Is Pi Network on the Verge of a Price Comeback or Just Another Cryptocurrency Comedy?

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Well, well, well! Look who’s trading at $0.1672 on April 15th, just a smidge above the price of a soggy sandwich! The daily MACD histogram is strutting around like it owns the place with a big ol’ 0.0000 for the first time since the epic February flop at $0.1351. Could it be that the bear market is finally running out of growls? Or is it just catching its breath before another “bear-y” good downturn?

  • So, Pi Network is at $0.1672, up a thrilling 0.48%! We haven’t seen the MACD histogram this flat since our last family reunion-zero is the new black, folks! This pause in the bearish onslaught is about as exciting as watching paint dry.
  • The daily SMA ribbon is still wearing its bearish shades, with all four moving averages stacked like pancakes above our little price point: SMA 20 at $0.1715, SMA 50 at $0.1852, SMA 100 at $0.1807, and the granddaddy of them all, SMA 200 at $0.2029. Talk about a resistance buffet!
  • If we can close above that SMA 20 at $0.1715, we might just open the door to a glorious $0.20! If not, we’re staring down the barrel of a daily close below $0.1351-cue the dramatic music!

Now, Pi Network (PI) is still hanging around $0.1672, feeling a bit sprightly at a 0.48% uptick! It’s like a toddler taking its first steps after a long nap. But let’s not get too excited, because this histogram is just flapping its arms around at zero, trying to figure out if it wants to go up or take a dive again. With 14.7M PI changing hands in the last 24 hours, it seems we’re stabilizing right above that structural floor-like a cat on a hot tin roof!

But wait! The full SMA ribbon is still looking as gloomy as a Monday morning. No one has reclaimed those moving averages since the great price fall of Q4 2025. The million-dollar question: will our dear MACD get off its lazy backside and move from zero to positive? That would be the signal we need to kickstart a bull party!

MACD Histogram Hits Zero: Is It Time to Celebrate or Just Cry?

On April 15th, the MACD (12,26,9) decided to print a histogram reading of 0.0000, with both MACD and signal lines confirming they are still below zero. It’s like being stuck in traffic-no one’s going anywhere fast! But don’t fret, reaching zero from below is the first step toward getting that bullish crossover! In past PI escapades, this kind of behavior usually preceded a mad dash toward the nearest SMA resistance. Let’s keep our fingers crossed!

And here we are at the most important level on the chart: the $0.1351 all-time low, which has become the “safety net” of our dreams. It hasn’t faced the grim reaper of daily closes below it since February 11th, so it’s basically the superhero we didn’t know we needed! If the price keeps bouncing like a rubber ball from here, while the MACD gets cozy with zero, we might be building a base-if only we can reclaim that pesky SMA 20!

Oh, and guess what? Pi Network just upgraded its mainnet to Protocol v21 on April 14th like it was announcing a new blockbuster movie! This upgrade is laying the groundwork for smart contracts in the future-set your calendars for May 18th, folks. And don’t forget about the v22.1 node upgrade deadline on April 22nd, because who doesn’t love a good deadline?

Key Levels: Support, Resistance, and Pricing Shenanigans

The $0.1351 all-time low is our trusty structural floor that we’ve clung to like a life preserver. A daily close beneath it? Yikes! That would take us into uncharted territory-grab your maps, folks!

On the upside, that SMA 20 at $0.1715 is the immediate resistance and the first hurdle we need to clear. If we can close above it, we’re eyeing that tantalizing $0.20, which has been a formidable foe in multiple recovery attempts this year. If we can conquer that, there’s a horizontal resistance at $0.2804 waiting for us like a pot of gold at the end of a rainbow! And let’s not forget the SMA 50 at $0.1852-it’s the middle child in this recovery saga!

Now, if we do see a daily close below $0.1351, well… let’s not even go there!

On-Chain and Market Data: The Real Drama Unfolds

About 230 million PI tokens are set to unlock over the next 30 days, adding a sprinkle of selling pressure to any recovery attempt. Meanwhile, one crafty whale has gobbled up around 350 million PI, becoming the sixth-largest holder in town! It’s like a game of Monopoly, and this whale is definitely building hotels on Boardwalk.

Analyst @kwalaintel (40.2K followers on X) suggests that Pi Network is facing “a major structural headwind” from daily token unlocks. It’s like trying to swim upstream against a raging river! But if our dear MACD histogram can pull itself from zero into positive territory on a daily close, then the SMA 20 at $0.1715 becomes the shiny target we’re all clamoring for. If we hit that, we might just confirm a sustained recovery attempt-bring out the party hats!

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2026-04-16 02:36