The price of Pi Network has jumped more than 4% over the last 24 hours to trade at $1.36 on April 21, 2025. This is after the Migration Roadmap was dropped, a move that, even though geared towards spearheading the network’s migration, has seen many users clamoring for more clarification. Though technical charts indicate room for further growth, the absence of clear timelines and chronic levels of resistance helps create an environment of guarded optimism among investors.
Migration Roadmap Sparks Community Concerns
The recently unveiled Pi Network Migration Roadmap outlines three phases aimed at transitioning to the open mainnet. However, the absence of specific dates and comprehensive details has led to frustration within the community. Reports of inconsistent coin balances and the claim that all tokens were minted at genesis have further fueled debates about Pi Network transparency.
Technical Indicators Present Mixed Signals
The Pi Network price faces major pressure, despite its recent price uptrend. Trading just under the Ichimoku Cloud (a definitive resistance area), suggests, while buyers are attempting to push the price higher, there has not yet been a definitive breakout.
Chart 1 – Pi Network price indications on Coingecko, April 21, 2025.
The RSI has bounced back to 53.77 from a low of 32.34, pointing towards a moderate bullish trend; however, after reaching a high of 57.25, the RSI has tapered off slightly with corresponding declining momentum. Market analysts suggest that the RSI being in the neutral-bullish zone is not a definitive signal that a full recovery is underway.
Furthermore, the Ichimoku Cloud is beginning to thicken and trend to the upside. This technical sign suggests there may be an increase in volatility in the days ahead. As expected, this leaves the Pi Network price forecast in a fine balance between pushing above and a possible correction.
Resistance Levels and Future Outlook
Currently, the Pi Network price is at the resistance level of $1.43. If the price is able to break through resistance, the price may reach $1.78 and $2.00, with the possibility of reaching $2.99, the February 2025 all-time high.
If the price fails to break out, the price could retreat to support levels around $1.20 or $1.00. The price will depend on the technicals and community sentiment.
Awaiting Clear Signals Amidst Uncertainty
In short, though the Pi Network price has exhibited signs of rebound, important resistance levels and public worries about the clarity of the Migration Roadmap still hover over its path. Traders and investors should closely watch technical indicators and wait for clearer signs before making sizeable investments.
Source: Coinfomania / Digpu NewsTex