Pi Network (PI Coin) Price Prediction: Pi Network Recovery Gains Steam as Price Targets $1 Retest

After enduring a sharp 60% correction from its mid-May high, Pi Network (PI Coin) is showing renewed signs of life.

The price has bounced from a key support level, and growing technical momentum is fueling hopes for a retest of the psychological $1 mark. While challenges persist, the recent recovery has captured fresh interest from investors and traders alike.

Pi Network Price Stabilizes After Steep Decline

The Pi Network price suffered a dramatic fall following its May 12 peak at $1.67. This drop erased much of the bullish progress triggered earlier by Binance listing rumors and optimism around the Pi mainnet rollout. According to on-chain data and technical charts, the decline took PI as low as $0.66 before buyers stepped in.

Pi Network Coin was trading at around $0.79, up 7.18% in the last 24 hours at press time. Source: Brave New Coin

Importantly, this recovery occurred near a former resistance-turned-support zone around $0.75. As analyst Valdrin Tahiri noted, “The bounce at $0.66 was critical since it prevented a breakdown from the $0.75 horizontal support area.” The technical support held firm, encouraging renewed market optimism.

The Relative Strength Index (RSI) hovering near 51 adds to this cautiously optimistic tone, indicating a neutral trend with room for upside if momentum continues to build.

Pi Crypto Value Eyes $1 Retest Amid Renewed Momentum

Over the past few days, Pi crypto value has surged over 20% from its recent bottom, reaching around $0.80 as of May 21. Technical signals suggest that momentum may be gradually shifting in favor of the bulls. However, significant resistance lies ahead.

Key resistance zones include $0.84 and $0.88—levels that must be broken to confirm a legitimate bullish reversal. As highlighted by analyst Duo Nine, “If successful, then PI has a good shot at hitting $1 again.”

Moreover, the MACD has yet to confirm a bullish crossover, and short-term moving averages like the 10-day EMA continue to flash sell signals. This suggests a cautious, rather than euphoric, outlook for the PI Coin market in the near term.

Growing Volume Signals Market Interest, But Risks Remain

Trading volume for PI Coin has shown signs of recovery, climbing to $221 million in the last 24 hours. This modest uptick follows a period of sharp decline after PI’s early May rally. The rebound in volume, while encouraging, still lags behind the levels seen during its surge to $1.67.

Despite a brief rally toward new highs, PI Coin dropped 60%, invalidating bullish patterns and leaving its future trend uncertain within a $0.35–$0.65 consolidation range. Source: SL-Trades on TradingView

Despite the bounce, some market watchers remain skeptical. “The decline invalidated several bullish wave counts,” said Tahiri, referencing Elliott Wave analysis that now paints a less clear picture for future price action.

Adding to concerns are ongoing issues within the Pi Network ecosystem itself. The project’s February mainnet launch was expected to unlock token access for millions of early adopters. Instead, delays in KYC (Know Your Customer) processes have left many unable to transfer or sell their PI coins, contributing to community frustration.

Pi Network Sell Pressure and Lack of Utility Pose Hurdles

Although the Pi Network Coin boasts an impressive user base—reportedly upwards of 60 million—the network has yet to deliver substantial real-world utility. Limited adoption of decentralized apps (dApps) and a lack of usable DeFi infrastructure have made Pi mining rewards more speculative than functional.

There’s also the issue of exchange accessibility. Despite trading availability on platforms like Gate.io, OKX, and Bitget, the coin is notably absent from Tier 1 exchanges such as Binance and Coinbase. The lack of a top-tier listing has severely limited liquidity and held back the broader Pi Network trading ecosystem.

Community members have raised questions around the transparency of the Pi development team and the status of its proposed $100 million Pi Network Ventures fund, which was meant to support new projects on the platform but has seen little progress.

What’s Next for Pi Cryptocurrency Value?

Looking ahead, if Pi Coin value can maintain support above $0.77 and break above the critical $0.88 resistance zone, the path toward $1 becomes more viable. However, if buying momentum stalls, the token could retreat back toward the $0.70 range—or lower.

A breakout above the $0.80 resistance could propel PI price toward $1.37. Source: Blackduck via X

Much of the short-term trajectory will depend on external developments, including potential new exchange listings, mainnet utility rollouts, and resolution of token accessibility issues. Until those hurdles are addressed, any price rallies may remain short-lived.

Nonetheless, the recovery from sub-$0.70 levels is noteworthy. As interest builds and Pi wallet activity increases, many in the crypto community are watching closely to see whether Picoin can establish itself as more than just a speculative token.

Final Thoughts

The Pi Network Coin price is navigating a complex mix of renewed technical strength and lingering fundamental challenges. A $1 retest is possible, but sustained upside will require more than just market optimism—it will demand tangible progress within the Pi Network market, improved transparency, and greater utility.

For now, Crypto Pi remains a story of high potential tempered by real-world constraints. Investors and holders alike will be hoping that this recovery isn’t just another short-lived bounce, but the beginning of a more stable and sustainable growth phase.