Pi Coin Eyes Comeback—Could It Outperform Bitcoin Next Month?

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• Pi Coin shows signs of recovery with a 15% jump and a bullish ascending triangle pattern, targeting $1 in April.
• Bitcoin’s breakdown from a rising wedge suggests a potential decline, while Pi Coin could temporarily outperform in April.

As April 2025 approaches, market analysts are closely watching Pi Coin (PI) for signs of a possible recovery after it experienced a decline earlier this year. The token, as reported by ETHNews, which peaked at nearly $3 in February, has since dropped over 70%, largely due to hype around its open mainnet launch and a series of token unlocks.

Pi Coin’s sudden price drop has brought the token into deeply oversold territory, as indicated by its Relative Strength Index (RSI). This technical indicator suggests that PI could be poised for a reversal, as it has recorded a 15% jump from recent lows. More importantly, the price action is forming an ascending triangle on the charts, a pattern traditionally considered a bullish signal.

An ascending triangle occurs when the price fluctuates between rising trendline support and horizontal resistance, indicating that bearish pressure is weakening. This pattern is also notable after a decline, suggesting a possible breakout could be on the horizon. 

Traders often use the triangle’s maximum height to set a breakout target. In the case of Pi Coin, this analysis suggests that PI could surge to approximately $1 in April, marking a 15% increase from its current price.

Although the Pi Network community remains hopeful for a Binance listing, which has received 88% support in a recent vote, no official confirmation has been made yet. Despite this, the technical outlook is positive for Pi Coin as it moves through its recovery phase.

Bitcoin Faces Potential Downturn Amidst Rising Wedge Breakdown

In contrast, Bitcoin’s (BTC) technical situation is less favorable. Bitcoin has recently broken down from a rising wedge pattern, a chart formation that often signals a reversal in the market. The breakdown occurred on March 28, with Bitcoin falling below the support level of $86,000.

The rising wedge typically forms during an uptrend, with price action narrowing within two upward-sloping trendlines. When the price falls below the lower trendline, it signals a possibility for further declines. In Bitcoin’s case, this breakdown’s target is $79,742, based on the pattern’s maximum height.

Could Pi Coin Outperform Bitcoin in April?

With Bitcoin entering a correction phase and Pi Coin showing signs of recovery, April 2025 could be a period where Pi temporarily outperforms Bitcoin. This shift would likely be driven not by fundamental factors but by technical rebounds in both assets. While Pi Coin has a long way to go to recover from its steep losses, the ascending triangle pattern suggests that its price could climb higher in the short term.

Bitcoin, on the other hand, faces challenges from its recent breakdown and bearish indicators. Despite Bitcoin’s solid fundamentals, its price may struggle to gain momentum soon, leaving the door open for Pi Coin to briefly take the lead.