Pi Network’s price has bounced back sharply over the past few days, recovering a portion of the losses it suffered earlier this week. While the rebound has brought some short-term relief to investors, analysts remain cautious about whether the gains can last.
The Pi Network token climbed to $0.1870, rising about 23% from its weekly low. This recovery lifted its market capitalization to over $1.5 billion, while daily trading volume reached $16 million, noticeably higher than recent averages. The move suggests renewed activity around the token, though it remains far below earlier levels.
Market-wide recovery supports Pi
Pi’s rebound has largely followed the broader crypto market. Bitcoin has moved back toward $90,000, helping push the total crypto market capitalization back to around $3 trillion. As risk appetite returned, several altcoins — including Pi — found short-term support.
Political developments also played a role. The rally came after Donald Trump’s speech at the World Economic Forum in Davos, where he ruled out using force in Greenland and later said the US had reached a deal on the semi-autonomous state. The comments appeared to ease market concerns, adding to the positive sentiment across financial markets.
At the same time, Pi Network received a boost from a new developer update. The team unveiled a new library that combines the Pi SDK and backend APIs, making it easier for developers to integrate Pi payments into their applications. According to the developers, this setup allows payments to be enabled within minutes, potentially encouraging wider adoption.
Risks still cloud the outlook
Despite the recent bounce, Pi Network continues to face several challenges. Its ecosystem remains far less active than major platforms such as Ethereum and Solana. In addition, large token unlocks are scheduled ahead, with more than 1.2 billion tokens expected to be released over the next 12 months, increasing supply pressure.
Exchange access is another concern. Since its mainnet launch, Pi has yet to secure a tier-1 exchange listing, limiting access for millions of traders. The project has also drawn criticism for its high level of centralization, with the Pi Foundation holding billions of coins across hundreds of wallets.
Technical signals remain mixed
From a technical perspective, Pi recently fell to a record low of $0.1520 before rebounding. The price formed a double-bottom pattern and a hammer candlestick, both often seen as signs of a short-term reversal.
However, risks remain. The token is now approaching key resistance near $0.1933, a level last seen in mid-December. A failed attempt to break above this zone could trigger a renewed sell-off. Pi also continues to trade below all major moving averages and the Supertrend indicator, suggesting that the broader trend remains bearish.
If selling pressure returns, analysts warn that Pi could once again test its all-time low of $0.1520. For now, the rebound offers hope — but the path forward remains uncertain.
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