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The Pi Network price soared 4% in the last 24 hours to trade at $0.9879 as of 11:12 p.m. on trading volume that skyrocketed 96% to $878 million.
Pi Network Price Bearish – Possible Rebound?
The PI Coin price on the 4-hour timeframe indicates a clear downtrend, with the asset forming a falling channel pattern. This structure suggests that sellers are in control, consistently pushing the price lower.
The Pi Network price has tested the lower boundary of this falling channel and is currently showing signs of a potential bounce, but the overall trend remains bearish unless a breakout occurs.
Meanwhile, the price of Pi Network is currently trading around $0.9879, struggling to gain upward momentum after bouncing near the 0.786 Fibonacci retracement level ($0.7164). A potential reversal may occur if buyers step in, but resistance at the 0.618 Fibonacci level ($1.2030) and above will be key to breaking this bearish pattern.
Additionally, the 50-day Simple Moving Average (SMA) at $1.2864 is positioned well above the current PI Coin price, acting as a dynamic resistance level that has consistently pushed the price lower.
The Relative Strength Index (RSI) stands at 38.47, with the lower band at 32.96. This indicates bearish momentum, but since it’s approaching the oversold region, a short-term rebound could occur if buyers step in.
Moreover, the Moving Average Convergence Divergence (MACD) shows signs of a rebound, as the blue MACD line crosses slightly above the orange signal line.
PI/USDT Chart Analysis (Tradingview)
PI Coin Price Prediction
The short-term outlook remains bearish as the PI price moves along the falling channel, with bearish SMA positioning and weak RSI and MACD signals. If sellers maintain control, the Pi Network price could retest $0.75 (0.786 Fibonacci level) and possibly fall further towards $0.55 if bearish pressure intensifies.
Conversely, if PI successfully breaks above the $1.20 resistance (0.618 Fibonacci) and the 50-day SMA ($1.2864), the Pi Network token could move toward the $1.88 (0.382 Fibonacci).
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give away real Bitcoin.
99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 100X after launch.
BTC Bull Token Presale Nears $4 Million – Next Big Crypto?
The BTC Bull Token presale has already raised over $3.9 million as investors rush to capitalize on its upside potential and Bitcoin giveaways.
Think of it as a partner to Bitcoin. It is designed to capitalize on BTC’s price action while adding some extra perks for holders.
When Bitcoin reaches major price milestones (like $150,000 and $200,000), token holders receive BTC airdrops in their crypto wallets.
There will also be a massive BTCBULL airdrop for the strongest hodlers when BTC hits $250,000, weighted by ”Community Sale purchase amount.”
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
Beyond the Bitcoin rewards, the project also incorporates token burns that kick in when BTC reaches $125,000, and repeat for every $25k increase in the Bitcoin price after that.
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 108% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL tokens for $0.002425 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in less than 3 days to lock in the best deal.
Visit the BTC Bull Token website.
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