Pi Network (PI) saw a wave of renewed momentum this week, climbing back into the spotlight after weeks of pressure.
Following a brief run as the number one trending coin on CoinMarketCap, PI staged a sharp rally—reaching a high of approximately $0.66 before pulling back to around $0.55 later in the day.
Despite the retracement, the token remains up by over 7% for the week, signaling a strong rebound as attention turns to the upcoming Pi2Day event.
Source – 99Bitcoins YouTube Channel
Pi (PI) Price Analysis
The week began with bearish pressure, with Pi falling to a low of around $0.47 on June 23. However, a strong reversal followed. Over the next three days, $PI surged more than 35%, topping out near $0.66 by June 26.
This V-shaped recovery pattern highlighted renewed investor interest, but also came with a fast correction. Profit-taking soon followed the peak, pushing the token back to the $0.55 range.
While this cooled immediate bullish enthusiasm, $PI still held a weekly gain, suggesting renewed resilience following recent volatility.
Still, uncertainty lingers. Many early miners—who acquired $PI for free—remain inclined to sell during brief rallies, creating persistent downward pressure.
This dynamic continues to weigh on the token’s ability to sustain momentum in the absence of clear fundamentals or major exchange listings.
Investor Anticipation Builds Around Pi2Day
Much of this week’s price action appears to be driven by growing excitement around Pi2Day, set for June 28. The event has become an annual milestone for the Pi community and is typically accompanied by project updates or ecosystem announcements.
While specific details are still under wraps, speculation is running high. Traders are hoping for updates related to the mainnet, enhanced utility for $PI, or even wider integrations.
In past years, similar anticipation has led to price spikes—often followed by corrections, a trend that seems to be repeating now.
Concerns Linger Despite Weekly Gains
Despite this rebound, Pi Network continues to face unresolved structural issues. The token is still down more than 26% over the past month, and its long-term outlook remains clouded by slow progress on KYC verification and mainnet accessibility.
Many users are still unable to claim or trade their $PI freely. Moreover, while the community remains large and vocal, real-world adoption beyond mobile mining is limited.
Without full ecosystem rollout or stronger infrastructure, $PI risks being driven more by speculative sentiment than sustainable growth.
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Source – BTC Bull Token Twitter
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