After a steep drop, Pi Token is showing its first signs of recovery. But several major hurdles remain, threatening its ability to regain momentum and stay above the crucial $1 level.
At the time of writing, PI Coin is trading at $0.7796, reflecting a 6% gain in the past 24 hours. Still, the token is down 38% over the past week and remains over 70% below its all-time high of $2.99, reached in February.
Trading volume has slightly improved, surpassing $221 million in the last 24 hours, signaling a renewed spark of market interest. However, technical indicators send mixed signals.
📊 Chart Says: Recovery or Bull Trap?
A look at the daily chart paints a conflicted picture. The Relative Strength Index (RSI) hovers around 51 — a neutral zone. While longer-term moving averages (20-day and 30-day) are starting to show signs of buying strength, shorter-term averages (10-day EMA and SMA) still flash bearish warnings.
Support appears to be forming at $0.77, but to confirm a true trend reversal, the token would need to break resistance at $0.84. Without this, any bullish case remains fragile.
🚧 Bigger Problems Beyond the Charts
Despite technical optimism, Pi Network still faces fundamental challenges that weigh heavily on its recovery potential:
🔹 Ongoing KYC verification delays prevent many users from accessing their tokens. This has sparked frustration, particularly among early miners who expected to freely use or trade their holdings.
🔹 PI is still not listed on major exchanges like Binance or Coinbase, which limits liquidity and slows wider adoption.
🔹 The community is voicing concerns over the lack of transparency from the development team. There are also unresolved questions surrounding the $100 million Pi Network Ventures fund, which was supposed to support ecosystem growth — yet has shown no real progress.
👥 60 Million Users — But What’s It Good For?
The network reportedly has around 60 million users, making it one of the largest in the crypto space. Yet PI has very little real-world utility.
🔸 DApps? Nearly nonexistent.
🔸 DeFi services? Missing.
🔸 Real-world demand beyond speculation? Minimal.
Events like PiFest helped generate hype, but without working products or genuine use cases, price rallies tend to be short-lived.
📉 Will $1 Remain Out of Reach?
If PI can hold above $0.77 and break past $0.84, it could retest the $1 level. Otherwise, the price risks falling back to the $0.70 range.
Unless key issues — token accessibility, top-tier listings, and ecosystem development — are addressed soon, any lasting price growth will remain difficult.
💬 Do you think Pi Network has real potential — or is it just another short-lived trend?
#pi , #PiNetwork , #CryptoAnalysis , #CryptoNewss , #CryptoMarket
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
