Following a period of decline, PI has rebounded and initiated an uptrend as buying activity gains momentum.
The renewed buying pressure suggests that PI bulls are back in control, now setting their sights on reclaiming its all-time high (ATH).
PI Regains Strength as Key Indicators Flash Bullish
After it reached an ATH of $3 on February 27, PI saw a spike in profit-taking, which caused its price to plummet to a low of $1.51 by March 2. However, PI’s price has rebounded since then, indicating a shift in market sentiment as bulls attempt to regain dominance from the bears.
Key technical indicators, including the Balance of Power (BoP), highlight the growing strength of buyers in the market. At press time, this indicator is in an upward trend and at its ATH of 0.92.
An asset’s BoP measures the strength of its buyers and sellers by analyzing its price movements within a given period. When its value is positive, it indicates that buyers are in control, driving prices higher.
This trend suggests that buying momentum is building. It reinforces PI’s current uptrend and increases the likelihood of the coin reclaiming its $3 ATH if demand continues to rise.
Furthermore, PI’s Chaikin Money Flow (CMF) confirms the uptick in the coin’s demand. This indicator, which measures money flows into and out of an asset, rests above the zero line at 0.08.
A positive CMF reading like this indicates strong buying pressure, showing PI is experiencing sustained capital inflows. This suggests that demand for the altcoin outweighs supply, hinting at more price gains.
Pi Network (PI) Faces Critical Resistance
On the four-hour chart, PI currently holds above support at $1.97. If demand strengthens, the altcoin could break above the resistance at $2.12 and reclaim its ATH of $3.
However, the decline in PI’s demand to absorb the climbing supply may put downward pressure on its price. So far this month, over 188 million PI have been distributed to over 1 million Pioneers.
If demand drops, PI could lose its recent gains and plummet below $1.62 to trade at $1.34.
The crypto market has experienced a volatile start to Q2, with many tokens posting significant surges in recent days. Meme coins, in particular, have seen a resurgence, with older tokens gaining traction and newer ones attracting attention.
BeInCrypto has analyzed five meme coins for investors to watch in the coming month and their potential for further growth.
Turbo (TURBO)
TURBO has shown impressive momentum, gaining more than 191% in the past two weeks, now priced at $0.004313. The altcoin is testing key resistance at $0.004842. As one of the best performing meme coins this month, it continues to attract attention from investors, signaling strong potential for future gains.
This surge has provided relief to investors impacted by the February Death Cross. With TURBO standing at a near three-month high, the outlook remains positive if the broader market trends support further growth. A breakout above the resistance could propel TURBO towards the target of $0.006857, offering additional upside.
Failure to breach $0.004842 could lead to a reversal in the trend. A drop below this resistance would likely see TURBO testing the support level at $0.003304. This would invalidate the bullish scenario and potentially erase much of the recent price increase.
Neiro Ethereum (NEIRO)
NEIRO has experienced a notable resurgence, surging by 256% this week alone. Currently trading at $0.0661, the meme coin is at a four-month high. As NEIRO looks to break the $0.0715 resistance, it could see continued upward momentum if broader market conditions remain favorable.
The potential for NEIRO to breach $0.0715 is strong, with the broader market showing bullish trends as Bitcoin approaches $100,000. This could provide the necessary momentum to push NEIRO towards the $0.0845 resistance. A successful test of this level would solidify recent gains and set the stage for a move to $0.1000.
A failure to break through $0.0715 would likely send NEIRO into a bearish correction. In this scenario, the price could fall through key support at $0.0568, possibly testing $0.0446. This would invalidate the current bullish outlook, highlighting the importance of breaking resistance for continued growth.
Brett (BRETT)
BRETT has shown remarkable growth, up 120% over the past two weeks, trading at $0.054. This surge marks a near-three-month high for the meme coin, driven by a shift in market conditions. The rally suggests strong investor sentiment, fueled by the growing interest in Base meme coins.
As the market shifts, BRETT has captured attention, making it one of the more promising altcoins in its category.
With continued momentum, BRETT could break through the $0.058 resistance level, opening the door to further gains. A move toward $0.072 is plausible, especially as hype surrounding Base meme coins intensifies.
This meme coin also reignites the Solana vs. Base meme coin discourse; however, Alvin Kan, COO at Bitget Wallet, told BeInCrypto that this may not be the case.
“Solana still leads. It’s fast, cheap, and has an army of degens ready to mint and trade anything viral. Base is growing, and Coinbase might help push it further, but it hasn’t built the same retail energy yet. As for AI meme coins—they’re interesting, but still feel like a niche inside a niche. For now, Solana memes dominate the meme meta.”
However, a correction could follow if BRETT fails to breach $0.058. The price might drop through the $0.052 support, potentially reaching as low as $0.042. This decline would invalidate the bullish outlook, signaling a shift in market sentiment. Without sustained support above $0.058, the upward momentum may be short-lived, and bearish conditions could prevail.
Official Trump (TRUMP)
TRUMP has captured investor attention, surging 60% this week to trade at $12.14. The meme coin has reignited interest, driven by market speculation. Its rise comes amid increasing excitement around politically fueled volatility, making it a popular pick for traders looking to capitalize on unpredictable market swings.
Although TRUMP failed to secure $12.57 as a support level, the possibility of achieving this level in the coming weeks remains strong. The US President’s influence on market movements, driven by unexpected announcements, could provide the catalyst needed for TRUMP to rise further, potentially reaching $14.53 as it follows broader financial trends.
Failure to hold $12.57 as support could signal a reversal. In this case, TRUMP may see its price drop to $11.44 or $10.29, undermining the current bullish outlook. This scenario would invalidate the positive momentum, with investors needing to monitor key levels for potential price shifts closely.
Pudgy Penguins (PENGU)
PENGU has experienced significant volatility since January, with massive drawdowns following early interest. However, the meme coin has rebounded sharply, gaining 118% over the past two weeks. This recovery has caught the attention of investors, reigniting hopes for further growth and renewed momentum in the altcoin’s price.
Currently trading at $0.00846, PENGU is nearing key resistance at $0.01007. If the meme coin can maintain its bullish momentum, it presents a promising opportunity for investors. A successful break above this level could attract additional buyers, further driving its price and expanding the interest in this resurgent meme coin.
Failing to breach $0.01007 would likely result in a price decline, with support potentially falling to $0.00718. This would erode recent gains and invalidate the bullish outlook, with a further drop to $0.00549.
On April 11, 2025, China’s State Council Tariff Commission issued an official notice announcing an increase in additional tariffs on imported US goods—from 84% to 125%. The new rate takes effect on April 12.
This move directly responds to the United States’ decision, announced on April 10, to impose a “reciprocal” 125% tariff on Chinese exports to the US.
Crypto Market Stays Calm Amid Escalating US-China Trade War
Despite escalating tensions between the world’s two largest economies, the cryptocurrency market has shown remarkable stability. Investors appear unfazed by the intensifying trade conflict.
Crypto market capitalization remains around $2.5 trillion. Bitcoin’s price holds above $81,000 after recovering 10% since April 9, when Trump announced a 90-day tariff pause, excluding tariffs on China.
According to the Chinese statement, the tariff hike follows China’s Customs Law, Tariff Law, and Foreign Trade Law. The government reaffirmed its commitment to international rules. It accused the US of violating global trade norms and called Washington’s policy “unilateral bullying.”
Notably, China warned that it would not respond to further tariff increases from the US, arguing that American goods have already lost their competitiveness in the Chinese market at the current tariff level.
“Given that US exports to China are no longer market-viable under the current tariff rate, China will not respond further if the US continues to raise tariffs on Chinese goods,” the statement said.
The tariff dispute is not new. Since 2018, the US and China have imposed retaliatory tariffs on each other. Key sectors affected include agriculture, tech, and energy.
The latest hike pushes tariffs to a record 125%. Economists warn this could disrupt global supply chains, raise prices, and add pressure to inflation in both nations.
China’s tariff hike sends a strong message about its tough stance in trade negotiations. While the crypto market remains stable for now, analysts urge investors to monitor upcoming developments—especially any potential response from the US.
If no resolution is reached, the ongoing standoff could trigger a broader economic fallout. The world is now watching to see whether the trade war will de-escalate or further entrench the divide between the two economic superpowers.
Pi Network (PI) has been down more than 8.5% in the last seven days. It has traded below $0.65 for six straight days but crashed below $0.60 today. The trend remains weak, with price action stuck below the Ichimoku Cloud.
The altcoin’s RSI briefly went above 50 but has dropped back to 45, showing fading bullish momentum. EMAs are still bearish. It’s hovering just above key support, and the next move may decide between a deeper drop and a potential rebound.
Pi Network Faces Bearish Pressure Below the Ichimoku Cloud
Pi Network is still trading below the Ichimoku Cloud, signaling a bearish market structure overall. However, a potential shift may be developing, as the blue Tenkan-sen (conversion line) has recently crossed above the red Kijun-sen (base line).
This crossover is often seen as an early bullish signal, especially if confirmed by rising volume or a move into the cloud.
The Chikou Span (lagging line) is still below both the price candles and the cloud. This means any upside move has not yet been confirmed.
For a real trend reversal, PI must break into and above the cloud. The future cloud must also turn green, with all Ichimoku signals aligning bullishly.
Right now, the setup shows indecision. There’s a short-term bullish crossover, but the price is still under the cloud, and the broader trend remains bearish.
Pi Network Momentum Slows as RSI Dips Below 50
Pi Network’s RSI currently sits at 45.41, easing off after a sharp rally from 28.49 to 54.40 just two days ago. This indicates a slowdown in momentum following a brief period of recovery.
The pullback from above 50 suggests that buying pressure has weakened, and PI is entering a more neutral zone, where neither bulls nor bears are in full control.
The quick reversal also reflects uncertainty in the current price trend.
The Relative Strength Index (RSI) is a momentum oscillator ranging from 0 to 100, commonly used to identify overbought or oversold conditions.
Readings above 70 suggest an asset may be overbought and due for a correction, while readings below 30 indicate oversold conditions and potential for a bounce. Values between 30 and 70 are considered neutral, with 50 as the key pivot point.
PI’s current RSI at 45.41 is below that threshold, hinting at a slight bearish lean unless the metric turns back upward. If RSI continues to decline, it may reflect growing selling pressure and a risk of further price weakness.
Pi Network Hovers Near Key Support With Bearish EMAs
PI price is trading just above a key support at $0.59, with bearish pressure building.
If this level is tested and broken, the next important supports lie at $0.547 and $0.40, potentially exposing the token to a deeper correction.
The Exponential Moving Averages (EMAs) remain in a bearish alignment, with short-term EMAs positioned below the long-term ones. This structure typically signals that the broader trend is still downward.
However, if the trend reverses and buyers step in, PI could climb to test resistance at $0.648, followed by $0.682.
A breakout above both—especially if supported by volume and a bullish EMA crossover—could push the price toward $0.789, signaling a shift toward a more sustained uptrend.
