Pi Network (PI) Price Rises to $0.70 Over the Weekend, Trading Volume Nears $1 Billion!

Updated

April 7, 2025

Gambar Pi Network (PI) Price Rises to $0.70 Over the Weekend, Trading Volume Nears $1 Billion!

Jakarta, Pintu News—On April 5, 2025, Pi Network (PI) experienced a significant price increase amid a sluggish crypto market. Pi Network’s price reached $0.64, with a daily peak of $0.701.

Trading volumes over the weekend reached almost $1 billion, signaling a significant increase in volatility. Will this increase continue? Let’s examine it further.

Check out the full analysis here!

Pi Network’s Rise Amid Increased Trading Volume

Pi Network’s price today showed a significant increase, with trading volume jumping 92% on April 5, 2025 to $920 million.

This volume increase is higher than that of other popular altcoins such as Cardano , which had a trading volume of $843 million.

This increase in trading volume is one of the main factors behind Pi Network’s price increase. Nonetheless, Pi Coin still faces some challenges. According to a recent report from Coingape, a sharp drop to $0.1 is possible.

Bearish factors, such as a lack of listing on major exchanges and selling by early miners, may put additional selling pressure on this altcoin.

Also read: Analyst Javon Marks Predicts Shiba Inu (SHIB) Price Could Skyrocket Up to 550%!

Does a partnership with Banxa Support the rise of Pi Coin prices?

Pi Network recently announced an official partnership with Banxa, making it easier for traders to purchase these tokens using fiat currency. This partnership may be one of the drivers behind Pi Network’s recent price increase.

However, some community members believe that the Pi core team needs to work harder to increase value. Dr. Pi Coin, a community member, emphasized that the Pi community needs to accept the current reality.

According to him, the deeper the price drop, the longer it will take to return to the previous high. One quick solution he suggested was the burning of billions of Pi Coins by over 20,000 Pi Foundation wallets.

Technical Analysis of Pi Network

Pi Network’s one-hour price chart shows a surge in buying activity. The Relative Strength Index (RSI) has surged to 73, marking the highest level in weeks. This indicates that the short-term momentum is very bullish.

The Moving Average Convergence Divergence (MACD) indicator also shows a similar outlook after turning positive. These bullish indicators support the positive price prediction for Pi Network tokens.

If this rise continues, the target price for this token is the 161.8% Fibonacci level at $0.90. Pi Coin might start a rally past $1 if it reaches this target.

Conclusion

Pi Network’s price increased significantly today due to a surge in buying activity, with trading volume approaching $1 billion. If the buying activity continues, Pi Coin may surge to $1 if it crosses resistance at $0.90.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News for the latest updates on crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference