Pi Network Price Analysis as White House Posts Stir Public Reaction

Pi Network price is down 86% from its ATH of $2.98, but technical analysis hints at a potential bottom formation. However, recent White House posts on Donald Trump stir public reaction. With Trump announcing a 90-day pause on tariffs, is Pi Coin ready for a bullish reversal?

Pi Network Price Analysis as Recent White House Posts on Trump Shocks Public

Trump’s tariff war has affected the risk-on markets, the stock and crypto markets alike, including the likes of Pi Network as well. Pi Coin’s value today is $0.59 after dropping nearly 2% on April 10. 

The official White House account posted “LET HIM COOK!” with a photo of Mr. Donald Trump. Many users were shocked to see this post. One person responded, “Who tf is running this account lmao” while another wrote “I can’t fucking believe this came out of the White House.  But it did.”

Another post from White House said, “DO NOT RETALIATE AND YOU WILL BE REWARDED.” This post is in reference to the US and China tariff war that has been ongoing for quite a few days. 

Jay Nordinger responded to this post, “This is apparently an official account. Does anyone think this is beneath the dignity of the United States?”

Even before these posts, Trump wrote “This is a great time to buy!!! DJT,” just before he announced a 90-day pause of tariffs. This move from Trump caused one of largest single days moves on Wednesday. 

Regardless, Pi Network price has collapsed 86% due to the state of Bitcoin price, macroeconomic conditions and tariff wars. However, since its ATH of $2.98, the token  has been producing lower lows, indicating a downtrend. The recent development created a higher low, suggesting a potential shift in momentum favoring bulls. Will this key move lead to a bottom formation and bullish reversal? Lets find out.

Is Pi Coin Price Bottoming?

In the past 37 days. Pi coin price crashed 85% from $2.98 to $0.40. However, in the five days since this low, Pi Network token is up 52% and is showing signs of a potential bottom formation. 

For the $0.40 swing low to be a bottom, the altcoin needs to recover above $0.60 and $0.62 resistance levels and flip it into a support floor. This move will lead to higher lows, further confirming buying pressure or demand from buyers. 

Additionally, if Pi Coin manages to overcome the $1 psychological level and create a swing high, it will be the second key signal that hints that a bull reversal is in play. Beyond this, if the macroeconomic outlook remains safe with Trump ending his trade war, it could prompt Bitcoin price to catalyze a rally. In such a case, Pi Coin could follow suit and attempt a revisit these key resistance levels at $1.19, $1.42, and $1.72. 

To conclude, the outlook for Pi Coin price prediction looks bullish from technical analysis perspective, with all eyes on the $0.62 and $1 levels. A flip of these could reignite the bull run and propel Pi Network price to ATH of $2.98.