Will Pi Network’s Coin Outperform Bitcoin in April 2025?

Pi Network’s Pi Coin (PI) has dropped over 70% since peaking near $3 in February 2025, crashing under unrealistic hype surrounding its open mainnet launch and a wave of token unlocks. The sharp decline contrasts with Bitcoin, which has shown relative stability but is now facing its own technical challenges.

Let’s examine whether or not the Pi Network token can outperform Bitcoin in April 2025.

Ascending Triangle Points to $0.94 Target for Pi Coin

As of March 28, PI looks deeply discounted, given its Relative Strength Index (RSI) turned oversold just two days ago. Since then, its price has jumped by around 15% and, in the process, has formed what appears to be an ascending triangle.

For the unversed, an ascending triangle develops when the price fluctuates between a rising trendline support and horizontal trendline resistance, with higher lows showing that bears are losing control. Therefore, it is considered a bullish reversal pattern when forming after a strong decline.

PI’s 70%-plus correction followed by its ongoing ascending triangle pattern suggests an impending breakout.

As a rule of technical analysis, traders measure an ascending triangle’s breakout target by measuring its maximum height and adding the outcome to the breakout point, typically its horizontal trendline resistance.

Applying this technical rule on the PI/USDT one-hour chart brings its upside target to around $1, up by over 15% from the current price levels.

In April, a Binance listing remains a popular hope among traders, backed by 88% of community support in a recent vote. However, no official approval has come from the exchange.

Bitcoin, Despite Its Favorable Fundamentals, May Underperform Pi Network

Bitcoin has broken below the lower trendline of a rising wedge pattern on the 4-hour chart, signaling the potential start of a deeper correction.

This chart pattern typically forms during uptrends but often precedes a bearish reversal. It consists of two converging, upward-sloping trendlines, with price action gradually narrowing inside the wedge until a decisive breakout—or breakdown—occurs.

In this case, the breakdown happened on March 28, with Bitcoin falling below wedge support near $86,000.

The move confirms the bearish pattern and shifts market attention to the measured downside target at $79,742. This target is calculated by subtracting the wedge’s maximum height from the breakdown point.

Momentum indicators support the bearish outlook. The Relative Strength Index (RSI) has dropped below 50, suggesting a shift in market sentiment from bullish to neutral-to-bearish.

With Bitcoin turning lower and Pi potentially bottoming out, April could mark a period where Pi temporarily outperforms Bitcoin, driven not by fundamentals, but by a technical rebound from deeply oversold levels.