Pi Network Shows Signs of Recovery After Sharp Downturn, Analysts Watch for Bullish Reversal

Pi Network's price saw a 5% increase to $0.3662 today, providing brief respite following a 21% monthly drop. The cryptocurrency still trades 88% below its all-time high of $2.98 reached in February 2025, with August's record lows challenging investor confidence.

Technical analysts have identified a falling wedge pattern—typically a bullish signal—but warn that support levels between $0.25 and $0.30 may be tested first. A successful breakout could see initial targets of $0.60-$0.70, followed by potential milestones at $1.20-$1.30. "The deeper Pi falls, the greater the opportunity," observes Dr. Altcoin, hinting at possible upside potential from current lows.

Fundamental factors like PI Wallet integrations may drive recovery, though the journey back to $1 remains uncertain. Market participants are monitoring whether this uptick represents a temporary bounce or the beginning of a sustained reversal.