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The Pi Network price has dropped 15% in the last 24 hours to trade at $0.56407 as of 6:02 a.m. EST on a 58% decrease in trading volume to $454 million.
The PI price dump came amid a broader cryptocurrency crash that erased over $287 billion from the market.
No one can crash a stock market like Trump. He’s the absolute best stock market crasher anywhere. #TrumpTariffs pic.twitter.com/dteHQta9Kv
— Just Jay (@1JaySC) April 3, 2025
The crypto market’s nosedive, triggered by macroeconomic uncertainty surrounding Donald Trump’s trade tariffs, has hit altcoins like PI particularly hard. Is there hope for a recovery?
Pi Network Price Remains Bullish Despite Market-Wide Crash
The PI Coin price action has been moving in a clearly defined descending channel since peaking in late February. However, a recent breakout attempt drove the price above the channel’s midline.
The green candle, which occurred a couple of days ago, was large and bullish, showing strong momentum. At $0.5608, the price of PI Coin reveals a short pullback, likely due to partial profit-taking and the recent market-wide crash. Nevertheless, the bullish breakout candle from two days ago still engulfs the succeeding candles, indicating potential short-term bullish momentum in the coming days.
PI/USDT Chart Analysis (Tradingview)
Technical Indicators Support a Bullish Narrative
The Relative Strength Index (RSI) is at 42.57, which is below the neutral zone. It’s turning up from oversold territory, which shows a bullish divergence is forming. Additionally, the MACD histogram has turned green, and MACD lines are converging upward, indicating a bullish crossover may likely occur soon.
Should Pi Coin price forge higher, it will likely encounter resistance at the 50-day simple moving average near $0.7077. Beyond this, PI may test the upper boundary of the falling channel at $0.8, a 44% increase from the current price.
Conversely, if the current sell pressure persists, the Pi Network price may fail to hold above the midline, as highlighted in the chart. This would reveal market weakness and send the asset lower to $0.4. A deeper correction would see the Pi Coin price find lower support at the bottom of the channel, around $0.2.
While Pi Coin and many other crypto projects continue to struggle, the Best Wallet (BEST) presale has surged past $11.59 million.
ClayBro, a Crypto YouTuber with over 136K subscribers, predicts a potential 10X surge post-launch as this non-custodial, multi-chain wallet is quickly becoming a favorite among investors.
Best Wallet Presale Heads For $12 Million — Best Crypto To Buy Now?
Best Wallet supports over 60 blockchains, enabling users to manage thousands of cryptocurrencies, including heavyweights like Bitcoin (BTC) and Ethereum (ETH), within a single app.
Its built-in decentralized exchange (DEX), presale aggregator, and upcoming crypto debit card set it apart in a crowded field. But what’s really turning heads is its “Upcoming Tokens” feature, a launchpad that’s already proven its knack for spotting winners.
Projects like Pepe Unchained (PEPU) and Catslap (SLAP), flagged early by Best Wallet, delivered jaw-dropping gains of 500% and 7,000%, respectively, for early adopters.
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Best Wallet’s growth metrics are equally striking. Since its November 2024 debut, the app has amassed over 500,000 users, with monthly active users exceeding 250,000 and installations soaring 96% month-over-month.
Security remains a cornerstone, with biometric authentication and decentralized recovery options ensuring users retain full control of their funds.
The native token, BEST, is the engine behind this ecosystem. Holding the token unlocks perks like reduced trading fees, access to exclusive presales, and staking rewards boasting an impressive 134% annual return.
The BEST token is currently priced at $0.024625. With the next price hike looming in under 6 hours, buy soon to secure the best deal.
Check out BEST on its official website.
Related Articles
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- Rich Dad Poor Dad Author Robert Kiyosaki Says Buy Bitcoin, Gold, Silver
- ETH Falls 14% Ahead Of Possible “Black Monday” Crash
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