In a significant uplift for Pi crypto holders, the price of Pi is rebounding with a +3% increase in the last 24 hours, kindling hopes for a recovery within the Pi Network.
This resurgence follows a challenging month marked by declining prices for what was one of the most eagerly awaited airdrops of 2025 at its launch.
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Just a week prior, the announcement of a partnership with Telegram rekindled optimism among holders, with many hoping Toncoin would generate new trading volumes. However, this expectation has yet to materialize.
Despite the recent bounce, Pi Network has seen a 19% decline over the past week, reflecting the broader trend of a cryptocurrency market downturn, which has caused significant losses in value due to Donald Trump’s drastic trade tariff measures.
PI Price Analysis: Can a +3% Move Ignite a Recovery Rally for Pi Crypto?
Currently, Pi crypto is trading at a market price of $0.60, marking a 24-hour increase of +3% as it demonstrates resilience at a vital moving average retest.
This situation arises within a high-time frame channel that has constrained Pi’s price in a downtrend since the all-time peak on February 26.
Recently, fleeting hopes of a breakout were dashed when the price met resistance at the upper trendline around $0.80.
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Despite this, Pi crypto appears to be holding strong support above the 20DMA, which may pave the way for another test of the trendline resistance.
This upward move is crucial as Pi sets its sights on breaking through the $1 mark to confirm a reversal rally.
However, this outcome seems doubtful as the RSI is rapidly reaching an overbought condition on the $0.8 retest, only to cool to a neutral 48.5, indicating support at the current MA20.
In summary, this hints at either a consolidation phase as the market opens next week or a potential loss of moving average support in the upcoming days.
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