Pi Rebounds From Record Lows as the Ecosystem Summit Nears
Pi Network (
@PiCoreTeam) $PI has increased about 8% in the last 24 hours, hovering around $0.070 after hitting a new all-time low of $0.0626 on November 9.
This advance appears technical, as PI emerges from an oversold situation, along with a small increase in open interest for derivatives contracts.
However, the asset is currently trading almost 97.7% below its February 2025 peak of $2.99.
All eyes are now set on the upcoming Ecosystem Summit from November 17 to 19, where there will be a hackathon with a total prize pool of $200,000 USDT.
In the meantime, is this just a short-term bounce back?