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FollowingPi Network's native tokens have rebounded strongly after hitting a low a few days ago. According to online data from the Pi Core Team, PI's current trading price is approximately US$0.098, which has increased by more than 10% in the past 24 hours and has become a popular token on CoinGecko. The token is just one step away from the psychologically critical level of US$0.10. It has risen by more than 20% in the past seven days and has rebounded by 39% from the all-time low of US$0.07059 set six days ago.
A violent rebound after a sharp decline
The recent trend of this token is full of fluctuations. The PI climbed to an all-time high of $2.98 in February 2025, then experienced long-term shocks, and fell to a all-time low of $0.1025 on July 8, 2026 due to increased selling pressure. Oversupply further exacerbated the decline: PI fell more than 17% in a single day, the market value fell below US$1 billion for the first time, and 127.5 million PI tokens will enter circulation in the next few weeks.
Selling pressure continued throughout July. On the supply side, 103.7 million tokens were unlocked this month; on the demand side, a series of Pi2Day product launches promised to bring practical application scenarios for the first time. These products were launched at the annual Pi2Day event on June 28 and include Pi Verify, Pi Sign-in and SoloHost. SoloHost is a permissionless framework within Pi Desktop that allows developers to build and deploy self-hosted applications for local artificial intelligence and distributed computing, while Pi Sign-in allows external websites and applications to use the Pi account as a login option.
The driving force behind the rebound
The key factor driving recovery seems to be the upcoming Protocol v25 upgrade. The Pi Core team has officially scheduled the Protocol v25 upgrade for July 22, 2026. This confirmation date has become the focus of traders 'attention. The recent price strength is directly attributed to this event. In addition, in the overall bearish trend, an anonymous wallet purchased more than 400 million PIs, showing firm confidence amid continued selling pressure.
Technical indicators had already signaled oversold before the rebound began. The daily relative strength index (RSI) fell to about 16 at one point, putting the PI into a deeply oversold area. Such readings usually signal a rebound after a prolonged decline, but the indicator alone does not confirm that an uptrend has begun. The Chaikin Money Flow indicator on the 8-hour chart steadily climbed to 0.13 between June 21 and July 6, even as PI prices continued to decline, forming a bullish divergence, indicating that large households were taking advantage of the low to absorb.
The future trend is still full of uncertainty. The overall price outlook for PI remains bearish until the tokens return to the main moving average. Continued concerns about token unlocking and selling pressures have dampened expectations for a rebound. Whether the current rebound is a real turning point or just a technical fix will likely depend on the market's acceptance of the Protocol v25 upgrade and whether the Pi2Day product suite brings evidence of practical application.
