Pi Network has inched higher again, rising more than one percent in the past 24 hours and trading at $0.385. Since touching a low of $0.3303 on August 25, the token has rebounded by more than 16 percent, raising hopes that momentum could carry it toward the one-dollar level.
However, a large unlock of about 149 million tokens is set for September. That additional supply could weigh on the market.
Liquidity is another concern. Daily trading volume has been steadily declining since mid-May, and currently sits near $43.8 million. Weak liquidity makes it harder for the market to absorb selling pressure and increases the risk of sharper price swings.
Technically, Pi remains caught in a descending channel pattern that has been in place since May, keeping the broader trend bearish. Indicators also show the market leaning negative, with the Relative Strength Index at 38, signaling weak momentum, while the MACD remains flat, pointing to trader indecision.
If bearish forces dominate, Pi could revisit its all-time low around $0.322. On the other hand, a sustained recovery may test the $0.400 resistance level.
Why Pi Is Rebounding
Analyst Kim Wong says Pi’s rebound is not solely a technical bounce but is being supported by new developments around the ecosystem. The token was recently listed on Swapfone on August 25, and perhaps more importantly, saw the launch of a Pi SEK exchange-traded product (ETP) by Valour in Europe.
Protocol upgrades and the rollout of Linux nodes have also contributed to improved confidence in the network, while heavily oversold conditions created an opportunity for buyers to step back in. Together, these factors have helped Pi regain some lost ground.
The Importance of Valour’s Pi ETP
Founded in 2019, Valour is a regulated financial firm focused on bridging traditional finance with the digital asset sector. The company already offers 85 exchange-traded products tied to more than 30 cryptocurrencies.
For a token that has been largely community-driven since its inception, entering the exchange-traded product market represents a step toward institutional recognition and mainstream adoption.
Can Pi Reach $1 Again?
Whether Pi can climb back to $1 will depend on the balance between bearish market conditions and bullish adoption catalysts. On one side, upcoming supply unlocks and declining trading activity continue to pressure the price. On the other, exchange listings, ecosystem development, and the Valour ETP create new opportunities for growth.
