All Eyes on Pi Network: Is a Hidden Signal Predicting a $1.83 Pi Price Surge?

The Pi token price has followed the rest of the crypto market bullish movement today. As such, the Pi coin price surged to $0.5920 today, marking a 4.23% daily increase. The Pi token had a few bearish days before this surge; however, there had been signs of this reversal’s arrival. This is because the Pi Network price movement was showing a falling wedge pattern. Such formations have been historically seen before a bullish reversal happens. The reversal usually happens as the wedge’s two trendlines get closer to confluence, also requiring an increase in trading volume.

Is Pi Network Finally Bouncing Back?

Based on today Pi news, despite the daily growth, the weekly losses for this token are too heavy. As such, today, Pi Network price shows a 5.97% weekly decline in value. Additionally, we also see a staggering 56.99% 30-day loss. The Pi token currently trades 80.17% lower than its all-time high of $2.99, which it hit on Feb 26. However, as of today, with the start of the bullish price movement, the Pi token has reignited community interest. Additionally, after today rally, Pi has been consolidating, showing potential for further bullish movement. 

What Are the Key Technical Signals Suggesting a Pi Rally?

The Pi Network price movement shows a 5-wave Elliott impulse close to the $3 price point. Additionally, as mentioned, we also have the formation of a descending wedge with a low of $0.38. Both of these indicate a bottom near the $0.54 level for the Pi token. Before the breakout, we also saw Pi 4-hour Relative Strength Index fall to the oversold range. This low RSI can also historically be a signal for an incoming bullish reversal. Moreover, we also saw a wave “e” completion, which means that the previous correction phase has ended. 

Can Pi Coin Price Hit $1.83 in the Next Bullish Reversal?

Another signal for a bullish reversal we could see was the Fibonacci retracement level of 0.786 placement near $0.56. If the trend reversal continues, we could see Pi coin price surge to $1.83 at the 0.382 Fibonacci retracement. Our Pi token price prediction shows a rally to the 0.5 Fibonacci levelis also possible, which, represents the $1.47 price point. 

Chart 1 – Provided by Nikola Lazic, published on TradingView, April 10 2025

As you can see in Chart 1, a Wave (i) has formed and reached a peak of $0.80. Additionally, we can also see a correctional wave (ii) which is moving in the range of $0.54–$0.60. If the Pi price action leads to a breakout from this channel, we hope for a rally to $1.13. In the Pi token price prediction, we can see two other possible targets. First is  $0.904, which shows the 1.0 level, and a bit higher target is $1.00 near the 1.272 Fibonacci.

Is This the Start of a New Bull Market for Pi Coin?

The 1-hour RSI seems to be in the neutral zone, which can be a good sign before a bullish rally. Pi is ready for another breakout based on the technical indicators and mostly the Wave theory. The wave theory suggests that soon we might see a wave (iii), which could send the price towards $1.12. However, this prediction only stands true as long as Pi stays above the $0.54 level. Additionally, with the markets now coming out of a stressful bearish trend, investors are yearning for bullish momentum. As such, positive Pi news could be the catalyst for the next breakout.