Pi Network Holds Firm at $0.61 Amid Growing Recovery Signs

While the broader sentiment remains cautious, subtle shifts in technical indicators, trading activity, and project updates suggest the potential for a trend reversal.

The broader cryptocurrency market sentiment remains largely cautious, but within this quiet backdrop, some subtle shifts in technical indicators, trading activity, and project updates suggest that a trend reversal could be brewing.

One such cryptocurrency that has been showing signs of recovery is Pi Network (PI).

Pi Network’s mainnet coin migration is still ongoing, with over 12 million users completing the process.

The project, founded by Stanford graduates in 2019, aims to create an inclusive crypto ecosystem by enabling users to mine Pi Coin from mobile phones using the Stellar Consensus Protocol.

Its goal is to expand the use cases of blockchain technology and cryptocurrencies to a broader audience.

Pi Network’s Long-Term Trajectory Depends Heavily on Its Mainnet

Beyond price charts, Pi Network’s long-term trajectory depends heavily on its mainnet rollout and expanding user base.

Its goal is to create an inclusive crypto ecosystem by enabling users to mine Pi Coin from mobile phones using the Stellar Consensus Protocol.

According to the latest data, Pi crypto has climbed over 5% in the past 24 hours and 14% in the past month, while daily trading volume has risen by nearly 7% to $139.4 million.

According to the latest data, Pi crypto has climbed over 5% in the past 24 hours and 14% in the past month, while daily trading volume has risen by nearly 7% to $139.4 million.

According to the latest data, Pi crypto has climbed over 5% in the past 24 hours and 14% in the past month, while daily trading volume has risen by nearly 7% to $139.4 million.

Pi Network Coin was trading at around $0.61, up 4.97% in the last 24 hours at press time. Source: Brave New Coin

The Relative Strength Index (RSI) sits just above 42, inching away from oversold territory.

If bullish momentum builds, the next resistance lies near $0.70, followed by more ambitious targets around $0.78 and $0.90.

According to the latest data, Pi crypto has climbed over 5% in the past 24 hours and 14% in the past month, while daily trading volume has risen by nearly 7% to $139.4 million.

Pi Network Coin was trading at around $0.61, up 4.97% in the last 24 hours at press time. Source: Brave New Coin

The Relative Strength Index (RSI) sits just above 42, inching away from oversold territory.

If bullish momentum builds, the next resistance lies near $0.70, followed by more ambitious targets around $0.78 and $0.90.