In the latest Pi news, 5.6 million Pi Network tokens are set to unlock today. This significant event is predicted to bring a wave of fresh market action. The cryptocurrency currently trades around $0.63, with strong support close by. The Pi Mainnet Migration Roadmap was also released recently and has evoked mixed reactions from the community. Some analysts have also continued to hold their bullish stance. Pi Network’s founder, Nicolas Kokkalis, will be a speaker at the Crypto Consensus 2025. Investors expect Kokkalis to clear the air surrounding the roadmap, which could lead to renewed optimism for Pi. Given the rising market interest, let’s take a look at the latest Pi price analysis to make a short-term prediction.
Pi Coin Price Analysis of the Last 24 Hours
Yesterday, Pi Coin trading began at $0.6507. The RSI was seen around the midline. The coin soon went on to test the $0.6541 resistance but failed to break through in the absence of buying pressure. An extended trading range formed as Pi tried to muster an upward breakout, testing the upward resistance multiple times. However, with each of its upward advances, the RSI also spiked towards the overbought zone. The trading range continued till 05:45 UTC in the morning, when Pi Coin finally succumbed to the bearish pressure. A death cross formed around 05:35 AM as Pi dipped to $0.6394.
Chart 1: published on TradingView, April 21, 2025
It stabilized briefly, with the oversold RSI countering further selling pressure. However, at 7:30, the slump continued as Pi fell to $.6306. A period of consolidation followed again, eventually ending with Pi finding its 24-H low of $0.6178 at 11:30. With the coin oversold again, a bullish reversal was on the cards. At 11:50 UTC, a wide golden cross formed, and Pi ascended rapidly to $0.6281. Correction followed, but an overall uptrend continued. But Pi’s advances plateaued around $0.6284.
However, it is worth noting that the support trend line kept rising despite the resistance holding stable. This led to forming a bullish triangle, corroborating a Pi coin breakout. At 15:55, another golden cross occurred, and Pi continued to ascend. Although short corrections followed, Pi reached $0.6393. A short correction followed, but Pi rose rapidly to $0.6492. At 20:25, the RSI also reported overbought levels for the coin. Twenty-five minutes later, a massive death cross formed as Pi eventually slumped to $0.6358. Correction soon followed, leading Pi coin to $0.6474.
Pi Price Action Today
Pi climbed to $0.6474 by 00:50 UTC. However, it has been on a downtrend ever since. At 1:20, it attempted a quick trend reversal, but the general downtrend continued as the buying pressure dropped on the RSI. This downtrend was also validated by the 1:00 UTC death cross that dominated the Pi price movement the entire morning. As of the last update, Pi was recovering from the extended fall, trading at $0.6387.
Pi Price Prediction: Is a $0.65 Valuation Possible Today?
The Pi price action has been relatively slow and trend-driven since the 14% crash after the Mantra collapse. The recovery has been gradual and has seen sharp corrections as well. Even today, it is worth noting that any uptrend has met sharp corrections on the way. The extended upward trend from yesterday is also currently facing correction. This means that bearish forces have the upper hand in the market. The RSI also reacts quickly to buying pressure, affirming the bears’ control. Given that, a trading range could be on the cards today. If buying pressure supports it adequately, Pi price could go on to at least test the $0.6500 resistance.
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