Date: Sat, April 12, 2025 | 12:30 PM GMT
After weeks of downtrend and heavy losses, Pi Network (PI) is once again making headlines, this time for all the right reasons. The token surged 19% in the last 24 hours, grabbing attention across the crypto market after suffering more than a 50% drop over the past month.
What’s behind the rebound? A major combination of real-world utility launch and a technical breakout that could mark the start of a trend reversal.
Source: Coinmarketcap Pi Network Launches New Real-World Utility
In a big step toward building a sustainable and self-sufficient ecosystem, Pi Network has officially rolled out the Pi Ad Network to all Pi Apps integrated within its Mainnet Ecosystem Interface.
Source: X This development allows developers to earn in Pi tokens directly, while advertisers must pay in Pi to run ads. The result? A circular economy that keeps value flowing inside the ecosystem—empowering builders, incentivizing creators, and giving users access to a more dynamic app experience.
This move not only enhances network activity but also strengthens PI’s long-term value proposition by tying it to real-world utility and organic demand.
A Breakout from the Falling Wedge
While fundamentals are improving, the technical picture is even more exciting. PI had been stuck in a classic falling wedge pattern, a bullish reversal formation that forms after a long downtrend. Since peaking near $3.0, PI shed a staggering 85%, finding support at the $0.41 level.
Pi Network (PI) Daily Chart/Coinsprobe (Source: Tradingview) After weeks of declining within the wedge, today’s rally pushed PI out of the pattern with a breakout at $0.59, lifting the price to $0.72 — a level not seen in weeks.
The next major hurdle lies around the 25-day moving average, currently near $0.90. If PI can flip this into support, it opens the path to the next major resistance zone around $1.15 — a move that would represent another 55% gain from current levels.
Also supporting this bullish view is the MACD, which is showing signs of a potential bullish crossover — indicating a momentum shift that may attract fresh buyers.
Still, traders should be cautious. False breakouts are not uncommon, and PI must maintain price above $0.59 to confirm the breakout’s strength. A failure to do so could result in a retest of the wedge’s lower boundary.
Final Thoughts
Pi Network is showing early signs of a trend reversal, powered by both fundamental growth and technical strength. The launch of the Pi Ad Network has added much-needed real-world utility, while the breakout from the falling wedge adds momentum to the bullish narrative.
If the current rally holds, PI could be in the early stages of a broader recovery. Traders and investors alike will be watching closely to see whether this breakout has the legs to fuel a sustained move higher.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
