Pi Network Nears $0.10 After 11% Surge — Can It Hold?

Pi Network edges toward $0.10 after 11% jump

Pi Network (PI) rallied more than 11% in a 24-hour span, bringing the token back close to the psychological $0.10 level. The move arrived amid improving short-term momentum and a dated protocol upgrade event, but the token remains entrenched in a broader downtrend that has pushed PI far below its mid-2025 highs.

Current market snapshot

As of July 20, PI traded near $0.099, with daily volume above $42 million and a market capitalization around $1.08 billion. During the session the token fluctuated between $0.0883 and $0.1019. Despite the bounce, PI is still down roughly 26% over the past 30 days and about 78% year-over-year, after hitting a near-term low of $0.070979 on July 14.

Buyers returned after oversold conditions and improved market sentiment produced a near-20% recovery last week. That rebound gained fresh momentum following confirmation from the Pi Core Team that Protocol v25 was scheduled for July 22, an event that helped lift price from the recent bottom.

Technical picture: recovery attempt, not yet a reversal

The latest move is best read as a recovery attempt rather than a confirmed trend reversal. PI has a history of sharp short-term rallies that fade quickly—most notably the March spike toward $0.30 around the Kraken listing, which later gave up more than 38% and ultimately sent PI back below $0.20.

On the daily chart, PI has been carving a falling wedge characterized by months of lower highs and lower lows. Several analysts see the wedge as a potentially bullish consolidation pattern: selling pressure appears to be easing and price is compressing toward the wedge apex. Nevertheless, a decisive breakout above wedge resistance on stronger volume is required to validate a sustained uptrend.

Pi Network price chart

Momentum indicators improving but mixed

Momentum readings have started to recover from oversold levels. The Relative Strength Index (RSI) sits near 47.66—well above its recent moving average around 23.22—but still below the neutral 50 threshold. That suggests selling pressure has eased, yet bullish momentum has not fully taken hold.

The MACD shows early signs of recovery as well. The histogram has turned slightly positive near 0.00122, and the MACD line at approximately -0.00986 has crossed above the signal line near -0.01108. Both values remain below zero, indicating the broader downtrend has not yet reversed.

Key levels traders are watching

Technical and psychological price levels will determine whether the rebound can extend. Short-term support to monitor is roughly $0.088—failure to hold that area could invite another leg lower. The immediate threshold is $0.10: PI briefly traded above this level during the latest session, but a sustained close above $0.10 is more meaningful than a quick intraday spike.

The primary resistance band sits between $0.12 and $0.15. A clean breakout above $0.12, confirmed by rising volume and RSI moving above 50, would strengthen the case that buyers are regaining control and could open the path toward the $0.15 zone.

Until PI reclaims those resistance levels and posts higher lows, the broader price structure remains bearish.

Fundamental drivers: Protocol v25 and token supply

Two fundamental factors will likely shape PI’s near-term path: the Protocol v25 upgrade and scheduled token unlocks. Protocol v25 is expected to enhance network stability and introduce tools aimed at more efficient, privacy-focused smart contracts. The upgrade date provided a clear catalyst for traders and may have contributed to the recent bounce from the July low.

On the supply side, roughly 103.7 million PI tokens were slated to unlock in July, adding potential sellable supply into a market that has struggled to sustain demand. The balance between growing ecosystem utility and the pressure of newly unlocked tokens is central to PI’s price dynamics.

Meanwhile, on-chain activity shows a substantial holder accumulating large quantities—one wallet has reportedly amassed over 400 million PI while prices were near record lows. Large accumulations can signal confidence or create speculative interest, but they do not eliminate the selling pressure associated with scheduled unlocks and do not guarantee price appreciation.

What traders and investors should consider

• Watch volume closely: higher volume on upward moves would support a bullish interpretation of the rebound, while weak volume risks another failed rally.
• Confirm momentum: RSI above 50 and a MACD that moves decisively into positive territory would provide stronger confirmation that the downtrend is losing steam.
• Monitor supply events: token unlock schedules and large wallet activity can quickly change the supply-demand balance.
• Manage risk: given PI’s history of volatile short-term recoveries within a longer decline, set stop-loss levels and position sizes according to your risk tolerance.

Outlook

Pi Network has regained ground from a mid-July low and is testing $0.10 on improving momentum metrics. That’s a constructive short-term sign, but substantial hurdles remain. A confirmed breakout above the $0.12–$0.15 zone on rising volume, together with continued positive RSI and MACD readings, would offer clearer evidence that buyers are mounting a sustainable recovery.

Absent those confirmations, the recent surge should be treated as a relief rally inside a broader downtrend. Traders and investors should closely monitor the Protocol v25 rollout, token unlock timelines, and on-chain accumulation to assess whether PI can convert this bounce into a longer-term reversal or if selling pressure will resume.