Pi Network Tumbles 4% Today — Is a $5 Breakout Still Possible?

Updated

April 28, 2025

Gambar Pi Network Tumbles 4% Today — Is a $5 Breakout Still Possible?

Jakarta, Pintu News – The price of Pi Network (PI) has dropped by 26% in the past month, following a downward trend that most new altcoins have also experienced.

However, if this trend reverses from today and Pi Coin records a consistent increase in retail interest to the point of driving 10% growth every month, how long will it take for this token to reach a price of $5? Let’s find out.

Before that, let’s take a look at the current Pi Network (PI) coin price movement first!

Pi Network Price Drops 4% within 24 Hours

On April 28, 2025, the price of Pi Network decreased by 4.0% and is now trading at around $0.6202. If converted to rupiah at the current value, which is $1 = IDR 16,861, the price of Pi Network to rupiah is around IDR 10,454.

In the last 24 hours, the price of PI has moved in the range of $0.611 to $0.6458, with selling pressure seemingly dominating market movements. Pi Network’s market capitalization now stands at $4.31 billion, while its fully diluted valuation stands at $6.64 billion.

Trading volume in the last 24 hours reached $76.35 million, signaling significant activity amid the price drop.

When will the price of Pi Network reach $5 with a 10% increase per month?

If the price of Pi Network increases steadily by 10% every month starting from today, it will reach around $0.71 in the next 30 days. By the end of this year, the altcoin is expected to rise to $1.39.

However, to reach the $5 price target, Pi Network needs about 22 months, or almost two years. This means that the $5 target could be reached in February 2027.

While this target is realistic and feasible, maintaining 10% growth every month is quite difficult, given the high volatility in the crypto asset market.

However, a price increase towards $5 remains a potential as Pi Network has many catalysts supporting a bullish price outlook.

The first catalyst is a listing on a crypto exchange. As recently surfaced, the Pi Network community was abuzz with rumors that HTX would soon list Pi Coin.

If this rumor becomes a reality, it will most likely be followed by listings on major exchanges such as Binance and Coinbase, which could boost demand for Pi Coin and hoist the price to record highs.

In addition, Pi Network is also one of the sponsors of the Consensus 2025 event, which will be attended by major institutions such as BlackRock. Exposure to such a large audience is an additional positive sentiment for PI and could potentially trigger a strong upward trend towards $5.

Pi Network Technical Analysis: Wedge Pattern Signals a Potential Breakout

On April 26, 2025, the price of Pi Network was on the verge of breaking the resistance of the falling wedge pattern on the hourly chart. If this breakout occurs and PI manages to break out of the pattern, the nearest resistance level is at $0.706.

A strong close above this level would open up an upside opportunity towards $0.706, signaling a 10% upside move.

Meanwhile, the Chaikin Money Flow indicator started to show a rise although it is still in the negative zone, signaling that the bearish pressure is starting to weaken. This supports the potential for a bullish breakout in the near future.

However, traders should take note of the RSI line which is showing a bearish divergence and has started to decline, which is a sign that the potential uptrend formed may be weak due to the lack of strong buying pressure.

Although this hourly price chart shows mixed sentiment towards Pi Coin, and indicates that price movements are still quite volatile, the $5 price target could still be reached within the next two years.

The target is considered realistic, especially when considering the potential listing on major exchanges and increased adoption. Even so, consistent growth of 10% per month remains difficult to achieve due to the volatile nature of new tokens.

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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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