Despite PI Network’s (PI) weak monthly performance facing a nearly 60% drop, short-term charts indicate a more hopeful outlook. Market data shows PI hit a historical low of $0.407 on April 5, but immediately bounced back, crossing $0.75 just a day later. However, due to severe fluctuations caused by Trump’s tariff war, it has once again entered a downward trend. Nevertheless, PI is currently considered one of the top-performing tokens daily, with a growth of about 13% today, approaching $0.7 again. As a result, PI’s market value has reached $4.7 billion and ranks 27th among top digital assets. It’s worth mentioning that in the past, PI had approached the top 10 altcoins threshold, with its price nearing $3. Despite recent growth, there are concerns about short-term selling pressure since around 10 million new PI tokens will be released by April 18. This extensive supply could increase selling pressure and once again reduce the price.
