Pi Network token has dropped by 87% from its February 2025 highs. A recent breakthrough in short-term resistance offers hope for recovery, but Bitcoin's continued weakness poses a major challenge.
The Pi Network token is currently showing a 4.73% increase over the past 24 hours, erasing losses from the previous weekend. However, investors should remain cautious, especially with the recent drop in Bitcoin below $110,000.
On a daily chart, prices display a strong downward trend, although the pace of this trend has slowed since late July. Despite signs of a possible trend reversal, the lack of buying pressure indicates that a sustainable recovery for Pi Network is not imminent.
On a 2-hour chart, despite a short-term bullish trend, vigilance is advised. Bulls have managed to break through a short-term resistance level, but Bitcoin’s weakness remains a major concern.
In summary, although Pi Network has shown signs of short-term recovery, the general trend remains bearish. Investors should therefore exercise caution in their decisions, taking into account the current context of the cryptocurrency market.
Currently, the Pi Network token is trading around $0.4928 on Bitget. This drop represents an interesting buying opportunity, particularly in anticipation of the mainnet launch. Here’s a buying guide:
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