Pi Network News: Bullish Signals from PCM Wallet Upgrade — Could Pi Coin Price Surge to $2.52 in April?

Today, March 31’s Pi news presents an interesting development in the Pi token’s market. Recently, we had the announcement for the PCM Wallet app’s updates, which will help Pi users manage their capital efficiently. Based on Pichain Global’s post, the new PCM wallet app has been rebuilt with enhanced user experience. The PCM wallet has now been remade using Flutter, streamlining the user interface and Pi transaction. There are also some technical bullish signals which point to the possibility of a reversal in the Pi coin price. 

Pi Network Unlocks Withdrawals – But There’s a Catch

There are two main updates coming to this wallet app. First is the usage of muxed accounts, which allows Pi Network users to deposit and manage their tokens. Additionally, users will now be able to withdraw their Pi tokens; however, there is a 200 Pi limit. However, the Pichain global clarified that this limit was only temporary, ensuring a stable and unproblematic launch for the wallet. Although community members were excited about these enhancements, some users remained cautious. The critique was mostly about the KYB (Know Your Business) registration, which was added to the app to “strengthen its ecosystem”. 

The PCM wallet functions as a non-custodial wallet, which allows for global transactions and payments, presenting cost-effective and efficient services. This app prioritises security and safely connects users to the PiChain ecosystem. The Pi network also allows users to mine Pi with mobile phones, which has contributed to the hype behind this token. As of now, the Pi token stands as the 29th biggest crypto based on its market capitalisation of $5.163 billion. This cryptocurrency is now being traded at 20 exchanges with a daily trading volume of $159 million.

Bullish Signals for Pi Network: A Breakout is Coming Soon?

Despite this exciting Pi news and upgrade in user experience, the token’s price has been going down for a few weeks now. This prolonged bearish trend has been attributed to an influx of Pi tokens in the market. However, some speculation about the Pi network’s token burn system has reignited hope for a bullish reversal. Additionally, there are also certain technical indicators and price movement patterns that make a bullish reversal likely. 

Chart 1 – Provided by DEXWireNews, published on TradingView, March 31 2025

As seen in Chart 1, we can now see a falling broadening wedge pattern on the Pi’s price chart. Such a pattern has historically been seen before a breakout in the price. If this signal proves to be correct, the crypto analyst DEXWireNews suggests that Pi could reach $2.52 in April. This is more than a 282% increase from the current value. As the token holds above the $6.8 support, other technical indicators also affirm a future Pi coin price growth.

Bullish Momentum Brewing for Pi Coin – RSI Say Yes

One of the main bullish indicators is the Relative Strength Index, which is showing near oversold conditions for Pi coin. This means that the token right now is undervalued, and with a positive fundamental catalyst, it can reach balance again. Additionally, the volume histogram is also showing green condition now, meaning that the buying interest is increasing. If we witness a strong bullish fundamental development in the short term, we can expect a price increase to $3.5.

Will the New Wallet Spark a Pi Revolution in Crypto Utility?

The future of the Pi network and its native token’s price movement remains unclear. However, the recent upgrade of the PCM wallet can greatly increase the Pi token’s long-term potential and adoption. Such innovations can make the token a part of users’ daily life and transactions, enhancing the ecosystem and utility. So if such innovative developments are continued, users can change their speculative investment on Pi to a utility-based and long-term investment.