Pi Network Shows Signs of Recovery: Analysts Watch for Potential Breakout Amid Market Volatility

Pi Network's price saw a modest 5% increase to $0.3662 today, providing temporary relief following a steep 21% monthly decline. The token remains significantly down, trading 88% below its all-time high of $2.98 reached in February 2025. August's record lows have sparked discussions about its potential to reclaim the psychologically important $1 level.

Technical analysts have identified a bullish falling wedge pattern, suggesting a possible reversal. However, they caution that the price may first retest support levels between $0.25 and $0.30 before any significant upward movement. If momentum builds, resistance zones at $0.60-$0.70 could be tested, with secondary targets at $1.20-$1.30. "Current price levels present attractive accumulation opportunities," observed Dr. Altcoin, recommending that the Pi community consider these levels as strategic entry points.

Fundamental developments, including upgrades to the PI Wallet, could serve as catalysts for recovery. Nevertheless, the project continues to face substantial technical challenges and adoption hurdles. Market participants are closely monitoring whether this price movement represents a temporary bounce or the beginning of a sustainable recovery trend.