Can Pi Still Reach $1? The Market Data Paints A Cautious Picture
2025-04-24
The long-held question surrounding Pi Network’s (PI) ability to reclaim the $1 mark continues to attract scrutiny, especially after a volatile 30-day cycle that saw a 31.5% retracement.
Despite a 4.7% rebound in the last seven days, PI remains caught in an indecisive zone—wedged between technical optimism and structural fragility.
Pi Network: Trend Strength Is Rising—but Barely
The Directional Movement Index (DMI) gives us the first clue: PI’s ADX has climbed from 12.24 to 17.17, suggesting trend strength is building.
However, that number still falls short of the pivotal 20 threshold, typically needed to signal a valid, sustained move in either direction.
More revealing is the interplay between the +DI and -DI lines:
• The +DI sits at 25.36, down from earlier highs but still above the -DI at 18.55, suggesting bullish pressure is in command—albeit waning.
• This narrowing spread implies that buy-side conviction is thinning, while sellers are beginning to reconsolidate.
Until this divergence widens again in favor of bulls, the market may remain in a sideways or corrective phase, offering little clarity for traders seeking decisive momentum.
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$PI: Money Flow Signals Caution
Pi’s Chaikin Money Flow (CMF)—a reliable measure of accumulation versus distribution—currently reads -0.06, slipping back from earlier attempts to move into positive territory.
This reversal hints at tentative bullish appetite and a return to net selling pressure.
The market’s hesitance is telling: when bulls fail to hold a zero-line breakout, it often precedes short-term pullbacks or, at minimum, range-bound price action.
Unless CMF recovers and sustains positive values, any upward moves may be short-lived spikes rather than meaningful trends.
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$PI: EMA Alignment Still Signals Bearish Bias
Pi Network’s Exponential Moving Averages (EMAs) continue to flash red. Short-term EMAs remain submerged below long-term ones, forming a bearish stack that reflects persistent overhead pressure.
Until a crossover is achieved—ideally with short-term lines moving above long-term—price rallies will likely face resistance near previously broken support zones.
PI Coin: Critical Levels: Between $0.59 and $0.85
On the downside:
- $0.617 is acting as immediate support.
- A breach could drag PI to $0.59, and if that floor crumbles, a retreat to $0.547 is in play—a level last tested during early January’s liquidity flush.
On the upside:
- $0.789 remains the gateway to any bullish revival.
- A confirmed breakout would put $0.85 in focus.
- Beyond that, reclaiming $1.04 would symbolize a technical and psychological victory, reestablishing the $1 mark last seen in late March.
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So, Can PI Still Hit $1?
The short answer: Yes, but not yet—and not easily.
PI is structurally oversold but technically fragile. Any return to $1 will require multiple aligned factors: rising ADX momentum, a bullish CMF recovery, an EMA reversal, and volume-fueled breakouts above $0.79 and $0.85.
Until then, the asset may remain confined within a broad consolidation channel—a battlefield where bulls and bears continue to clash with no clear winner.
For now, Pi’s journey to $1 remains less a forecast and more a challenge—one that demands confirmation, not speculation.
FAQ
1. Can Pi Network (PI) Realistically Reach $1 Again?
While technically possible, PI’s return to the $1 mark requires clear bullish alignment across several indicators. The market currently lacks sustained trend strength and momentum. Without a decisive breakout above resistance at $0.85, $1 remains a distant target, not an imminent outcome.
2. What Do Current Technical Indicators Say About Pi’s Trend Direction?
The Directional Movement Index (DMI) and ADX suggest weak but emerging trend strength, with bulls maintaining a narrow lead. However, the trend lacks conviction, as the ADX still sits below 20—a key threshold for sustained movement. Without stronger bullish divergence, sideways consolidation may continue.
3. Is Market Sentiment Supporting a Bullish Recovery?
Not yet. The Chaikin Money Flow (CMF) has slipped into negative territory (-0.06), signaling waning accumulation and rising distribution pressure. Until CMF reclaims and holds above the zero line, buyer interest will likely remain too weak to fuel a sustained upward trend.
4. What Key Levels Should Traders Watch Right Now?
Immediate support rests at $0.617, with potential downside to $0.59 or $0.547 if that fails. On the upside, $0.789 is the next breakout trigger. Only a firm move above $0.85, supported by rising volume and indicator confirmation, would set the stage for a legitimate push toward $1.
5. What Needs to Happen for Pi to Break Its Current Bearish Structure?
To break out of its bearish bias, PI needs:
– ADX above 20 to confirm trend strength
– Positive CMF for buyer dominance
– Bullish EMA crossover
– And clean breakouts past $0.79 and $0.85
Until these conditions align, price action is likely to remain trapped within a consolidation range, with risk skewed to the downside.
Disclaimer: The content of this article does not constitute financial or investment advice.
