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While most cryptocurrencies are grappling with losses, Pi Network (PI) is showing unexpected resilience. The token has gained over 1% in the last 24 hours, defying the downtrend that dominated recent weeks. After successfully holding the critical $0.80 support, bullish sentiment appears to be resurfacing within the Pi community.
Strong Rebound After Major Correction
Following its official launch on February 20, 2025, PI quickly soared to $3—its all-time high—within just six days. However, the momentum didn’t last. The token plunged over 70% in a steep correction, dropping below the $0.75 level. Analysts flagged this price zone as a crucial support level that could serve as a turning point.
Recent price action suggests this prediction may be playing out. PI has now bounced back by approximately 14% from its bottom. According to CoinGecko data, it has risen more than 1% in the past day alone—an especially notable move on a day when Bitcoin slipped below $84,000 and most altcoins dropped over 5%.
Traders are increasingly eyeing the $1.20 level as the next major resistance. Rising trading volume is lending weight to the bullish case, while on-chain data shows a sharp decline in exchange-bound token transfers. In the past month, over 300 million PI tokens were moved to exchanges. Today, that number has plummeted to around 1 million, reflecting a significant reduction in selling pressure.
Ecosystem Updates Fuel Optimism
Beyond price movements, developments within the Pi Network ecosystem are also helping restore investor confidence. One of the most anticipated features—PI token integration with Telegram wallets—has generated significant excitement. This move could enhance usability and boost adoption across the user base.
In a market environment dominated by bearish sentiment, the rise of next-gen projects like PI stands out. According to The Bit Journal, these alternative assets may attract investor attention seeking growth outside the mainstream crypto headlines.
However, caution remains critical. PI’s extreme price swings in the past highlight the need for careful decision-making. While short-term rallies can be promising, questions around long-term sustainability are still in play.
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Disclaimer
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
