Pi Network’s price has faced a significant crash this year, with the token sliding from nearly $3 after its mainnet launch in February to its current value of $0.7925. This has cost investors billions as the sell-off continues. There are several factors behind this price crash. The most notable one is the lack of listings on mainstream exchanges. Despite the success of its mainnet launch, major crypto exchanges like Binance, Coinbase, Bybit, Kraken, and Upbit have not listed the Pi Network token. Binance, in particular, surprised many when it didn’t list Pi Coin, even after a poll showed overwhelming support for it. Bybit’s CEO went further to label Pi Network a scam, a claim that the Pi developers have denied.

However, there is hope for Pi Network as some of these exchanges are expected to list the token later this year. Such a listing could significantly push the token’s price higher. A similar event occurred when the Orca token saw a price surge of over 200% after it was listed on Upbit, one of South Korea’s biggest exchanges. This potential listing is a key point for investors to watch, especially as Pi has a market cap of over $8 billion and could see a revival in price with the right exchange backing.

Another reason for the price downturn is the issue of future dilution. As the token unlocks continue to rise, Pi’s existing holders are facing the dilution of their investments. Pi Network has plans to unlock over 1.6 billion tokens in the next year, which means a constant influx of new tokens into the market, driving prices down further. This dilution effect has already had a notable impact on Pi’s value.

On top of these factors, the ongoing crypto market crash has also contributed to the price slump. Bitcoin and other major altcoins have experienced a decline, as concerns over Donald Trump’s tariffs continue to weigh on the market. This overall market downturn has compounded Pi’s struggles, keeping buyers on the sidelines and further adding to the downward pressure on its price.

Despite these challenges, technical analysis suggests that the sell-off may be losing momentum. The Average Directional Index (ADX), which measures trend strength, has dropped from near 60 to just 15, signaling a weakening trend. Additionally, the BBTrend indicator has formed a bullish divergence pattern, which often precedes a price reversal. Furthermore, the Pi Network token price is nearing a confluence point within a falling wedge pattern, a classic bullish reversal formation.

These technical signals point to a possible bullish breakout in April, with Pi Network’s price potentially rising to $1.7980, marking an increase of 127% from its current price. This resurgence could provide much-needed relief for investors who have been impacted by the ongoing crash, and the listing of Pi on major exchanges could further amplify the upward momentum.