Is Pi Network About to Hit $1? Bitcoin Might Hold the Answer!

Updated

April 18, 2025

Gambar Is Pi Network About to Hit $1? Bitcoin Might Hold the Answer!

Jakarta, Pintu News – Pi Network was one of the biggest winners of the weekend thanks to Bitcoin’s $85,000 price surge, recording a sharp 43% rally to $0.78-confirming its position as one of the leading altcoins.

The returning positive market sentiment, especially after Trump’s decision to delay the new tariffs for 90 days, boosted retail liquidity into the market.

PI has been one of the assets that has benefited the most, even returning to the spotlight in the debate over the “best crypto to buy”.

However, this momentum started to weaken due to the new escalation in the trade war between the United States and China. Entering the new week, BTC and PI prices corrected, dropping to $83,500 and $0.61, respectively.

Why is Pi Network Highly Correlated with Bitcoin?

The Pi ecosystem as a whole still faces challenges in terms of adoption. PI price movements are still largely speculative, as there are no strong tangible uses yet to drive long-term growth.

In addition, Pi Network faces hidden demand barriers, given that major exchanges such as Binance have yet to list the coin, despite previously receiving 86% support from community votes.

Because of this, PI tends to experience high volatility and short-term selling pressure. While most altcoins do move with Bitcoin’s trend, PI’s price movements are more extreme and highly sensitive to changes in Bitcoin.

PI Coin Price Analysis: Can Pi Network Touch $1 This Week?

Pi Network has the potential to reach the $1 price again after successfully breaking out of the descending channel pattern that has restricted its movement since late February.

Although the initial momentum of the breakout was weakened by pressure at the 20SMA (20-day Simple Moving Average) resistance, the technical pattern still holds and projects a potential upside of up to $1, or about 60% of the current price.

In the short term, however, PI appears vulnerable to further downward pressure.

The Relative Strength Index (RSI) was rejected at the neutral line and dropped deeper into bearish territory at 40, signaling selling pressure still dominates in the near term.

Meanwhile, the MACD indicator is also showing a negative trend. Although the MACD line has not fully broken below the signal line, the weakening momentum opens up opportunities for a deeper correction before a downtrend is fully established.

Reporting from Crypto News (4/16/25), currently, the retest of the upper limit of the channel is a crucial point. If this level is able to survive, there is a chance of a bounce towards the 20SMA. Conversely, if it fails to survive, the technical pattern that has been supporting the rebound opportunity may become invalid.

Therefore, if the Bitcoin price experiences a further decline, there is a risk that the Pi Network price will also be depressed.

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*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.

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