The price of the distinctive symbol of the PI (PI) was in a declining direction, as it reached a new monthly level of $ 0.5376 on April 4, a decrease of 69 %. This continues to decrease the sharp PI price from March Peak, which raised fears among investors. However, technical indicators indicate a possible recovery in the short term, although the broader challenges may limit any major recovery.
Will the Coin Network Coin wear?
The RSI has decreased for the PI network currency to less than 20, indicating the conditions for selling on the hourly chart. Usually, when the relative strength index in this area falls, a short -term freshness may follow. Historical trends in the market show that such excessive conditions often lead to temporary recovery.
Any pi -resistance recovery is expected to face a strong resistance near 0.6817 dollars to $ 0.6915. This level was once supported, but it has now turned into resistance due to the contraction of the last price. The rest over this resistance is likely to have a stronger crowd, although the broader market environment may still limit the scope of any recovery.
In addition to RSI, the flow of Chaikin (CMF) is currently at -0.23, indicating the flow of negative money. This indicates that the pressure pressure remains dominant, and there is a capital that flows more than the distinctive symbol than the entry.
The wider market factors can limit the capabilities of apostasy
Although technical analysis shows that the PI network is likely to bounce from the current levels, the factors in the broader market may interrupt the healing of the PI network. Currently, the appetite of risk for investors is relatively low to moderate, most of whom prefer investing in less popular assets of investing in other cryptocurrencies including PI. Moreover, the prolonged trade conflict between the United States and the rest of the world, as well as the instability of the overall economy, also contributed to the pressure on the encryption market.
From the inside, the PI network still suffers from a number of problems such as slow features and doubts about its preparation for the Mainnet version. Some critics of the Pi Core team include that leadership cannot deal with the increasing challenge of the project that has been expanded over the years since 2019.
Pidaoswap expressed its frustration due to the delay of the KYB process that was pulled, although its platform was already developed. This painful slowdown not only affects the pioneers (with KYC approvals and Mainnet deportation) – it strikes the same ecosystems in an attempt to build on … pic.twitter.com/tqpeQ8Ox6
– PI network – Mainnet (@pi81mall) April 4, 2025
The internal factors associated with other market conditions may hinder the entire PI network in the short term. Despite the positive expectations made by Craig Stephen Wright and others, society constantly complains about the lack of transparency, the slow KYC integration, and the restricted access to third -party developers. Until these problems are fixed, even if prices are recovered, they may be just a temporary phenomenon.
Will the exchange lists the price of the PI network currency?
PI’s general market activity was steady and has now taken a promising turn. The trading volume increased to $ 478 million, an increase of more than 76 % compared to its previous level. This is a clear indication that many invest in the current declining direction, pending better indications of improving market performance.
However, there is one drawback that may have an effect on the increase in optimism – the fact that the PI network has not been included in the Binance vote on the list. Currently, in the second stage of voting, Binance only allows projects related to BNB to vote.
Without the main platforms such as Binance or Coinbase, the PI network can continue to face challenges to attract new investors. This absence from the large stock exchanges indicates that the price of PI may struggle to maintain ascending momentum in the coming weeks unless it gives new lists or makes great progress with its platform.
Command and society interests
Pi Core members are under pressure from the PI network. Most people believe that driving is far from events within the network.
Although more than 125,000 sellers participated in the Piffest event, some community members feel that the primary team has failed to respond to some deep issues such as Mainnet delays, slow Kyc, or no lists.
One of its critics claims that the PI Core team must start with a transparent disclosure of information, as the monthly updates now seem artificial and do not reflect the main issues facing societies. Some of the recommendations that were made regarding the project include decentralization in the decision -making process to enhance accountability.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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