PI Price Outlook

The token managed to recover some lost ground over the past week, rising by 10% during that period and currently trading just below $0.40. The resurgence has brought back some optimism among the PI community.

X user Alpha Crypto Signal assumed the asset is currently forming “a clean cup and handle pattern on the 4H timeframe.” They outlined the $0.38-$0.40 range as “the crucial support for this bullish setup,” envisioning a potential rally to $0.50-$0.52.

MOON JEFF also chipped in, claiming that Pi Network is among the few layer-1 blockchains with real users. “Everything in PI is very organic. This is one of the few good things about the Network. Humans will pump it up,” he added.

It is worth noting that, despite the evident rebound over the last seven days, PI’s price remains significantly below its peak of roughly $3, witnessed in February of this year. Moreover, numerous altcoins performed much better than it in the past week, and the asset is no longer part of crypto’s top 50 club.