Pi Price Breakout or Breakdown? Pi Network Bulls Target $3 Amid 400% Fee Spike

The Pi price attempts an upward trajectory above the descending parallel channel as the bulls show strength. In the 4-hour chart price outlook, the PI token trades within a descending parallel channel as the bulls and bears struggle to regain dominance. The bulls have flipped the 50-day MA into the immediate support level at $0.58, targeting the next resistance at $0.97. Can Pi Price reclaim the $3 level?

Pi Network Recent Updates

The innovative crypto-mining approach of Pi Network, which permitted mobile users to participate, has encountered its most demanding challenge. The price of the Pi Network coin reached almost $0.30 recently, resulting in uncertainty among its user base. Amid the current “red wave” dominating financial markets, reliable community members have emerged to restore hope among their members.

Recently, the founder and lead developer of Pi Network continued to release videos offering reassurance, signalling that the price dip constitutes a temporary anomaly. He further stated that “Pi’s future is still being carefully built, brick by brick.’’

Moreover, the Pi Core Team recently introduced promising updates to their platform. These updates include a mobile-first experience that dominates as the priority in new technical standard development. Other key updates are mandatory KYC verification and the updated Pi SDK that enables mini-games and virtual services along with DEX connectivity. More than 200,000 individuals placed bids to acquire Pi domain names, which demonstrated robust blockchain-related participation.

119M Pi Tokens To Be Released as Analyst Remains Optimistic

The Pi Scan platform predicts that more than 119 million Pi tokens will appear in circulation this month, and 1.4 million tokens will become accessible on April 11. The crypto tokens will be distributed gradually during the remaining month. 

Image 1- Pi Unlock Chart, provided by Pi scan, published on April 11, 2025

Various crypto analysts are optimistic about a potential rise in PI tokens in the coming days. Moon Jeff, a popular analyst, has noted that Pi fees are already 400% up today.

$PI fees are already 400% up today.

What is going on?
Fees tend to increase when the Blockchain is on demand.
Right now pi is processing only 1 transaction for everyone 2secs. This is lower than when it could only process 2 transactions per sec. #PiNetwork https://t.co/F1gf9OwHYT pic.twitter.com/B99v16dGbv

— MOON JEFF 🪐 (@CRYPTOAD00) April 11, 2025

In his speculation, this recent surge in price indicates that the Pi blockchain Network is in demand. In his previous remarks on the Pi Network price, he added that ‘if global tensions ease, Pi token will soar to $3 by June.’

Pi Price Prediction

At press time, the Pi price token is up 1.62% to the $0.60 mark, indicating a slightly bullish outlook. Despite the slight jump, its daily trading volume has plummeted like a dead weight in the air, 44% to $157.84M. This decrease in trading volume indicates a fall in market activity, hence a decrease in investor confidence.

However, the Pi token will rally toward the $2 level if the bulls gather strength and regain dominance. The bulls have established strong support at $0.58, giving the bulls hind wings to rally toward the $0.97 mark. A breach above the $0.97 mark will trigger an upward momentum, painting the bigger picture as bullish. In such a case, the Pi bulls will target higher levels at $1.10, 1.36, and $1.81 in the coming days. Pi Network price could hit $2 in a highly bullish case.

Image 2- Pi price chart, provided by Emmaculate, published on TradingView on April 11, 2025

On the downside, the bearish prospect is still evident in the Pi market, as the bulls encounter resistance at $0.97. The bears could regain dominance if the $0.97 area proves too strong, driving the Pi Network price downward. The Pi price will retrace toward the $0.58 support level in such a case. A breach below this area will see the bulls target $0.47 and $0.42, invalidating the bullish rally. In the meantime, traders and investors should pay close attention to the key support, resistance levels, and volume as they determine the next direction in Pi Network.