Pi price slides to $0.61—will the $0.55 level hold or break?

Pi Network saw a brief rally earlier this month, but the bullish momentum has begun to weaken. After briefly moving higher, renewed selling pressure pushed the token back to support, raising the question of whether the April rally was the setup for another price drop. While some buyers remain hopeful, the overall market structure still leans toward the downside. With sellers in control, the next move in Pi price could decide whether it stabilizes or sinks deeper into a deeper correction. April recovery meets resistance After weeks of continuous declines, the Pi token managed to recover modestly in early April. That rally has given buyers a reason to watch closely, especially as the broader market shows signs of stabilizing. But this recovery did not last long. The resistance near the recent peak proved too strong and the bearish momentum has returned. The price is currently hovering near a critical support zone, one that can hold and provide a base or make room for further losses. While some traders hoped the April rally marked a turning point, the lack of constant buying volume kept that theory from being confirmed. Market sentiment is still fragile, and Pi's structure still shows a series of lower highs and lower lows, signs of a continued downtrend. Until buyers intervene more aggressively and the token exits current range, the bears remain in control. Traders looking for confirmation will need to see a decisive change in structure and engagement before calling a bottom. Let's take a look at the Pi price prediction to see how these developments impact Pi price. Pi price prediction April 17, 2025 Pi price (PI/USDT) has recently experienced high volatility, marked by a false breakout followed by a sharp rebound from the support level around $0.40. A successful breakout above $0.55 pushed the token to highs near $0.80, but profit-taking pressure triggered a decline, with the price now stabilizing near $0.61. Support is clear at $0.55 and $0.40, while resistance remains strong near $0.75–$0.80. The relative strength index (RSI) at 42.91 reflecting weak momentum and a slight downtrend following multiple overbought signals that led to a retracement

The oversold indicator on April 15 suggests the recent selling may be easing. The MACD signals were mixed. An earlier gold crossover supported the rally, but the recent death cross shows that bullish momentum is weakening. The current histogram bars are neutral, indicating consolidation. Overall, the Pi token seems to be in a correction phase after a sharp price surge. If buyers defend the $0.55 level, a new rally is likely. However, a drop below this support could open the door for a deeper retracement to $0.40. Repair or collapse? Pi Network's April recovery revealed upside potential, but a continuation has yet to materialize. With resistance levels remaining solid and sellers regaining bullish momentum, the token is currently hovering near key support levels. Whether it stabilizes or breaks the lower will shape the next stage of price action. At the moment, the trend is more towards caution. Until buyers return to confidence and structure shifting to the upside, Pi remains vulnerable to further price drops, even if some still hope for a reversal. The next move could shape sentiment for weeks to come.