Categories: Crypto

Pi Network Price Rebounds, Sparking Optimism Among Crypto Traders

The Pi Network price just bounced back 28%—enough to put it back on the radar.

After a rough drop, the token has settled into a tight range between $0.58 and $0.66. The move has traders watching closely, unsure if this is a dead-cat bounce or the start of something bigger.

Pi Network Price: Market Standing and Upcoming Token Unlocks

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is staring down a supply flood—1.5 million tokens unlocked already, and 160 million more on the way. Valued at roughly $94 million, the wave has stirred mixed reactions.

Yet the market’s holding steady with trading volume fell 37% in the last 24 hours, landing near $298.5 million.

https://twitter.com/okere_eberechi/status/1917079902374789592?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow

Since April 16, Pi Network has been stuck in a consolidation phase, trading within a tight range of $0.60 support and $0.66 resistance. Technical indicators suggest this is a period of market indecision, with neither buyers nor sellers taking control.

Could Pi Reach $3 by June?

Amid the current consolidation, some bold predictions have surfaced. Several market analysts have set ambitious price targets, with Pi potentially reaching $3 by June. For this to happen, favorable conditions will need to materialize, such as a broader crypto rally or groundbreaking announcements from the Pi Core Team.

Specifically, rumors of a possible token burn to reduce supply could act as a major catalyst for a price surge.

https://twitter.com/brarno882/status/1917185977552109847?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow

The road to $3 isn’t wide open.

A wave of token unlocks still looms, and if sentiment shifts, that pressure could hit hard. Pi remains stuck in consolidation, with no major ecosystem updates or milestones to spark a breakout.

Add to that the regulatory fog and delays in launching an open mainnet, and the path gets even murkier. Until Pi lands on major exchanges, price discovery stays half-blind.

What’s Next for Pi Network?

For now, Pi Network’s price activity paints a picture of patience and optimism. The path to higher price levels, including the ambitious $3 target, will depend on market dynamics, tokenomics decisions, and broader adoption.

For traders watching from the sidelines, the next key move could come as soon as Pi breaks out of its current trading range.

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Key Takeaways

After a rough drop, the token has settled into a tight range between $0.58 and $0.66. The move has traders watching closely, unsure if this is a dead-cat bounce or the start of something bigger.
Pi Network is trading within a tight range of $0.60 support and $0.66 resistance.
A wave of token unlocks still looms, and if sentiment shifts, that pressure could hit hard.

The post Pi Network Price Rebounds, Sparking Optimism Among Crypto Traders appeared first on 99Bitcoins.

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Adam Forsyth