Pi Network Surges 50% in 24 Hours — Headed for $1 Soon?

While instability dominates the crypto universe, Pi Network surprised everyone with a 50% surge within 24 hours. This spectacular rebound, which occurred after a prolonged decline, rekindles interest in a project still seeking institutional recognition. However, behind the apparent enthusiasm, contradictory signals remain. Does this rebound mark the beginning of a solid recovery, or does it merely resemble a fleeting spike?

A 50% Surge Despite Persistent Selling Pressure

The crypto Pi Network experienced a spectacular resurgence in activity, soaring by 50% in 24 hours to reach $0.64. This upward movement follows a drop of over 70% from its February peak of $2.98.

This striking contrast illustrates the high volatility of the token, whose market trajectory is still marked by speculative dynamics and a lack of solid fundamentals. Bullish investors managed to push the price back to $0.64, a performance that stands out given the bearish trend observed over the past few weeks.

Moreover, one of the primary reasons for Pi Network’s plunge in recent weeks lies in the imbalanced dynamics between supply and demand, fueled by internal mechanisms within the ecosystem:

• The supply of Pi Network continued to increase with lock releases, putting pressure on the price.
• Demand did not keep pace with the increase in supply, disrupting the market balance.
• The absence of official listings on major platforms limits liquidity and increases volatility.
• Tokens continue to be released, fueling sales on the secondary market.

This series of structural factors heavily weighed on the price before a technical recovery, which still needs confirmation, took place.

Technical Resistances and an Absence of Official Listing

The recent rise of Pi Network raises questions about its sustainability. Thus, analysts highlight the necessity for the token to break through several key technical levels before considering a sustainable consolidation above $1.

The next major resistance is at $0.80, followed by $0.90. These levels will be decisive in assessing the crypto’s ability to maintain its current momentum. For now, nothing guarantees that buyers have sufficient strength to propel the token beyond these barriers, especially since the project’s fundamentals remain limited.

Another factor hindering Pi Network’s progress is the lack of listing on major centralized exchanges. The token is still traded informally or through alternative solutions, which significantly limits its liquidity and visibility to the general public.

However, token unlocks continue, a worrying factor for investors concerned about stability. Indeed, this combination of technical and structural factors maintains potential downward pressure, even in a rebound context.

Can Pi Network turn this crisis into a maturity catalyst? Indeed, the project must first demonstrate its ability to generate value in ways other than speculation. The stakes are high, as only true adoption, driven by concrete uses, could stabilize the token and establish its legitimacy. In the absence of this, there is a significant risk of seeing the crypto Pi Network revert to its recent pitfalls, characterized by chronic volatility and purely speculative interest.