Pi Network's token has been trading near its all-time low of $0.13, down roughly 95% from its peak above $2.90.
The price needs to recover by around 60% to reach the $0.20 level, a psychological and technical zone that would signal a break in the downtrend.
The core issue is supply meeting weak demand: ongoing token unlocks add millions of coins while trading volume remains low at below $10 million against a market cap over $1.3 billion.
Bullish catalysts include the annual Pi2Day event, new smart contracts, and a growing app ecosystem, which could spark a recovery.