Pi Coin Surges 23% on Exchange Listing Hopes, Network Upgrades
2min read On April 12, 2025, pi coin experienced a significant price surge, climbing over 23% amidst growing anticipation of a potential listing on a major cryptocurrency exchange. This surge was driven by a combination of factors, including the launch of Satellite Mode, a major upgrade in the pi Network ecosystem, and increasing real-world adoption of Pi Coin. The launch of Satellite Mode is a bold step towards enhancing the network's functionality and utility, which has been a key driver of the recent price rally.
The price increase was also influenced by the broader market sentiment, with possible Federal Reserve rate cuts and surging buying pressure contributing to the uptrend. The four-hour Pi Coin price chart showed an ascending triangle pattern, indicating a bullish trend. This pattern, along with the recent upgrades and real-world adoption, has renewed optimism within the Pi Network community.
The recent price surge has pushed Pi Coin's market cap to $4.7 billion, placing it in the 31st spot among the top cryptocurrencies. However, there are potential challenges ahead. Analysts are watching a potential unlock of 10 million Pi tokens scheduled for April 18. This influx could increase selling pressure and weigh down the Pi price, especially if holders rush to liquidate. Despite this potential challenge, the current rally has renewed optimism within the Pi Network community, with many hoping for a breakout.
The trading day of April 11th started with a continuous overbought situation, with the RSI indicator flashing 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.
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.
Ask Aime: What factors drove the significant price surge of Pi Coin, and what are the potential implications for its market cap and future price trajectory?
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.
