Pi Network Price Surges 9.57% Breaking Above $0.60

Pi Network’s price has been on an upward trajectory after a prolonged decline, sparking speculation about whether this is a genuine breakout or another temporary surge. The daily chart shows that the PI price is currently around $0.6083, marking a significant daily gain of +9.57%. This rise follows a lengthy downturn from its local peak of nearly $3.5 in early 2025. The recent bullish candle is noteworthy as it has broken above the short-term resistance of $0.575, closing above it for the first time in weeks.

The 20-day and 50-day moving averages are still acting as overhead resistance, with the 50-SMA at $0.657 and 100-SMA at $0.7106. This indicates a potential resistance zone around $0.65 to $0.71. If the PI price can maintain its momentum and convert these levels into support, it could realistically push toward $1, which is also a key psychological barrier and aligns with the historical resistance zone in May.

A Fibonacci retracement from the swing high of $3.50 to the swing low near $0.50 shows the 0.236 level sits around $1.19, which could act as a longer-term upside target if the bulls gain control.

The hourly chart provides a different but supportive perspective. After days of consolidation and a sharp flash crash below $0.52, the PI price quickly rebounded and formed a bullish structure with higher lows and a clean breakout above the 100-hour SMA. At the time of writing, PI is trading at $0.6241, up 3.08% intraday.

A golden cross recently formed on this lower timeframe, where the 50-SMA crossed above the 100-SMA, indicating the beginning of short-term bullish momentum. The explosive breakout candle that surged past $0.60, breaking through the dense resistance cluster between $0.582 – $0.6098, signals that PI might retest the upper resistance around $0.633, which it momentarily touched during the recent candle wick. A close above this zone could lead to a sharp rally toward $0.70, backed by the thin volume profile in that range.

If the PI price continues its bullish momentum and closes above $0.65 on both the hourly and daily timeframes, it opens the path to $1. A simple projection shows that if the PI price gains another 60% from the current price ($0.62 × 1.6), it reaches $0.992, just shy of the $1 mark. This is entirely possible if trading volume increases and broader market conditions support altcoin rallies.

Moreover, PI has a history of fast rallies, as seen during its spike from $0.50 to over $3. This proves that once momentum kicks in, the coin can move parabolically. A clean break above $0.71 and reclaim of $1 could bring the next wave of buyers targeting the $1.20–$1.50 Fibonacci extension range.

While the charts look bullish, it's crucial to note that PI is still trading below all major daily moving averages. The 100-SMA and 200-SMA are sloping down, which means the macro trend is still bearish until proven otherwise. If bulls fail to hold above $0.60, a drop back toward $0.55 or even the recent low of $0.50 could play out.

If current momentum sustains and PI price closes above $0.65 on the daily chart, a push toward $0.90–$1.00 is likely within this month. If bulls manage to break that psychological barrier, the move could extend toward $1.20–$1.50. But for now, the bulls must protect the $0.60–$0.63 support band at all costs.

Pi Network is showing signs of life again. The charts suggest a bullish breakout is underway, but key resistance zones need to be cleared. If it holds above $0.60 and breaks past $0.71, PI could revisit the $1 mark sooner than many expect. Let’s see if Pi has what it takes to circle back into the spotlight.