Breaking its week-long free fall, Pi Network has reclaimed its spot in the “best new crypto” conversation, with a $400 million surge in trading volume.
Altcoin FUD is easing, helped by better-than-expected U.S. inflation data in the face of economic concerns—Trump’s “tariff war,” NATO tensions, and recession fears—that weigh on market sentiment.
While the front-running altcoin remains the hardest-hit among the top 100, down 30% for the week, today’s 4.4% uptick hints at a possible turning point.
Does Pi Network Really Have a Claim to the Throne?
While claims that Pi Network could flip Bitcoin do sound outlandish, there is some merit to the argument that it has the potential to be an altcoin front-runner.
Pi Network has yet to benefit from the increased demand a major exchange listing could bring.
An anticipated Binance listing, which received 86% approval in a community vote, has been delayed with no comment from the platform.
That being said, growth even parallel to that of Bitcoin remains a long shot as the Pi ecosystem struggles from lapse adoption.
Without large-scale use cases, its price remains heavily speculative, leaving it vulnerable to heightened volatility and short-term trading pressure.
PI Price Analysis: a More Realistic Target
Today’s growth could continue as anticipations of exhausted selling pressure exhaustion pave the way for a potential uptrend.
PI / USDT 4H chart, descending channel. Source: Binance.
The Relative Strength Index (RSI) moving average has hit the oversold threshold at 30 — a frequent precursor to reversals. This shift appears to be taking effect as the RSI trends upward.
If momentum sustains, PI could climb to retest the upper boundary of the descending channel that has guided price movements since its all-time high.
A successful breakout would likely top out at the $2.10 resistance, representing a 78% gain from current levels.
However, PI has yet to test the key 20SMA resistance, which has rejected recent upside attempts.
A rejection at this level could extend the downtrend, with the lower channel boundary around $0.85—a 24% drop—as the next target.
Given the ongoing bearish market backdrop and inflationary pressures with $160 million in PI token unlocks over the next 30 days, the bearish scenario remains a credible risk.
The New ICO Also Has Yet to Hit Major Exchanges Too
As crypto gains prove far and few between with the altcoin market in decline, investors who back the wrong horse are missing out on those limited gains.
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At the time of writing, MIND has raised almost $7.5 million in its ongoing presale, capitalizing on the Pepe brand and one of this cycle’s strongest meme coin narratives: AI agents.
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