The post Token Rebounds 28% While Trading Volume Drops 37% appeared on BitcoinEthereumNews.com.

TLDR Pi Network has experienced a 28% price rebound, currently trading around $0.58-$0.66 About 1.5 million tokens will be unlocked through April 11, with an additional 160.74 million tokens over the next 30 days Technical analysis shows key support at $0.5361 and resistance at $0.6133 Pi has entered a consolidation phase with price ranging between $0.60 and $0.66 Analysts suggest Pi could potentially reach $3 by June under favorable conditions Pi Network’s cryptocurrency has captured significant attention in recent weeks as its price recovers amid ongoing developments and speculation about its future trajectory. The digital asset has rebounded by 28% recently, giving investors renewed optimism about its potential in the current market landscape. Pi Network’s token is currently trading in the $0.58-$0.66 range after bouncing back from lower levels. This recovery comes despite a 37% drop in 24-hour trading volume to approximately $298.5 million, suggesting underlying strength in buyer interest. Market analysts have noted that the current rally appears to be driven by relatively low Pi Coin unlocks and growing market confidence. According to PiScan data, about 1.5 million tokens will be unlocked through April 11, with an additional 160.74 million tokens expected over the next 30 days. This upcoming token release schedule has created both challenges and opportunities for Pi’s price action. While the projected token unlocks valued at nearly $94 million over the next month raise supply concerns, the market seems to be pricing in these events. Market Consolidation and Technical Indicators Pi Network has entered a noticeable consolidation phase. Since April 16, the token has established a narrow trading range, facing resistance at $0.66 while finding support at $0.60. Technical indicators provide further evidence of this market standoff. The Aroon indicator shows the Aroon Up Line at 0% while the Aroon Down Line has declined to 14.29%,…

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Filed under: News - @ April 29, 2025 3:29 pm