Pi Network Surges 32% to $0.6450, Faces Key Support Test at $0.5600

Pi Network, a prominent cryptocurrency, experienced a significant surge of 32% to reach $0.6450 before correcting back to $0.5600. This level is now considered a key support zone that will likely influence the short-term sentiment of the market. Despite a 30.9% drop in trading volume, Pi Network's price structure remains robust, holding steady above the breakout range at $0.5600. Traders are closely monitoring the $0.6000 level, as closing above it with strong volume could potentially spark a renewed push toward the $0.6450 peak.

Pi Network (PI) is currently trading at $0.5685, reflecting a 5.94% gain over the past seven days. The cryptocurrency recently reached a high of $0.6450 before correcting to intraday lows near $0.5500. With $0.5600 acting as the latest support pivot, Pi Network is at a critical juncture for its short-term direction. The market cap of Pi Network stands at $4.3 billion, which is a 9.67% decrease despite the recent price bounce. The circulating supply of 7.56 billion PI and a max supply of 100 billion indicate stable structural liquidity. The volume-to-market cap ratio at 4.69% suggests moderate activity, with liquidity not fully dried up. Pi Network’s fully diluted valuation (FDV) sits at $56.85 billion, offering a broader valuation view based on max supply. A 77% profile score points to ongoing visibility and engagement within the PI community.

Price action over the past week saw Pi Network breaking through $0.6000 and spiking toward $0.6500. However, three sharp red candles signaled intense profit-taking, sending the token back to $0.5550. Recent sessions show a quick rebound with two green candles, suggesting the $0.5600 zone is a critical retest area. Currently, Pi Network shows a V-shaped recovery followed by early consolidation, marking an inflection point. Intraday structure is tightening as traders evaluate if PI will retest $0.5900 or fall back toward $0.5400. With volatility compressing, this range becomes a battleground for short-term sentiment.

Pi Network’s June 22 low near $0.4900 created a rounded bottom, triggering the breakout. A steady climb followed, with price reclaiming $0.5600 by June 25 before spiking to $0.6450 on June 26. This rapid ascent reflected increasing velocity with very little resistance. A detailed breakdown from Coinvo shows Pi Network maintaining higher highs and higher lows throughout the 32% move. The $0.6000 level is now a key psychological and technical support zone. Any hold above this threshold could renew momentum toward $0.6450 and beyond. Another layer of insight confirms that $0.5600 has become a critical pivot. Traders are monitoring this level closely, as failure to hold could trigger a drop back into prior consolidation territory. The sentiment among traders is split; some see a wave of bullish energy, while others are more cautious.

Looking ahead, Pi Network must sustain price action above $0.5600 to validate its bullish structure. Holding this level would confirm support strength and raise the probability of a retest of the $0.6450 peak. Failure here could send Pi back toward the $0.5300 zone, opening room for a deeper correction. Bullish continuation depends on reclaiming the $0.5900–$0.6000 zone with solid candle closes on higher volume. That would align with the previous uptrend leg and could trigger a new wave toward $0.6500. Such a breakout would likely occur on stronger inflows and reduced selling pressure. Historically, Pi Network’s steep rallies have been followed by short consolidations before sharp trend extensions. Traders are now watching for a repeat of that pattern, especially with volatility tightening. The confirmation signal lies in a clean close above $0.6000 with rising volume and intact support retests. While fear has crept into some corners, many seasoned traders are calmly holding their ground, waiting for confirmation. Pi Network’s price behavior over the next 48 hours will likely shape its near-term trend, making this a critical moment to watch.