Pi Price Surge Gains 51% in 12 Days — Can Pi Network Rally Further to Reach $1.40 Soon?

The crypto market is in red again because of the escalation in the China-US trade war. As such, Pi news is not positive today, with the Pi network price falling to $0.6069. This marks a 3.5% daily decline in value for the PI token. However, if we look at the Pi price over the last 7 days, we can see a 1.56% growth. Additionally, we can also see a 51.57% Pi price surge since 12 days ago, April 5. On this date, Pi hit its all-time low of $0.4012, caused by the start of the implementation of Trump tariffs. 

Can Pi Coin Recover After Its Recent Drop?

Moreover, the Pi coin price prediction shows bullish potential as technical indicators give positive signals. However, the overall Pi price action has not been bullish, as we have seen the Pi network price go down significantly. Between March 13 and April 4, a value degradation from $1.83 to $0.51 can be seen. This decline had created a bearish descending channel. However, with the price surge to $0.75, we saw a breakout from the upper trendline. Now, the Pi price action is seeing strong resistance at $0.75 and strong support at $0.56.

Is Pi Network bullish or bearish now?

Maybe to bounce back, Pi network price needs to bounce back from the $0.56 support. Additionally, we also have a bullish technical signal as the Money Flow Index has attracted more capital, showing an increase in buyers. Even if this buying pressure does not lead to a rally, it is a safety measure against further decline. There are also some negative technical indicators, which can lead to a bullish movement. 

Graph 1 – PI Funding Rate, published on CoinGlass, April 17, 2025.

According to Graph 1, the funding rate of Pi is still negative. This metric shows that if you have an open position in the derivatives market, you would benefit or see losses. As such, when the funding rate is positive, it means the long positions are higher, and investors have confidence. However, when the short positions gain the majority, it means that the market is likely going to fall deeper. If there are too many short positions, some big investors could take the opportunity to short-squeeze these positions. This would create a sharp Pi price surge and reverse the trend and market sentiment.

Why is Pi Coin Poised for a Rally Toward $1?

There are also some other technical indicators that point towards a possible surge towards $1. The Moving Average Convergence Divergence has remained positive. This technical indicator, which is also known as MACD, shows the price momentum by comparing it to EMAs. This particular MACD result is from comparing a 12 EMA and a 26 EMA. Using these two, we can see a bullish crossover as the 12 EMA goes above the 26 EMA. If the 12 EMA does not crash below the 26 EMA, we can expect a rally near $1. The Pi coin price prediction stands at $0.9,6, which is equal to 0.786 Fib.

Will Pi Price Surge to $1.40 or Fall to $0.41?

There is also a max bullish price projection where positive Pi news and a lack of bearish macroeconomics happen. The Pi token can reach as high as $1.40, which is represented by the golden Fib ratio of 0.618. On the other hand, if we see bearish macroeconomic and internal developments, the PI price could fall to $0.41. This represents an all-time low and is not a likely scenario.