Pi Coin, 3 Bullish Signals Simultaneously Active...Is This a Real Revival?

▲ Pi Network (PI)/AI Generated Image

Despite weak liquidity and sluggish demand, Pi Coin (PI) is attempting a turnaround, aiming to break past $0.12. With the convergence of three new Pi2Day products, a recovery in risk asset sentiment, and technical rebound signals, analysts are eyeing $0.13 and $0.14 as the next target levels.

According to crypto media outlet Coingape on July 4 (local time), Pi Coin fell 2% over 24 hours to $0.115 but remained above this week's low of $0.1112. After previously rebounding to $0.1176, selling pressure re-emerged, and low market liquidity was identified as a hindrance to price recovery.

The first bullish signal is SoloHost, Pi Sign-in, and PiVerify, released by Pi Network. Pi Network stated, "Pi2Day 2026 demonstrates how Pi's utility continues to grow through infrastructure and participation." SoloHost supports hosting local AI applications using Pi Desktop and nodes, Pi Sign-in connects users, devices, and services, and PiVerify is a service focused on identity verification.

The second signal is an improvement in cryptocurrency market sentiment. New US employment in June was 57,000, falling short of expectations, and the unemployment rate decreased from 4.3% to 4.2%. Buying interest flowed into major cryptocurrencies, with Bitcoin (BTC) surpassing $62,000. Coingape analyzed that Pi Coin could also lean towards a short-term rise after its recent correction. However, it noted that the larger trend is still under pressure, requiring a break above $0.12.

The third is the possibility of a technical rebound. After failing to break out of a downtrend channel, Pi Coin fell to the $0.11 support level and then partially rebounded, but the Relative Strength Index (RSI) remained near 39.99, indicating that buying power has not taken control. The Moving Average Convergence Divergence (MACD) also remained slightly in negative territory, but a weak recovery attempt was observed in the histogram. If it surpasses $0.12, $0.13 is the next target, and if buying pressure intensifies, there is a possibility of testing the $0.14 resistance level.

Conversely, if it fails to reclaim $0.12, downward pressure could continue, according to analysis. If $0.11 breaks, $0.105 and $0.1 are suggested as the next lower price levels. The three bullish signals summarized by Coingape are the launch of new Pi2Day products, improved market sentiment, and a technical rebound structure, with the key benchmark for price movement being whether it breaks above $0.12.

[Article Key Summary]

-Despite weak liquidity and demand, Pi Coin showed three bullish signals: three new Pi2Day products, improved market sentiment, and the potential for a technical rebound.

-If $0.12 is breached, $0.13 and $0.14 are suggested as the next upward targets.

-If $0.11 is broken, further declines to $0.105 and $0.1 are possible.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*