Pi Network’s native token PI has staged a modest rebound after a June‑wide crypto market slump, climbing from a $0.12 all‑time low to $0.135 according to CoinGecko data.
Recent Price Movement
During the market downturn, PI’s valuation slipped to $0.12 and its market capitalization briefly dipped below $1.3 billion. Over the following two weeks, the token recovered roughly 6 percent, stabilizing at $0.135.
Technical Outlook
Crypto analyst Crypto With Gopal identified a classic head‑and‑shoulders formation on PI’s chart, a bearish pattern that often precedes a corrective move. The analyst noted that buyers are defending the neckline aggressively, while bulls attempt to regain momentum.
Pi Network News on X highlighted PI’s bounce off the $0.13 support level and warned that $0.14 serves as a key sell wall. The outlet added that bullish momentum may depend on Bitcoin (BTC) maintaining prices above $60,000.
Future Catalysts
Market observers suggest that if PI can break the $0.14 barrier, the next resistance zone lies between $0.15 and $0.155. Investors will likely watch Bitcoin’s price trajectory closely, as a sustained BTC rally could unlock further upside for the PI token.