While Pi Network’s native token has been on a major decline over the last several months, some community members believe a rebound may soon replace the free fall.
One analyst who supports that thesis outlined a vital condition that must be met for this to happen.
75% Pump Incoming?
PI has resonated with the broader crypto market crash, with its price slipping by 5% daily to $0.21 (per CoinGecko’s data). While its current valuation represents a massive 92% decline compared to the all-time high of $3 reached in February, the X user Marzell saw some encouraging signals.
In a recent post, he opined that PI “is holding firm above the $0.21 support, showing clear signs of accumulation.” According to the analyst, a move beyond $0.26 could open the door to an ascent to $0.37 (a level last observed towards the end of September).
The X user PiNetwork DEX expressed a similar viewpoint. They claimed PI has stabilized at the $0.20 – $0.22 range and could be headed toward $0.29.
It is wort
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