- Pi Coin is gaining momentum with strong technical indicators and ecosystem activity, sparking hopes of a breakout above $1.
- However, a massive 108 million token unlock in April poses a serious risk of downward pressure on the price.
The Pi Network is making waves again in the crypto market, with its price recently climbing past the $0.60 resistance level. Currently hovering around $0.6123, the token has seen a 1.55% gain, becoming one of the top gainers. Now, the big question is whether Pi can ride this bullish momentum to breach the $1 mark—or if a looming 108 million token unlock will pull it back to earth.
Crypto analyst Xia points to rising technical indicators and trading volume as evidence that Pi Coin might be preparing for a bigger breakout. According to her, indicators like RSI and MACD are flashing bullish signals. She also highlighted the strong ecosystem engagement, particularly the success of Pi Fest, which saw participation from over 1.8 million users and 58,000 sellers.
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But not everyone is fully convinced. Analyst Dr. Altcoin warns that the Pi Core Team must take swift strategic action to avoid a steep correction. He recommends three key steps: expand KYB-approved exchange listings, attract institutional buyers like BANXA, and provide consistent updates and partnerships to maintain investor confidence.
The biggest concern, however, is the massive unlock of over 108.9 million PI tokens throughout April. On April 16 alone, 2.8 million tokens entered circulation. From April 20–22, daily releases will range from 5.14 million to 5.91 million—potentially flooding the market and driving down prices unless absorbed by demand.
Despite the risks, optimism persists. Analyst Moon Jeff sees strong support at $0.61 and believes that if Pi breaks above $1, it could enter a new growth phase. PiNewsZone even described Pi as “unstoppable” once it surpasses that threshold.
For now, Pi Coin is walking a tightrope between bullish momentum and a potential supply shock. Whether it breaks out or breaks down may come down to how well the Pi Core Team navigates the weeks ahead.
