Pi Network’s PI token traded above $0.133 on Monday, extending its recent rebound as sentiment around the project improved.
The rally comes after the coin posted a modest rebound and closed above a key resistance level last week.
The recovery has improved short-term sentiment, supported by early technical signs that bearish momentum is beginning to fade.
However, the token remains in a broader corrective structure.
Launchpad upgrades push ecosystem momentum
Sentiment around Pi Network received a boost after the project’s official X account announced updates to its Pi Launchpad following large-scale user feedback.
The launchpad, introduced on Pi Day 2026, has undergone refinements after participation from more than 478,000 users in its initial test phase.
According to the project, feedback from the test was used to simplify participation flows, improve launchpad mechanics, and enhance the overall user experience.
“The first Launchpad test token attracted over 478,000 participating Pioneers and generated valuable feedback,” Pi Network said.
“That feedback has now been incorporated into a simpler participation flow and updated mechanics.”
Pi Network also announced the launch of a second test token, “SLICE,” now active on Testnet until Pi2Day on June 28.
The test aims to evaluate the updated launchpad system and provide users with additional opportunities to interact with ecosystem token mechanics.
The initiative is part of broader efforts to expand engagement and refine the platform ahead of wider rollout.
These developments are seen as supportive for ecosystem growth, potentially strengthening user participation and improving sentiment around PI.
PI technical outlook shows early signs of stabilization
The PI/USD 4-hour chart has switched bullish as PI is approaching the $0.1340 level after breaking above a descending trendline resistance, signaling a short-term shift in momentum.
However, the broader structure remains fragile, with the token still trading below key moving averages, including the 50-day, 100-day, and 200-day EMAs.
This positioning suggests that while recovery signals are emerging, stronger resistance remains overhead.
If the rally continues, buyers will encounter immediate resistance near $0.1378, which PI has struggled to fully reclaim.
A decisive bullish close above this level could allow PI to extend its rally towards the 50-day EMA at $0.1489, with additional hurdles at $0.1592 and $0.1626.
These levels collectively form a broad supply area that could limit near-term upside progress.
However, if the bearish trend resumes, initial support is seen at $0.1296, with a stronger support sitting at $0.1242.
A daily candle close below these levels would bring the $0.1186 area into focus as the key structural support level.
While Pi Network is showing early signs of recovery driven by ecosystem upgrades and improving technical momentum, the broader trend remains corrective.
Sustained upside will likely depend on whether PI can break decisively above its clustered resistance zones and reclaim key moving averages.
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