Pi Network’s PI Token Jumps 33% to $1 as Crypto Markets Rebound
Pi Network’s native token Pi has broken free from months of bearish pressure with a sharp 33% price surge, surpassing the $1 milestone. This rally comes after an extended downturn that pushed the asset to a record low of $0.40 in May amid broad market skepticism.
Technical indicators turned bullish last Friday when PI spiked 20% in a single trading session, sparking optimistic price forecasts ranging from $1 to $5. Analysts credit the momentum shift to renewed retail interest and short covering following prolonged consolidation around $0.60.