Pi Network (PI) Tumbles 12% Weekly: Here’s What Could Trigger a Recovery

The past 24 hours have offered a minor yet evident resurgence for most leading cryptocurrencies. Nonetheless, Pi Network’s native token remains in red territory as its price faces further downward pressure.

According to one analyst, there might be light at the end of the tunnel, as a key factor could ignite a rebound.

The Necessary Condition

Last week, PI briefly fell below $0.12, its lowest level since the token began trading. It later reclaimed some of the losses and currently trades just south of $0.13, representing a 12% weekly decline and a staggering 96% crash since the all-time high witnessed in February 2025.

X user Erick Crypto ₿ noted that the price has tried to stabilize after the prolonged downtrend, adding that volume remains low, so “confirmation is still needed.”

At the same time, he outlined that PI’s Relative Strength Index (RSI) has neared oversold levels. This means the valuation has plunged far too quickly, suggesting a resurgence could be next. The analyst concluded that everything now hinges on how buyers choose to respond:

Awaiting This Date

It is important to note that Pi Network’s team has recently completed several milestones and issued multiple announcements regarding the overall advancement of the project’s ecosystem.

Most recently, they disclosed the successful transition to protocol v24. The upgrade primarily aims to strengthen the underlying infrastructure that supports node operations and mainnet activity. The Core Team stated that the migration to v25 is next on the roadmap, with June 18 set as the deadline.

Prior to that, CiDi Games (a Pi Network Ventures portfolio company) introduced four new games for Pioneers, including Coin Whack, Fruit Stack, Gemnova, and RainbowCubes.

These developments failed to trigger a price rebound for PI, and now the community has shifted its attention to June 28: a date known as Pi2Day. According to some X users, speculation is mounting about potential announcements, ecosystem updates, or new features to be released that day. Still, nothing is confirmed, and it remains to be seen whether any of these expectations will materialize and whether they can impact PI’s valuation.

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