Network's PI Suddenly Explodes by 20%: Recovery or Dead-Cat Bounce?

Pi Network’s PI token surged nearly 20% in a late-week rally, climbing to a weekly high of about $0.10 and reigniting debate over whether the move signals a recovery or another short-lived rebound. The price action followed a sharp selloff that sent PI to consecutive all-time lows, including a breakdown below the $0.10 support level last weekend. Bears then pushed the token under $0.09 and $0.08 before it found support around $0.07, where it briefly rebounded. After recovering above $0.08 for roughly 24 hours, PI posted today’s jump toward $0.10, now a key resistance area. The article notes similar historical spikes after prolonged declines, including a mid-March surge tied to Kraken-listing hype that fell back below $0.20 within 72 hours.