Pi Network’s Price Recovery Sparks Hope Among Cryptocurrency Traders

The Pi Network price just bounced back 28%—enough to put it back on traders’ radars. After a significant drop, the token has recovered into the range of $0.58 to $0.66. This unpredictable movement has traders closely observing, questioning whether this represents a mere dead-cat bounce or a sign of something more substantial.

Pi Network Price: Market Standing and Upcoming Token Unlocks

The network faces a supply surge of 1.5 million tokens now unlocked, with an additional 160 million on the horizon. The current valuation stands around $94 million, leading to mixed sentiments in the market. Trading volume has decreased by 37% over the last 24 hours, settling at about $298.5 million.

🚨 BREAKING | ZyptoApp
Pioneers can now pay their real-world bills using $Pi. ⚡
This service is rolling out in multiple countries, including India and the US, connecting with over 21,000 billers in the US alone.
— drealFx || π 💵 (@okere_eberechi) April 29, 2025

Since April 16, Pi Network has remained in a consolidation phase, frequently oscillating between $0.60 support and $0.66 resistance. Technical indicators suggest indecision within the market, with neither side asserting dominance.

Could Pi Reach $3 by June?

Amid this consolidation, some optimistic forecasts have emerged. Analysts are eyeing July for a potential leap to $3 for Pi, contingent on favorable market conditions or earth-shattering news from the Pi Core Team.

In particular, rumors surrounding a possible token burn to diminish supply could act as a significant catalyst for a potential price increase.

$PI is precariously positioned.
It’s been stagnant since April, with waning momentum amidst unlocking pressures leading to risk of breakdown.
With 131 million+ tokens poised to flood the market monthly, dilution threatening unless major updates or burns are implemented soon.
— brarno882 (@brarno882) April 29, 2025

The journey to $3 faces several obstacles. The looming token unlocks could unleash tremendous pressure if market sentiments change unfavorably. Currently, Pi is stuck in consolidation, lacking any substantial updates to initiate a breakout. Compounding this are regulatory uncertainties and delays with launching an open mainnet, obscuring potential pathways.

What’s Next for Pi Network?

At present, Pi Network’s tracking pattern suggests a landscape of careful optimism. Attaining higher price levels, including the ambitious $3 target, depends on market movements, decisions regarding tokenomics, and broader adoption.

Key Takeaways

After significant drops, the token has settled within a tight range of $0.58 and $0.66, making observers question if this is a fleeting bounce or the groundwork for something larger.
The Pi Network is currently trading within a narrow band of $0.60 for support and $0.66 for resistance.
A torrent of token unlocks is on the horizon, with risks of sentiment reversal that could exert tremendous pressure.