- Pi Network price bounced back from the $0.40 support level but remains trapped below a long-term descending resistance.
- A breakout above $0.52 could trigger a 75% rally toward $0.85, signaling a bullish reversal.
After narrowly avoiding a breakdown to new lows, Pi Network (PI) has bounced back, signaling growing interest among buyers. However, one key barrier—the $0.52 resistance level—still stands between PI and a potential 75% surge toward $0.85.
Pi Network Holds the Line at $0.40
Since its peak in March, Pi has remained trapped beneath a descending resistance trendline. Sellers have consistently stepped in to halt rallies, sending the price back to its all-time low of $0.40 on two separate occasions—April 5 and June 13.
Each time, long lower wicks on the chart showed strong buying pressure, suggesting that buyers are defending the $0.40 support zone. Most recently, after a dip in early July, PI mounted a more gradual rebound and bounced back on July 12.
$0.52 Resistance Could Unlock a 75% Rally
While optimism is rising, Pi Network’s price still trades within a descending parallel channel, and remains below the long-term trendline that has capped its recovery efforts.
Encouragingly, momentum indicators like RSI and MACD are showing bullish divergence, hinting that a breakout attempt may be brewing. If Pi can break above both the channel and the critical $0.52 level, analysts predict the next major target will be around $0.85—a 75% jump from current prices.
This potential breakout could also mark the end of a five-wave correction, often seen as a bottoming signal in technical analysis.
Final Verdict: A Pivotal Moment
With the daily close still hours away, all eyes are on whether Pi Network can finally crack the $0.52 resistance. A close above that mark would not only validate bullish technical patterns but also signal the start of a new uptrend.
However, failure to break through could drag PI back into its long-standing downtrend, delaying hopes for recovery.
For now, $0.52 is the level to watch—either as a launchpad for a bullish reversal or another rejection point that keeps PI grounded.
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