Pi Network Shows Signs of Recovery After Significant Downturn

Pi Network's price has increased by 5% to $0.3662, providing some relief following a 21% drop over the past month. Despite this modest rebound, the token remains 88% below its all-time high of $2.98 reached in February 2025. The August record low has sparked speculation about a potential surge above $1.

Technical analysts have identified a bullish falling wedge pattern, though they caution that prices could still dip to the $0.25-$0.30 support range before any significant breakout. Key resistance levels to watch are $0.60-$0.70 and $1.20-$1.30 if the recovery gains traction.

"The lower the Pi price, the more excited the community should be," says Dr. Altcoin, suggesting that current levels offer an ideal accumulation opportunity. Market participants are now looking for catalysts that could drive a sustained recovery for the project.