- Pi Coin is trading around $0.82 and struggling to break past the $0.86 resistance level.
- The community is hopeful for recovery as Q2 2025 forecasts show a possible surge to nearly $4.
Pi Network (PI) is facing resistance near the $0.86 mark, struggling to maintain momentum after repeated pullbacks. At the time of writing, PI was valued at $0.8287, a 2.15% decrease over the last 24 hours. Despite these positive signs, there has been no substantial upward trend of the token in the past weeks, much as the community supports it.
The price even attempted to recover to a high of $0.8691 but soon corrected to a low of $0.8131. The weekly chart also depicts a more worrying event: the PI dropped 8.45%. This share price drop, from $1.11 to $0.77, provoked the interest of traders. Despite the modest rally, the bears are still in control of the asset.
Currently, the price of PI is at 72%, which is an all-time high of $3. It has raised concern among them because trading volume has reduced by more than 54% to $176.64 million. The market capitalization remains near $5.61 billion, but the price behaviour indicates that there is still uncertainty heading into the new quarter.
Telegram Wallet Integration Adds Utility
Pi Network has been able to grow its ecosystem despite the challenging market conditions. One significant innovation is its integration into Telegram’s wallet option. This is an advantage since it means that users can make direct purchases and store Pi in the application interface.
While send and receive features are still being worked on, the integration shows Pi Network’s continued improvement of the interface. The update caused quite a stir in the crypto community, with many stakeholders regarding it as a positive and meaningful shift toward the future of Pi’s utility.
The project community is active and remains optimistic, focusing on new integration and infrastructure development. However, analysts have noted that any advances in technology must be accompanied by more fundamental changes in the market to support a significant uplift in prices.
Q2 2025 Forecast Suggests Potential Rebound
Despite uncertainty regarding its immediate future, the outlook for Q2 2025 is decidedly bullish. Pi has the potential to spike in the following months, and one can see in April its potential to reach a high of $3.98, as shown by CoinCodex. If this happens, it would translate into a 380% increase from the current level.
For May, price predictions are between $2.10 and $3.13, and for June, the price may reach $3.39 and has the possibility of not dropping below $2.87. Such forecasts indicate that there is renewed interest and possibly further upside if the sentiment remains positive.
However, recovery ultimately depends on several parameters, such as increases in trading volumes, investor confidence, and further technical advancements. And now, with the start of Q2, the focus will be on what PI can do to break through the current resistance level and make some gains back.
For Pi Coin to regain strength and have another bullish run, it has to move past the $0.86 mark with volume. However, its positioning remains unclear for the time being.
