Pi Price Holds at 0.57: Is Pi Netrwork Getting Ready to Surge to $0.80 Next?
Let’s dive into Pi price action as it struggles below resistance. Despite a strong crypto market, Pi stays weak, stuck in a tight range with low momentum.
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While most of the crypto market is trending higher, the Pi price remains stuck in a tight consolidation zone. The recent price drop pushed Pi lower, and since then, it has failed to recover alongside its peers. This divergence signals strong bearish pressure specific to Pi Network. Until that pressure eases, the likelihood of a breakout to the upside remains low. Traders watching Pi should be cautious; despite a wider trading range between $0.400 and $0.800, a tighter range has formed, reflecting a market in pause mode.
Broader Market Context and Challenges
Altcoins are generally more volatile than Bitcoin, and Pi Coin fits that pattern. Following recent macroeconomic shifts, including tariff-related developments, volatility surged across global markets. Crypto was no exception, and Pi Coin didn’t escape the impact. When negative news hits, most tokens fall, but Pi tends to drop harder and stay down longer. What sets it apart is its weak correlation to positive momentum. Even during crypto-wide rallies, Pi rarely follows. Instead, it consolidates in a narrow range, reflecting persistent bearish pressure.
This sluggish price behavior points to deeper structural issues. Liquidity remains low, limiting trading opportunities and keeping larger exchanges from listing Pi Coin. The result is a feedback loop: limited access keeps demand weak, and weak demand reinforces price stagnation. Without better liquidity and broader exchange support, Pi is unlikely to break free from its current range. Until those fundamentals improve, any bullish movement in the broader crypto market may leave Pi behind. Let’s take a look at the Pi price prediction to see what it’s doing in a lower timeframe.
Pi Price Prediction for April 8, 2025
The 1-hour Pi Network (PI/USDT) chart displays a volatile market, marked by multiple breakouts and a failed breakout attempt near the $0.4800 support level. A sharp reversal followed the low, pushing the price to a peak around $0.7800 before retreating. This swing formed a strong resistance zone between $0.7400 and $0.8000. The current price is $0.5790, consolidating below the $0.6000 resistance. Three clear breakout points are visible, but each rally faded quickly, suggesting weak bullish momentum.
Chart 1: Analysed by vallijat007, published on TradingView, April 8, 2025
RSI sits at 46.61, indicating neutral territory but leaning slightly bearish. Prior dips into the oversold region were followed by brief rallies, but overbought levels failed to sustain. MACD is flat, with recent death crosses hinting at bearish bias. Earlier, golden crosses did trigger price spikes, but momentum quickly faded. Immediate support lies near $0.5500; a breakdown could revisit the $0.4800 low. A breakout above $0.6000 resistance with volume is needed to revive bullish sentiment. Until then, PI remains range-bound and indecisive.
Pi Price Faces Uphill Battle Amid Weak Momentum
Despite broader market gains, the Pi price remains stuck in a tight trading range with little sign of recovery. Persistent bearish pressure, low liquidity, and limited exchange support continue to weigh on price action. Technical indicators show indecision, with weak follow-through on rallies and fading momentum on both bullish and bearish sides. Until Pi breaks key resistance with strong volume and gains wider market access, it’s likely to remain sidelined, unable to capitalize on broader crypto market strength.
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