The post Pi Network Price News Today: Token Soars 50% in 24 Hours, Eyes on $1 appeared first on Coinpedia Fintech News
The PI token has managed to halt its dramatic freefall, posting a major rebound of nearly 50% in the past 24 hours. Despite this short-term recovery, the token has suffered a heavy loss—down 70% since its peak of $2.98 in February, with a sharp 17% drop just over the past week. At the time of writing, Pi coin is trading at $0.64.
Why the Sharp Decline?
Analysts point to the continuous unlocking of PI tokens as a key factor behind the steep decline. This process increases the token’s supply, while demand has struggled to keep pace, putting downward pressure on its price.
Key Resistance Levels to Watch
Looking ahead, if Pi can break through resistance levels at $0.80 and $0.90, it could potentially rally past the $1 mark. However, this optimistic scenario comes with caveats. Ongoing token unlocks and the absence of major exchange listings could continue to exert selling pressure.
Is This a Real Recovery or a “Dead Cat Bounce”?
While the recent price surge might signal a resurgence of investor interest, caution is advised. Some experts warn it could be a “dead cat bounce”—a temporary recovery after a steep decline, often followed by further losses. Speculators might be jumping in to secure quick profits, but history shows that such recoveries can be short-lived.
A New Perspective from the Community
One user shared a thoughtful take, suggesting that the Pi Network’s price drop, while painful, was a necessary reset. “After an overhyped mainnet launch, the coin surged on speculation, not utility,” the user explained. “The crash flushed out weak hands and forced a reality check—value can’t rely on mining gimmicks or KYC delays alone. It’s a chance for Pi to refocus on building real-world use cases and a sustainable ecosystem.”