Why Doubt Pi? Analyst Xia Says as Pi Price Hovers at $0.60 After April Surge

Pi Coin is gaining traction again, and some analysts say the momentum could finally push it back toward a key price milestone. After climbing steadily through April, Pi Network is attracting fresh attention from both retail traders and crypto watchers. Analyst Xia believes fundamentals are aligning, while others caution that key steps must still be taken to avoid another sharp drop. The debate now is whether Pi Price’s latest push is the start of something bigger or just another temporary pop.

Analyst Insights and Key Drivers Behind Pi’s Surge

According to analyst Xia, Pi’s price performance shows signs of strong momentum. She pointed to the surge in transaction activity during Pi Fest and growing participation on the platform’s user map as indicators that adoption is rising. Xia questioned why traders continue to doubt Pi Coin despite steady ecosystem growth and clear user engagement.

But the bullish narrative isn’t without its critics. Dr. Altcoin, another well-known voice in the space, outlined several steps the project must take to hold or build on its gains. He emphasized the need to list Pi Coin on more widely accessible exchanges and expand reach into restricted regions. He also pointed to the importance of drawing in institutional buyers, companies willing to accumulate large amounts of Pi to help offset supply pressures.

Finally, he called for stronger communication and product updates from the core development team. He warned that any rally could be short-lived without clear progress and fresh use cases. The next phase will test whether Pi Network can sustain momentum or stall out again. Let’s take a look at the Pi price forecast to see how it is doing in the short term.

Pi Price Prediction for April 18, 2025

The PI/USDT 1-hour chart shows a sharp drop following a false breakout above $0.72, with price now consolidating in a tight range between $0.60 support and $0.63 resistance. The market appears indecisive, forming a sideways channel that could resolve with a breakout or breakdown, depending on volume and momentum shifts. The RSI is currently at 47.23, reflecting a neutral stance. Prior overbought conditions led to the sharp sell-off, while the RSI’s dip into oversold territory marked a temporary bottom, aligning with a support bounce.

Chart 1: Analysed by vallijat007, published on TradingView, April 18, 2025 

Price action may remain sideways until the RSI breaks above 60 or drops below 40. MACD shows a flat trend with the lines converging just below the zero line. The previous death cross aligned with the strong downtrend, but currently, there’s no clear bullish or bearish crossover. A break above $0.63 may open room to retest $0.70, while a drop below $0.60 could push PI toward the next major support around $0.54. Traders should watch for breakout confirmation with volume.

Pi’s Momentum Is Real, but So Are the Risks 

Pi Network’s surge in engagement is hard to ignore, but price action tells a more cautious story. Analysts are split: some see a breakout brewing; others warn of another stall. The fundamentals are improving, but momentum may stay capped until the token gains wider access and clearer use cases. For the Pi price to reclaim key price levels, it needs more than hype. It needs infrastructure, transparency, and execution. The foundation is there; now it’s about whether Pi can follow through.