Pi Network Token Sees 36% Recovery as Analysts Predict Key Price Targets

The Pi Network (PI) token has seen a 36% recovery since July 14, moving from $0.07070 to $0.09634 on August 21, according to recent market data. This recovery is being attributed to stronger crypto-market sentiment and an improving price structure.

Analyst Kim H. Wong believes that Pi could challenge the $0.12 level due to this improved price structure. On the other hand, technical analyst Crypto With Gopal has a more bullish view, stating that Pi is forming a double-bottom with buyers defending the $0.07-$0.08 zone.

The key level for Crypto With Gopal's analysis is $0.11, which could confirm the reversal and open up a potential move toward $0.15 if broken clean above it. It's worth noting that Pi needs to reclaim major moving averages to strengthen this setup.