PI Token Bounces Back 20% After 65% Plunge - $1 Retest in Play?

Pi Network’s PI token is showing signs of stabilization following a steep 65% correction from its recent all-time high of $1.70. The digital asset found strong support NEAR $0.67, triggering a 20% rebound to current levels around $0.80 as of May 21, 2025.

Technical analysts highlight $0.88 as a critical resistance level. A confirmed breakout could pave the way for a retest of the psychologically important $1.00 milestone. While trading volumes remain below previous highs, there are early indications of returning buyer interest.

The price action suggests potential trend reversal formation, though sustained upward movement will require Pi to overcome key technical barriers. Traders are monitoring whether accumulating buy-side pressure can absorb remaining sell orders at higher price levels.