Pi Network has lost the support of $0.36! Is the recovery in 2026 a high-risk buy the dip opportunity or an illusion?

Pi Network (PI) was once a representative of the mobile mining craze, but now it struggles around 0.35 USD. After losing the key support at 0.36 USD in April 2025, that level is no longer a reliable bottom. With technical weakness, token unlocking pressure, and centralization controversies, the market is following: Will the recovery in 2026 be a high-risk golden entry, or just an illusion of past optimism?

Technical Analysis: support broken, MACD death cross

$0.36 lost support: In April 2025, Pi broke through psychological support, hitting a low of $0.4012, ending the short-term speculative market.

Technical indicators:

RSI breaks below 50, momentum weakens

MACD death cross, historical data shows short-term win rate is below 40%

Trading volume has sharply shrunk since the sell-off in March.

Current pattern: consolidating in the range of $0.35–$0.33, lacking strong support; the 50-day moving average has become a dynamic resistance.

Risk point: In July 2025, the release of 137.85 million Tokens led to a 40% price drop in a single month, demonstrating the destructive power of supply shocks on Pi prices.

Fundamentals: Progress and Resistance Coexist

1. Positive Progress:

Listed on 12 exchanges (including OKX, Bitget, MEXC)

Banxa integration, receiving 10 million tokens after KYC

The number of dApps on the platform has exceeded 21,700, and the Pi2Day event has added 2.6 million users.

The Pi Hackathon will be held from August to October 2025, focusing on financial, gaming, and payment applications.

2. Challenge Factors:

The timeline for governance and mainnet migration is unclear.

Centralized controversy continues

Token unlocking pressure frequently impacts the market

Three Key Conditions for Recovery in 2026

Tier 1 Exchange Listing: If a new round of CEX exchange listings can be launched, it will significantly enhance liquidity and trust.

Regulatory Clarity: RWA (Real World Assets) tokenization and cross-chain projects need to obtain regulatory coordination support.

User retention and usability: Whether the 2.6 million new users of Pi2Day can be converted into long-term active users depends on the application of dApps and Tokens in daily transactions.

Investment Perspective: High Risk, High Return Speculative Entry

(Source: AI Invest)

Short-term strategy: The range of $0.35–$0.33 can be seen as a speculative layout area, but a strict stop-loss at $0.30 is required.

Medium to long-term target: If the technical aspect breaks through accompanied by strong fundamental growth (such as secondary mainnet migration and large institutional collaborations), there will be a chance to challenge $0.90 or even higher.

Position suggestion: Due to high volatility and centralized risk, PI should only account for a small proportion of a diversified investment portfolio.

Conclusion

The $0.36 support of Pi Network has become history, and the current consolidation around $0.35 feels more like an endurance race. The recovery in 2026 must meet two key conditions: a technical reversal and a fundamental breakthrough. For investors, this is a high-risk gamble — if they win, they might catch the next wave of altcoin trends; if they lose, they could just be reliving a harsh lesson from the crypto market.