Pi Network’s token PI jumped more than 10% in the last two days, rebounding from a selloff that drove it to a July 28 low near $0.074. According to data compiled by CoinGecko, PI rose to close to $0.082 by July 30 after easing from roughly $0.074, extending a recovery attempt that has so far regained about 10% from the local bottom but still leaves the token lower on the week.
The move gathered momentum as traders weighed a cluster of ecosystem and technical catalysts, including progress toward international token identification standards and preparations for an upcoming protocol upgrade with a defined deadline. While the rebound improved short-term momentum, analysts highlighted that the broader trend remains challenged.
Key takeaways
- Price move: PI recovered more than 10% from its July 28 low near $0.074, reaching close to $0.082 by July 30, though it remains down over the past seven days.
- Catalyst: The rebound coincided with Pi Network’s addition to the Digital Token Identifier Foundation Registry under ISO 24165 and momentum tied to Protocol 26 upgrade instructions.
- Momentum improving, trend unconfirmed: Technical signals improved on intraday charts, but PI still trades below key daily moving averages.
- Next area investors are watching: Traders are likely to focus on whether PI can break above the 20-day EMA near $0.088 and then the 50-day EMA around $0.105.
What drove the move
One of the main catalysts behind the latest upswing came after Pi Network was added to the Digital Token Identifier Foundation Registry under the ISO 24165 digital asset identification standard. According to the report, the registration provides PI with an internationally recognized Digital Token Identifier (DTI), placing it in a standardized framework used across digital asset markets.
Market participants have framed the development as a step toward reducing compliance and operational friction for exchanges, custodians, and institutional service providers. While a DTI does not ensure regulatory approval or exchange listings, investors have interpreted it as improving institutional “compatibility,” which helped support buying interest after recent price weakness.
Attention also turned to Pi Network’s upcoming Protocol 26 (v26.1) upgrade. The Core Team instructed node operators to upgrade before an Aug. 11 deadline, after which older versions will no longer be supported. The same source said the upgrade is expected to remove outdated node software, reduce unnecessary historical data stored by nodes, and improve network efficiency.
Separately, the ecosystem rollout provided another near-term catalyst. The report said developers distributed 10 million SLICE test tokens and expanded Automated Market Maker (AMM) price tracking on the Pi decentralized exchange testnet. Traders viewed the activity as evidence of functional liquidity and trading infrastructure on the testnet rather than purely future-planning announcements.
Market reaction: rebound, but daily trend still bearish
Technical analysis presented in the article suggests the rebound is improving momentum, but it has not yet overturned the broader downtrend. On the daily chart, PI remains below multiple moving averages: the 20-day EMA at $0.0881, the 50-day EMA at $0.1048, the 100-day EMA at $0.1257, and the 200-day EMA at $0.1702. The moving-average alignment was described as consistent with a still-bearish primary trend despite the rebound.
On momentum metrics, the Relative Strength Index (RSI) recovered to around 37.5 after briefly moving into oversold territory during the July 28 selloff. The article said an RSI rise alongside price stabilization can indicate that selling pressure is easing, though the indicator remains below the neutral 50 threshold.
Intraday conditions looked more constructive. On the four-hour chart, the article cited a bullish MACD crossover in which the MACD line moved above the signal line and the histogram turned positive, signaling improving short-term momentum. It also noted that Chaikin Money Flow (CMF) returned above zero to approximately 0.06, suggesting capital flow may be rebuilding after several distribution sessions. Volume reportedly increased during the rebound from the $0.074 low, supporting the idea that the recovery was not purely a low-liquidity bounce.
What analysts are saying to watch next
The article framed the current phase as an attempt to establish a base, with confirmation of a full reversal still incomplete. The first technical hurdle sits near the 20-day EMA around $0.088, where prior selling pressure has emerged. A decisive break above that level could expose resistance near the 50-day EMA around $0.105.
For a medium-term recovery case, the report said investors would likely look for PI to reclaim the $0.09 to $0.105 zone. It also outlined the risk scenario: if PI fails to hold the rebound, it could retreat back toward the July 28 support zone around $0.074. Losing that level would, according to the article, weaken the recovery thesis and raise the odds of another leg lower.
Bigger picture
From a fundamentals and positioning perspective, the interplay between standardized token identification and scheduled protocol execution appears to be driving the renewed attention. International DTI recognition may help reduce perceived structural uncertainty for market participants, while the Protocol 26 upgrade timeline and ecosystem testnet developments create concrete catalysts traders can price ahead of defined milestones.
That said, with PI still below key longer-term moving averages on the daily chart, investors are likely to treat the current rally as a test rather than a confirmed turnaround unless it can clear resistance levels and sustain gains into the next technical inflection points.
Next to watch: whether PI can hold above the July 28 support area near $0.074 and push through the $0.088 level toward the $0.105 region, alongside follow-through from the Protocol 26 upgrade process before the Aug. 11 deadline.
