Projected Value of Pi Network (PI) for the Current Week

Following a significant correction, the Pi Network has reached a bottom, sparking speculations of an impending price reversal. After a 65% plunge from its recent peak of $1.7, PI found a base at around $0.67, from where buyers have started to make a comeback.

This rebound has pushed the value to $0.8 and it might even challenge the resistance set at $0.88. Recently, PI has seen a significant increase in buying pressure, causing a price surge of over 20% from its recent low. However, buyers need to breach the crucial resistance at $0.88 to maintain this momentum, potentially enabling PI to reach $1 again.

Despite a drop in volume since the early May rally, buyer engagement is improving, suggesting a possible recovery. However, a sustainable recovery would require more buyers.