Pi Coin Surges 26% in Three Days, Breaking Month-Long Downtrend

Pi coin has experienced a significant price surge, with a 26% increase over the past three days, reaching approximately $0.64. This upward movement has broken a downward trend that had persisted for over a month, sparking optimism among some analysts who believe this could mark the start of a stronger recovery phase for the Pi Network.

Crypto analyst Joe Swanson had anticipated this breakout, noting that Pi coin had broken through a long descending trendline. The price had been in a downtrend since mid-May, finding support around the $0.50 zone. Once Pi coin pushed above this trendline and maintained the breakout, buyers entered the market, driving the price higher. Swanson suggested that this could be the beginning of a sustained uptrend, especially with the upcoming Pi2Day 2025 event, which has historically driven interest and bullish momentum for Pi coin.

Another analyst, Sjuul from AltCryptoGems, observed that Pi coin has risen over 15% this week, largely due to new investor interest. He attributed this surge to positive signals from technical indicators, which have attracted not only small traders but also whales entering the Pi coin market. This aligns with the strong green candles seen recently, indicating rising volume and conviction in the move.

Pi News also highlighted the price movement, noting that Pi coin has surged 16% in the past 24 hours. A significant part of this excitement is attributed to the upcoming Pi2Day celebration, which is building anticipation across the Pi Network community. Additionally, the broader crypto market has been showing strength, and Pi coin seems to be following this bullish sentiment. With altcoins gaining traction and investors seeking fresh opportunities, Pi coin has found a favorable moment to rebound.

John Lang, a Pi Network community member and trader, shared that he entered a long position around $0.50 and believes Pi coin could hit $1 in the coming days. His confidence is based on the recent bullish momentum and the growing sentiment across social platforms. He advised others to manage risk, especially those using leverage, but his tone reflects increasing optimism that Pi coin is regaining its momentum.

The recent breakout above the descending trendline is a strong technical signal. If the Pi coin price can stay above this breakout zone and continue pushing higher, more traders could join the rally. With Pi2Day 2025 approaching and analysts like Joe Swanson and Sjuul highlighting positive catalysts, Pi Network looks set for more upside in the short term. Traders will be closely monitoring whether Pi coin can hold above $0.60 and move toward key psychological levels like $0.80 and $1. If it does, this may not just be a short-term pump but the beginning of a larger trend reversal for Pi coin.