While instability dominates the crypto universe, the Pi Network created surprise with a 50% increase in 24 hours. This spectacular jump, which occurred after a prolonged decline, revives attention around a project still seeking institutional recognition. However, behind the apparent enthusiasm, contradictory signs remain. Does this rebound mark the beginning of a solid recovery or does it resemble a mere transient surge?
A 50% increase despite persistent selling pressure
The Pi Network cryptocurrency experienced a spectacular increase in activity, rising 50% in 24 hours to reach $0.64. This upward movement comes after a decline of over 70% since its peak in February, which was $2.98.
Such a striking contrast illustrates the strong volatility of the token, whose market journey is still marked by speculative dynamics and a lack of consolidated fundamentals. Optimistic investors managed to push the price back to $0.64, a performance that draws attention, given the downward trend observed in recent weeks.
Furthermore, one of the main causes of the Pi Network's decline in recent weeks lies in the unbalanced dynamics between supply and demand, fueled by internal ecosystem mechanisms:
The supply of Pi Network continued to increase with the unlocks, which exerted pressure on the price.
Demand did not keep up with the pace of supply increase, which disrupted the market.
The absence of an official listing on major platforms limits liquidity and reinforces volatility.
Tokens continue to be released, which fuels sales in the secondary market.
This series of structural factors weighed heavily on the price, before a technical recovery occurred that still needs to be confirmed.
20% discount with the code CA24COINTRIBUNE
This link uses an affiliate program
Technical resistances and the absence of official listing
The recent recovery of the Pi Network raises questions about its sustainability. Thus, analysts mention the need for the token to overcome several key technical levels before considering a lasting consolidation above $1.
The next important resistance is at $0.80, followed by $0.90. These levels will be decisive in assessing the cryptocurrency's ability to maintain its current momentum. For now, nothing guarantees that buyers have enough strength to push the token beyond these barriers, especially considering that the project's fundamentals are still limited.
Another factor hindering the progress of the Pi Network is the absence of a listing on major centralized exchange platforms. The token is still traded informally or through alternative solutions, which considerably limits its liquidity and visibility to the general public.
However, token unlocks continue, a concerning factor for investors seeking stability. Indeed, this combination of technical and structural factors maintains potential downward pressure, even in a recovery context.
Can Pi Network turn this crisis into a catalyst for maturity? Indeed, the project must first demonstrate its ability to generate value beyond speculation. The challenge is great, as only true adoption, driven by concrete uses, could stabilize the token and ensure its legitimacy. In the absence of this, there is a significant risk of seeing the Pi Network cryptocurrency return to its recent deviations, chronic volatility, and purely speculative interest.
