Pi Network (PI) price is down 5% in 24 hours to change hands around $0.58. The declines come as profit-taking hits following a bounce from lows of $0.46 and a 20% surge on Wednesday. Bullish sentiment across crypto could help bulls target $1.

Pi Network (PI) is down 5% in the past 24 hours as it trades around $0.58, with the declines coming after the cryptocurrency rode overall bullish waves to rise nearly 20%.

The PI token is down from highs of $0.66 reached on Wednesday, with this flip lower threatening to derail the recovery seen since the drop to $0.46 this past weekend.

However, can buyers tap into Pi ecosystem strength, notably the integration of generative Artificial Intelligence (AI) to make upward moves?

Pi Network’s recent price gain from lows of $0.46 highlighted a notable 20% spike to highs of $0.66.

The upside aligned with the broader cryptocurrency market upswing, which saw Bitcoin break to $108k and eye a rally to $110k.

Altcoins have also capitalized on renewed investor confidence, with Ethereum, XRP, Solana, and BNB near key levels.

However, the gains for Pi Network appear to have welcomed profit-taking deals as the token has dipped under $0.58.

Despite this, data from Santiment has highlighted a spike in social volume.

An uptick in chatter, coupled with overall sentiment signaling community enthusiasm.

Hints from the Pi Network team about integrating generative AI, a move that could position the project at the forefront of blockchain-AI convergence, also offer notable tailwind support.

Co-founder Nicolas Kokkalis participated in a GenAi panel at Consensus 2025, and the Pi Network community is upbeat ahead of a major update slated for June 28, 2025.

How is GenAI related to Pi Network? Why did one of two Pi Founders, Nicolas Kokkalis, participate in a GenAI panel at Consensus 2025? Answer on Pi2Day (6.28.2025)

— Pi Network (@PiCoreTeam) June 21, 2025

As broader market sentiment continues to tilt bullish, PI’s price could weather the downturn as buyers use the dip as an opportunity.

However, traders might want to watch key Pi Network price levels and short-term trajectory.

A look at the charts shows technical indicators pointing to further weakness for bulls.

The Moving Average Convergence Divergence (MACD) indicator on the 4-hour chart signals weakening bullish momentum, while the Relative Strength Index (RSI) shows a flip from overbought territory.

Currently, the RSI on the 4-hour chart is downsloping at 53.

If bears take control, a dip below $0.56 could see the PI price drop to $0.46.

On the other hand, a boost in risk-on sentiment could encourage traders to accumulate PI.

In this case, a decisive break above $0.63 could see momentum propel the token toward the psychological $1.00 mark.

Potential resistance would be around $0.75.

Risks include potential selling pressure from geopolitical tension, macroeconomic headwinds, and token unlocks.

The post Pi Network price pares gains after 20% surge appeared first on CoinJournal.

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