Crypto Market Update: Pi Network’s Path to Recovery and Potential Breakthrough
Jakarta, Pintu News – According to Coingape’s report on April 22, 2025, the crypto market is currently experiencing a lull following a major downturn triggered by Donald Trump’s election as President of the United States.
Breaking Through: Crypto Market Cap Surpasses Falling Wedge Pattern
The recent political shift not only caused a pointy decline in the costs of most cryptocurrencies but additionally dampened investor confidence. Pi Network wasn’t spared, experiencing a price drop of over 37% within the last month.
Read also: Pi Network Introduces Tokenomics with a Whopping 100 Billion Tokens!
As of April 22, Pi’s value was at $0.6349, with a market cap of over $4.4 billion. However, there could be changes on the horizon.
World Of Charts, a well known crypto analyst, recently tweeted a couple of noteworthy development.
The tweet highlighted that the full crypto market cap has broken through a falling wedge pattern, hinting that buyers are gearing up for motion. This may lead to an increase in crypto prices overall, possibly boosting Pi Network’s value as well.
Analyzing Pi Network’s Price: What the Data Reveals
With analysts previously predicting a possible bullish breakout, it’s time to evaluate Pi Network’s current status to find out if it’s on an analogous trajectory.
Examining Pi Network’s price chart, we notice that it has recently broken out of an analogous falling wedge pattern.
Following the breakout, Pi’s price entered a period of low volatility, suggested by the narrowing Bollinger bands.
Should the broader crypto market turn bullish, Pi Network’s price could potentially break through the upper Bollinger band and enter a phase of high volatility.
This significant movement might take a number of days and even weeks to materialize, so patience is vital.
Setting Sights on Pi Network’s Next Milestones
Despite Pi’s recent price drop, market sentiment stays bearish, with the weighted sentiment for the token still within the negative.
Nevertheless, if a brand new crypto bull run occurs, market sentiment could shift positively.
Read also: Crypto Market Turns Green, These 3 Meme Coins Soar Up to 33% in Just 24 Hours!
In a scenario where the market rallies, Pi Network’s price might want to overcome key resistance levels at $0.65 and $0.70. Achieving this might set the stage for an upward move towards $1.5.
If favorable market conditions persist, Pi prices could even surpass $3 in an ongoing bull market.
At present, Pi Network’s price is under pressure, surrounded by bearish sentiment. However, the potential for a bull run within the near future may very well be pivotal. A surge in momentum and investor confidence might pave the way in which towards those optimistic targets.
That’s the most recent scoop on crypto news today. For more insights, from beginner to expert level, try Pintu Academy and expand your knowledge of the crypto world.
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*Disclaimer
This content is supposed to tell readers. Pintu sources this information from various relevant outlets and stays unbiased. Remember, an asset’s past performance doesn’t predict its future performance. Crypto trading carries high risks and volatility, so at all times do your research and invest properly. The responsibility for any crypto asset investments lies with the reader.
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