Pi Network's native token (PI) has gained 20% over the last four days, trading at $0.84, showing signs of recovery after a volatile period in May.
Daily trading volume surged 150% to $548 million, indicating renewed market interest following previous price plunges.
Technical indicators present a cautiously optimistic outlook, with neutral RSI at 54, but challenges like low market depth and lack of major exchange listings remain.
1.47 billion PI tokens scheduled to unlock over the next year could lead to increased selling pressure, impacting price movements.