After 85% Crash, Pi Coin Roars Back—But Is This Just the Beginning?

Pi Coin just made a comeback no one expected. After a brutal 85% nosedive that left holders wondering if the dream was over, Pi Network roared back this weekend—briefly touching $0.7940, nearly doubling from its year-to-date low of $0.4023.

But here’s what has everyone on edge: despite this rally, Pi is still far off its all-time high of nearly $3. So, is this the start of something big… or just a bounce before another collapse?

What Caused the Pi Price to Collapse So Hard?

The fall was harsh—and, to some, predictable.

Pi’s highly anticipated mainnet launch in February set the stage for a wave of speculative hype. But instead of fireworks, it triggered a freefall. And the reasons go beyond just Pi’s fundamentals.

First, it followed a familiar script: newly launched tokens like Grass, Wormhole, ZkSync, and Hamster Kombat all saw massive initial pumps—followed by swift and unforgiving crashes. Pi, it seems, was no exception.

Second, the timing couldn’t have been worse. The entire crypto market was facing headwinds. Bitcoin struggled to stay above $90,000, down from its ATH of $109,200. Altcoins like Solana, Polkadot, and Berachain were sinking even faster.

But perhaps the most damaging blow came from within Pi’s own ecosystem. The vision promised a bustling world of commerce and apps. But reality fell short. Few applications took off. Even the recently launched Pi domains, which attracted bids worth $1.84 million, drew only a tiny slice of the 10 million+ pioneers who once believed in the project.

Listing Woes, Token Unlocks, and a Community Under Pressure

The Pi Network’s struggles weren’t just about price. The lack of major exchange listings hit hard. Despite the community’s size and anticipation, platforms like Binance, Coinbase, and Upbit stayed away. Bybit even went so far as to suggest the project was a scam.

The developers pushed back, defending Pi’s transparency—but the damage was already done.

Then came fears of token dilution. Over 1.55 billion Pi tokens are scheduled to be unlocked in the next year, with billions more after that. This kind of supply pressure could weigh heavily on any rally.

With over 73 billion tokens controlled by the Pi Foundation (valued at a jaw-dropping $47 billion), many believe a massive token burn could be the only way to stabilize the project and restore investor faith.

Adding to the pressure, early pioneers—some of whom had mined Pi for years—began selling off their allocations post-mainnet. It created a perfect storm: weak demand, heavy selling, and no institutional lifeline.

So Why Is Pi Rallying Now?

Enter the technical setup.

Despite the chaos, Pi was forming a giant falling wedge pattern—a textbook bullish reversal sign. As the token plunged, the two-hour chart showed narrowing, descending trendlines heading toward a breakout zone.

And break out it did.

Adding fuel to the fire was a bullish divergence—a setup where price drops while momentum indicators begin to rise. In trader-speak, it’s the kind of setup that screams “buy the dip.”

Now, analysts say Pi could target the $1 psychological level, which would mark a 72% gain from current levels. But if it drops below the recent low of $0.4142, this rebound could prove to be nothing more than a bull trap.

Final Word: Is the Pi Dream Still Alive?

For a token that many had written off after its crash, Pi Network’s sudden bounce has caught the market’s attention.

Is this a dead cat bounce? Or is Pi laying the groundwork for a real, long-term breakout?

With technicals turning bullish but fundamentals still shaky, one thing’s certain: Pi just got interesting again.

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