Pi Network's native token, PI, continued its upward trajectory on Monday, trading above $0.133 as ecosystem upgrades and improving technical indicators bolstered investor sentiment. The token has gained approximately 1.5% in the last 24 hours, building on a modest recovery that saw it close above a key resistance level last week.
The recent price action suggests a short-term shift in momentum, with the PI/USD 4-hour chart turning bullish after breaking above a descending trendline. However, the broader structure remains corrective, as PI continues to trade below its 50-day, 100-day, and 200-day exponential moving averages (EMAs).
Launchpad Upgrades Drive Ecosystem Momentum
Sentiment received a significant boost after Pi Network's official X account announced updates to its Pi Launchpad, following feedback from over 478,000 participants in the initial test phase. The launchpad, introduced on Pi Day 2026, has been refined to simplify participation flows and improve overall user experience.
“The first Launchpad test token attracted over 478,000 participating Pioneers and generated valuable feedback,” Pi Network stated. “That feedback has now been incorporated into a simpler participation flow and updated mechanics.”
In addition, Pi Network launched a second test token, “SLICE,” now active on Testnet until Pi2Day on June 28. This test aims to evaluate the updated launchpad system and provide users with further opportunities to interact with ecosystem token mechanics. These developments are seen as supportive for ecosystem growth, potentially strengthening user participation and improving sentiment around PI.
Technical Outlook: Key Levels to Watch
From a technical perspective, PI is approaching the $0.1340 level after breaking above a descending trendline resistance, signaling a short-term shift in momentum. However, the token remains in a broader corrective structure, with stronger resistance overhead.
If the rally continues, buyers will face immediate resistance near $0.1378, a level PI has struggled to reclaim. A decisive bullish close above this threshold could allow PI to extend its rally toward the 50-day EMA at $0.1489, with additional hurdles at $0.1592 and $0.1626. These levels collectively form a broad supply area that could limit near-term upside progress.
Conversely, if bearish momentum resumes, initial support is seen at $0.1296, with stronger support at $0.1242. A daily candle close below these levels would bring the $0.1186 area into focus as the key structural support level.
For context, Pi Network previously held support near $0.073 during a broader market downturn, as noted in our earlier analysis: Pi Network Holds $0.073 Support as Protocol v25 Upgrade Nears; Oversold RSI Hints at Relief.
Broader Market Context
The crypto market has seen mixed signals recently, with Bitcoin testing $65K resistance amid inflation data boosting risk appetite, as covered in Bitcoin Tests $65K Resistance as Inflation Data Boosts Risk Appetite. Meanwhile, other altcoins like Stellar are showing bullish patterns, with Stellar's Golden Cross Hints at $0.20 Breakout as Protocol v25 Upgrade Looms.
While Pi Network is showing early signs of recovery driven by ecosystem upgrades and improving technical momentum, the broader trend remains corrective. Sustained upside will likely depend on whether PI can break decisively above its clustered resistance zones and reclaim key moving averages.
This article is for informational purposes only and does not constitute financial advice.
