PI Network (PI) April 8 price forecast: Will PI reach $3 again?

The price of PI coins has rebounded. Can it return to $3? Latest PI Coin News Analysis

The PI coin news on April 8 continues to be optimistic, and the PI coin price is recovering from the market downturn. Bullish forecasts show that PI coin prices are expected to hit new highs. The sentiment of community members also rose, and many people asked: "Can PI coin reach $3 again?" Let's analyze today's PI coin news in depth and explore the possibility of it returning to $3.

PI coins rebounded strongly today?

Today, the price of PI coins rose 6.54% to $0.5817. Despite this, the recent decline cannot be ignored, with a weekly decline of about 19.26%. The highest price of PI coins is US$3.84, 51.72% higher than the current price. But today's price volatility showed bullish signs, hitting a high of $0.6102. The shift in market sentiment, from short to long, may be attributed to some positive fundamental factors.

Can PI coins continue to be bullish?

The rebound in PI coin prices indicates that the market and investors are regaining confidence in PI coin. The cooperation with the BANXA platform has also improved the accessibility of PI coins, and investors can use a variety of payment methods to purchase PI coins. PI coins have been launched on exchanges such as OKX, MEXC, LBANK, BITGET, HUOBI GLOBAL, PIONEX and BITMART. In addition, the reduction in token unlocking this week also played a positive role in the PI coin market and sentiment.

The impact of token unlocking on PI coin price

According to data released by Piscan on April 8 (Figure 1), daily token unlocks were at the lowest monthly level from April 8 to 11, with an average of 1.5 million. But it will reach its highest value on April 18, with about 9.775 million, which will lead to a significant increase in market selling pressure. Therefore, as selling pressure increases, bearish sentiment may make a comeback next week. However, some crypto analysts remain optimistic about the future of PI coins.

Figure 1 - Data source: Piscan, Release date: April 8, 2025

Is this a good time to buy PI coins? What does the encryption expert say?

Well-known crypto analyst Moon Jeff made bullish predictions about the price of PI coins. He believes that PI coins have great potential as an asset and has multiple functions that will drive PI coins to new all-time highs. He gave a short-term price forecast with a target price of $3. This forecast is amid the continued decline in PI currency prices since February 27.

Can PI coins return to $3 in the short term?

According to crypto analysts' forecasts, whether PI coins can return to $3 is a complex question. It is possible to reach $3 in the short term, but it depends on a variety of market factors. This prediction is only possible if another cryptocurrency market crash is avoided. This will be more helpful if Pi Network implements a more effective destruction mechanism, reduces supply, increases market pressure and increases market sentiment.

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