golden cross emerged, reviving bullish sentiment.

According to Pi price prediction, if the bullish momentum continues, it could break the $0.7122 resistance and possibly target the $0.7500 zone. However, if the trend reverses, the $0.6197 support could give way, with a potential drop toward the $0.5800 area.

What’s Next for Pi Price?

Pi Network’s comeback has sparked fresh optimism, but caution is still in play. With the Pi price hovering near $0.70, bulls are watching the $0.7122 resistance closely. A successful breakout could open the path to $0.80 or higher.

However, the upcoming unlock of 10 million Pi coins on April 18 could trigger selling pressure and test support at $0.6197. For now, Pi coin is holding strong, but traders should stay alert. The next few days will decide whether Pi Network builds on this momentum or faces another pullback.