Pi Network (PI) has managed to break free from a sluggish 45-day bearish trend that has characterized its trading activity since May, when the token was priced above the $1 mark.
In a notable turn of events during Wednesday’s trading session, PI experienced a 15% increase, rising from a session low of $0.51 and reclaiming the critical $0.60 level for the first time in two weeks.
Source: Coingecko
At the time of reporting, the token is stabilizing at $0.623, marking a significant achievement for those who have faced a prolonged period of price declines.
Although the token remains approximately 63% below its highest price of the year, which peaked at $2.98, Pi Network continues to hold a prominent position within the cryptocurrency market, currently ranked among the top 30 digital currencies by market capitalization.
Chainlink Integration Fuels Pi Rally as 60 Million Users Gain DeFi Access
Market analysts attribute the recent surge in Pi’s price to the developments following Chainlink’s announcement in April regarding the expansion of its data stream.
Chainlink’s oracle network disclosed its plans to incorporate 22 new assets and seven additional protocols into its infrastructure, with Pi Network being included among the selected projects.
As a decentralized oracle network, Chainlink plays a crucial role in supplying verified, real-time data to blockchain applications, establishing itself as a vital component of contemporary decentralized finance (DeFi) ecosystems.
Mastercard and Chainlink have partnered to allow cardholders to purchase cryptocurrency using on-chain liquidity.
Secure fiat-to-crypto swaps are enabled by the Chainlink platform and the Mastercard global payments network.
This collaboration bridges traditional finance (TradFi) and decentralized finance (DeFi) through decentralized oracles.
"In coming together… https://t.co/bLjr3TuY0G pic.twitter.com/crKJCYaCjl
— Zach Rynes | CLG (@ChainLinkGod) June 24, 2025
For Pi Network, which boasts over 60 million active users, this partnership signifies access to essential infrastructure that facilitates advanced decentralized finance applications.
The integration has catapulted Pi Network into a prominent position, making it one of the most talked-about cryptocurrency projects recently, as reflected in its robust social media presence across various platforms.
Data from LunarCrush indicates that Pi Network currently leads discussions in the cryptocurrency social media sphere, achieving over 18% market dominance and outpacing other established projects like Solana, Aave, FARTCOIN, and Ondo Finance.
Pi2Day Event May Spark Millions in Trading Volume as KYC Unlock Fuels $1 Aspirations
The recent surge in social media activity aligns with the upcoming Pi2Day, an annual mid-year celebration scheduled for June 28.
This date holds numerical significance, referencing the mathematical constant Pi (π ≈ 3.14) and its multiple (2π ≈ 6.28).
Typically, Pi2Day serves as a forum for the Core Team to unveil ecosystem advancements, user growth statistics, and infrastructure developments.
#Pi2Day approaches with $Pi rising 22% in the last 24 hours.
Pi Domain auction concludes in three days.
New AI partnership and Web3 ecosystem developments are on the horizon.
Optimism is building. pic.twitter.com/qZ9PSzGNSr
— Varangian Observer (@Varangian_CC) June 25, 2025
This year’s event is particularly noteworthy as the community anticipates major announcements that could significantly enhance adoption rates.
The most anticipated update involves an improved Know Your Customer (KYC) synchronization feature, which will enable connections between the Pi Browser and the main Pi App, allowing users to consolidate identity verification information across both platforms.
This streamlined process could facilitate the transition of millions of users currently holding “pending” or “tentative” KYC statuses to complete their migration to the live Mainnet.
Successful migration will unlock critical features, including wallet capabilities and the ability to transfer Pi tokens onto the active blockchain network.
Moreover, with over 100 days since the Open Mainnet launched, community members are keenly awaiting announcements concerning new applications and developer tools, as any showcased practical utility might reshape market perceptions, transitioning from speculative mining to legitimate use case adoption.
Global search interest in @PiCoreTeam has hit its lowest in 2025, prompting fresh inquiries regarding the project’s momentum.#Pi #PiNetwork https://t.co/8RI6arkBgA
— Finance Newso.com (@Finance Newso) June 5, 2025
Descending Wedge Pattern Broken: Analysts Target $1.25 as Pi Bulls Dominate
The PIUSDT chart illustrates a robust breakout from a descending wedge formation, a well-recognized bullish reversal structure.
This breakout renders the previous bearish trend obsolete and opens pathways for a potential uptrend. Significant upside targets include the $0.9624 and $1.0486 levels, which were previously demand zones and likely serve as resistance now.
Source: Bullcrypto on TradingView
The next critical resistance level is positioned close to the psychological $1 mark, aligning with the peak of the highlighted green supply zone.
With positive momentum favoring bulls post-breakout, the short-term outlook appears optimistic. Should the price remain above the broken wedge structure, a shift towards the $0.90 to $1.05 range seems plausible.
The post Pi Breaks 45-Day Slump with 15% Pop on Chainlink Integration — $1 Target Now in Play appeared first on Finance Newso.
