On Tuesday, July 22, the price of Pi Network was trading at $0.4840, significantly down from its all-time high. This decline has caused Pi's market capitalization to drop sharply from $19 billion to $3.7 billion, "evaporating" billions of dollars in a short time.

However, there are still positive signals indicating that the Pi Network may soon recover strongly. Here are 3 main reasons why investors still hope for a rebound in Pi's price in the near future.

1. Strong Technical Signals: A Recovery Pattern is Forming

Technical indicators are showing that the Pi Network may be preparing for a major breakout:

  • The Bollinger Bands have been significantly narrowing over the past few weeks, indicating that the market is in a low volatility accumulation phase. Typically, this is a sign of a strong price movement approaching, often in an upward direction.

  • An illustrative example: In May, the Bollinger Bands also narrowed before the price of Pi surged nearly 200% due to a short squeeze effect.

  • On the chart, a double-bottom pattern has formed at the $0.40 level — a key support level. The resistance (neckline) is identified at $1.6656, the peak in May.

  • Additionally, Pi is forming a falling wedge pattern — a popular technical pattern that often leads to upward breakouts.

If Pi holds above the $0.40 mark and breaks above the neckline, the nearest target could be $1.

2. The Pi Network Ecosystem is Developing Strongly

Another factor supporting the price of Pi is the expansion of application ecosystems on the platform:

  • During the recent Pi2Day event, the development team announced the launch of Pi AI Studio, a platform that helps users build chatbots and AI tools without needing programming skills.

  • As of now, there have been over 7,600 chatbots and 14,100 custom applications created, with more than 34,800 pioneers participating in contributions.

  • In addition, the Directory Staking feature is encouraging users to stake Pi tokens to promote their applications. Over 37.7 million Pi tokens have been staked by 16,700 different users.

These numbers show that the Pi community is actively engaged and the ecosystem is developing in the right direction, enhancing the intrinsic value of the PI token.

3. Expectations for Listing on Major Exchanges

Currently, Pi is only being traded on a few exchanges such as OKX, Bitget, and Gate. However, the community is hopeful that soon, Pi will be listed on top exchanges like Binance, Upbit, or Coinbase.

  • The reason major exchanges are still cautious is due to the issue of centralization, as the Pi Foundation currently controls most of the supply.

  • However, if Pi can address governance issues, the opportunity for listing still exists — and this could be a major catalyst for the price.

  • The reality has proven: After being listed on exchanges, many projects like Arkham (+55%), Orca (+200%), and Ethena (+25%) have seen strong price increases within just a few days.

Conclusion: Be Cautious but Don't Overlook

Although the price of Pi Network is currently much lower than its peak, three factors including: optimistic technical signals, sustainable ecosystem development, and expectations for listing on major exchanges are opening up clear price increase opportunities. However, investors should also closely monitor the support level of $0.40, as breaking below this zone would invalidate the bullish scenario.