Pi Network Price Recovery: Early Signals Suggest the Drop Could Slow as November Brings New Catalysts

Pi Network has had one of the most dramatic journeys in the crypto world. It started as a mobile mining project that attracted more than 50 million users, and for many early participants, it represented a new way to own cryptocurrency without expensive hardware. But once Pi’s mainnet launched and the token became more widely traded, the price struggled to hold up. Sharp corrections and uncertainty around utility made Pi one of the more volatile altcoins this year.

Now, as November begins, there are signs that Pi may be trying to stabilize. New developments in its ecosystem, fresh activity on test networks, and progress toward global standards have created cautious optimism. To understand whether this recovery has real strength behind it, we reviewed market data, user trends, and comparisons with other altcoins that went through similar phases before finding stability. The goal is to help readers understand whether Pi’s recent rise is the start of something firmer or simply a temporary pause in a larger downtrend.

Pi’s story since mainnet launch has been intense. After briefly touching highs near $3, the token lost more than 90% of its value and fell below $0.15 by the end of October. This steep drop shook investor confidence and pushed Pi’s market cap under $2 billion. However, as of November 4, Pi is trading around $0.23. While this is still far from its earlier highs, it represents a significant recovery of more than fifty percent from its lowest point.

This recent rise has not been smooth. Pi is still volatile, showing daily declines even as it trends upward week by week. Much of the movement can be explained by low liquidity, meaning there is less trading activity compared to larger cryptocurrencies. With about $50 million in daily trading volume, even moderate buying or selling can create big price swings.

Still, part of this rebound suggests more than random movement. Millions of Pi users have now completed KYC verification, reducing uncertainty around unlocks and circulating supply. Some institutional traders are also beginning to take small positions in Pi, likely testing whether its user base and upcoming upgrades could support long-term value. Other altcoins with similar early price crashes, such as Kaspa, went through comparable drops before eventually doubling in value. Pi’s recent stabilization around the $0.20 range is consistent with what analysts call a “capitulation bottom,” meaning the selling pressure may be slowing down.

From a technical standpoint, Pi’s chart shows early signs of a possible trend reversal. Over the past few weeks, Pi has been forming a pattern known as a falling wedge, which often appears near the end of a downtrend. The token recently broke above the upper line of this pattern and is retesting that line, which some traders view as a positive sign.

Momentum indicators also support this idea. Tools that measure buying and selling strength show Pi moving upward from oversold conditions, suggesting that sellers are losing control. If Pi can hold above the $0.25 level, analysts believe it could aim for the $0.50 region next. This would not be guaranteed, but it would match the breakout patterns seen in other recovering altcoins. Even so, Pi remains highly influenced by broader market conditions, especially Ethereum, meaning any large moves in major assets could easily impact Pi.

Why Pi Is Getting Attention Again

The recent recovery is not happening in a vacuum. Pi Core Team has invested in OpenMind, and together they have finished an important proof-of-concept. This test showed that Pi node operators can run AI models for OpemMind directly on their own systems. This is a major milestone because it proves that Pi’s network can handle real computational work for outside companies, not just basic blockchain tasks. It opens the door for Pi nodes to support more real-world services in the future.

Pi’s development team has been rolling out testnets for decentralized exchanges and automated market makers, which could finally help Pi build real utility. These tools would allow users to trade Pi in a more open and decentralized way while earning rewards for providing liquidity. This type of infrastructure has been essential for the growth of many other altcoins.

Another important development is Pi’s progress toward ISO 20022 compliance, an international standard used by the banking industry. If Pi succeeds, it could become easier to integrate with global financial systems, especially for cross-border payments. This matters because Pi’s massive user base makes it a unique candidate for mobile-friendly remittance services.

Projects like Notcoin have shown how mobile-based tokens can thrive when real utility and easy access come together. If Pi successfully launches its DEX ecosystem, strengthens its AI-related partnerships, and follows through on compliance goals, it could open the door to more consistent demand and fewer extreme price swings.

Pi Network’s rise from under $0.15 to around $0.23 shows that its steep fall may be slowing. The combination of technical improvement, ecosystem progress, and a massive verified user base gives Pi a chance to regain credibility. But this recovery is still fragile. Liquidity challenges, centralization concerns, and market uncertainty remain barriers.

For beginners and long-time supporters alike, the key is to watch how Pi’s November milestones unfold. If its DEX testing, compliance goals, and AI integrations continue to advance, the path toward long-term stability becomes clearer. If delays persist, the token may struggle to maintain momentum. What is certain is that Pi’s next chapter will be shaped not just by price action but by how successfully it converts its huge community into real, lasting utility.