Can Pi Network Reach the $1 Level Again?

Jakarta, Pintu News – Pi Network saw a slight recovery today, with prices up over 5% and currently hovering around $0.3662.

While this may provide some relief for holders, the value of the token has still fallen by more than 21% in the last 30 days.

Overall, the decline has been quite sharp. On February 26, 2025, or about five months ago, Pi reached a record high of $2.98. But since then, the price has plummeted by almost 88%.

On August 6, 2025, the coin even touched the lowest point in its history, before bouncing back slightly. The big question that arises now is: Can Pi break back above $1?

Technical Review: Bullish Pattern, But Patience Needed

From a technical analysis point of view, chartists identified a falling wedge pattern which is generally considered a bullish signal.

Read also: Can Pi Network’s KYB Strategy Put an End to Crypto Market Speculation?

Even so, they cautioned that the price of Pi still has the potential to drop further towards the support zone in the range of $0.25-$0.30 before a breakout occurs.

If the breakout is successful, the next price targets to watch are around $0.60-$0.70, then $1.20-$1.30. These levels are of interest to analysts for both short- and medium-term opportunities.

Dr. Altcoin’s analysts write,

“The lower the Pi price, the more enthusiastic and optimistic the Pi community should be. This is a golden opportunity to invest. This all-time low won’t last forever – a big surprise could be on the way.”

Factors that Can Support Recovery

On the fundamental front, there are several developments that could potentially strengthen the recovery. The Pi wallet now features a direct “Buy Pi” option that allows users to purchase tokens using credit cards, Apple Pay, or Google Pay, making it easier for new users to join the network.

Read also: Pi Network Price Up 5% Today (August 8): Is Pi Coin Starting to Recover?

Whale activity is also a signal of market confidence. A mysterious wallet now holds more than 331 million Pi tokens with a value of about $148 million.

In the last three days, a large investor also bought 5.3 million Pi tokens worth approximately $2.4 million – a move that often signals accumulation by experienced players.

While a bounce back to the $1 level won’t happen overnight, the combination of bullish technical patterns, heavy accumulation by whales, ease of purchase, and the presence of new AI-based use cases suggests that Pi still has a great chance to bounce back.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Can Pi Network Price Hit $1 Again? Accessed on August 8, 2025