Bitcoin is stable in pi token elasticity in crypto volatility

Bitcoin price has stabilized at $83,500 recently, but cryptocurrency market volatility remains a hot topic.

Bitcoin price appears to have stabilized at $83,500 after experiencing last week's turbulent economic environment. Meanwhile, PI currency rebounded 9% to $0.6 after bottoming out, which also attracted market attention, although its monthly decline was still as high as 69%.

The wider cryptocurrency market added $60 billion in market cap, with some altcoins (such as OKB) rising, while TON fell 7%. While challenging, PI coins’ price fluctuations also reflect common characteristics of emerging cryptocurrencies in turbulent markets.

Bitcoin Stability and PI Coin Rebound: Resilience in Crypto Market Volatility

The cryptocurrency market has fluctuated violently in the past few days. The price of Bitcoin appears to have stabilized at $83,500. Bitcoin has experienced a turbulent week with price volatility, initially reaching $88,000 on Wednesday before falling to $81,200 due to tariff news.

PI coins rebounded 9% to $0.6 after hitting a record low last week. Although this represents a short-term rebound, the monthly decline of PI currency is still 69%, indicating that the project is still facing challenges. Other altcoins performed differently: OKB rose 9% to $51, while TON fell 7%, making it one of the worst performing currencies in the market. Although analysts closely monitor the dynamics of PI currency, the currency has not gained significant momentum in an active market.

PI Coin 24-hour price analysis

The current trading price of PI coins is US$0.79, after breaking through the resistance level of US$0.71. Its price fluctuates around the $0.51 support level. This price may rebound further, showing a certain buying interest. PI coins need to stand firm at the resistance level of US$0.71 or break through this level strongly to confirm the continuation of the upward trend. Relative Strength Indicators (RSI) show neutral momentum and rebounds from oversold levels.

Figure 1, analyzed by Anushrivarshney2613, released on April 5, 2025

Although the bar chart is close to zero, the MACD is slightly positive, indicating a lack of momentum. The next upward target for PI coins will be to break through the $0.71 resistance level. Maintaining the $0.40 support level is crucial; otherwise, PI may test the low again. Trading volume will help judge future trends. The market is currently looking for catalysts to determine a clear direction.

The future of PI coins: Outlook and price forecast

Although the long-term trend of PI coins is unclear, its rapid rise to $0.6 indicates its growth potential. Analysts predict that due to factors such as Bitcoin halving and blockchain technology adoption, the price of PI coins will be between $55-64 in 2025. With this achievement, PI coins may benefit from trends such as DeFi and NFT and further increase prices.

In the short term, PI coins face the interweaving of optimism and pessimism. In the midst of volatility, it attempts to advance its position and prove its competitiveness in the cryptocurrency market. Because PI coins are highly speculative, investors should invest with caution and pay close attention to market trends.

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