- Pi Network is recovering after a breakout above key resistance, with bearish pressure easing.
- Launchpad upgrades support sentiment, but price still faces strong resistance below major moving averages.
Pi Network is starting the week on a positive note after a mild price recovery. The coin is trading above $0.1340 following a breakout above a key descending resistance level in the previous week. This move signals early signs of short-term stabilization, although the broader market structure remains cautious.
Despite the recent recovery, Pi Network is still trading below major moving averages, which continue to act as overhead resistance. This indicates that while momentum is improving, a full trend reversal has not yet been confirmed.
Launchpad Upgrades Strengthen Ecosystem Activity
Pi Network has announced improvements to its Launchpad system after receiving feedback from more than 478,000 participants during its initial testing phase. The upgrade was introduced after the first Launchpad test token revealed areas that needed refinement in user experience and participation flow.
According to the project update, the feedback has now been used to simplify participation mechanics and improve the overall functionality of the Launchpad system. These changes aim to make ecosystem interaction smoother and more accessible for users.
Pi Network has launched a second test token, “SLICE,” on Testnet, where it runs until June 28. This phase tests the updated system and measures user engagement across the ecosystem. These developments support long-term ecosystem growth and improve sentiment around PI.
Technical Structure Shows Fading Bearish Pressure
From a technical perspective, Pi Network has broken above a descending trendline resistance, which supports a short-term bullish bias. However, the recovery remains limited because the price is still positioned below the 50-day, 100-day, and 200-day Exponential Moving Averages, which are clustered between approximately $0.150 and $0.200.
The inability to reclaim the 23.6% Fibonacci retracement level at $0.1378 also suggests that upside momentum remains fragile. While the Relative Strength Index near 43 reflects weak buying pressure, it also indicates that the market is no longer in strong bearish territory. In addition, the slightly positive MACD histogram suggests that downward pressure is easing rather than accelerating.
Key Resistance and Support Levels
Immediate resistance is located at $0.1378, which is the 23.6% Fibonacci retracement level. If price manages to break above this level, the next resistance zone appears around $0.1489 and $0.1496, which align with the 50-day EMA and the 38.2% Fibonacci retracement.
Resistance sits at $0.1592 and $0.1626, with a broader barrier forming between $0.180 and $0.200, where multiple technical levels converge.
On the downside, price finds immediate support at $0.1296, which aligns with the previous trendline breakout area. It then holds stronger support at $0.1242, while a deeper drop exposes $0.1186 as a critical floor.
Outlook for Pi Network Price
Overall, Pi Network is showing early signs of recovery, supported by both technical improvement and ecosystem development. However, the price remains within a broader corrective structure, and sustained upside will depend on a clear breakout above key resistance zones.
The ongoing Launchpad upgrades may boost medium-term sentiment, but the market still needs technical confirmation to establish a stronger bullish trend.
ALSO READ: Pi Network Sets June 18 Deadline for Mandatory V25 Node Upgrade After V24 Rollout
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