Pi coin (Pi Network/PI) is making a recovery after its recent price crash to an all-time low of $0.07059 on July 14, 2026. PI’s price has surged 11.3% in the last 24 hours and 7.7% in the last week, according to CoinGecko’s PI data. Despite the upswing, PI is still down by 16.3% in the 14-day charts and more than 30% over the previous month. The coin has also fallen by nearly 97% from its all-time high of $2.99, which it reached in February of last year.
What’s Behind Pi Coin’s Price Recovery?
Pi coin’s latest price upswing could be due to investors buying the dip after its price fell to an all-time low. The PI team announced a 130 million token unlock which led to a massive price correction for the coin. The sudden supply spike announcement may have spooked investors. Big token unlocks usually lead to price dips as supply increases and demand more-or-less remains the same.
Pi coin’s (PI) resurgence could also be due to the team announcing the protocol v25 upgrade scheduled for July 22, 2026. The new upgrade will focus on improving network stability and reliability. The move may have elevated investor sentiment after the recent crash.
Can The Rally Sustain Itself?
Pi coin has lost substantial luster over the last year. The asset climbed to a peak when the larger market was struggling, but the rally did not last very long. Pi Coin’s (PI) price recovery also comes after Bitcoin (BTC) reclaimed the $64,000 price level. It is possible that PI is simply following the larger market trend.
Also Read: BlackRock CEO Remains Bullish On Bitcoin, Bullish 12 Months
Given the bearish market environment and a risk-off approach by investors, there is a high chance that Pi coin will not be able to sustain its rally. The coin may face a correction or enter a sideways trajectory in the coming days.
Credit: Source link