Pi Network has seen a significant rebound after facing community backlash that caused a sharp drop in prices last month. Trading volume surged by 66.64% as per CMC data in the past few days, contributing to this positive trend. The overall cryptocurrency market also saw recovery with major coins like Bitcoin reaching previous trading levels. This momentum has helped Pi Network regain its footing despite ongoing regulatory developments. Notably, the altcoin’s price saw a modest 5.75% increase over the last 24 hours, and it appears to be attempting to overcome the bearish trend from last week. Trading data shows that after an intra-day high of $0.6521 on April 9th, Pi Network has been trading in the range of $0.5925 as of April 10th. The recent upward movement has led to a significant reduction in the weekly bearish trend, with a drop of approximately 6%. However, it is important to note that this positive momentum hasn’t yet translated into a full turnaround for Pi Network, which still experienced a 57% monthly decline due to the severe community backlash. Analysts point to Pi Network’s technical indicators indicating potential for recovery. The bull power value stands at 7.51 according to TradingView, while its bear power indicator remains close to -8.06. This suggests that if Pi continues its positive momentum, it could potentially overcome the bearish forces. Other altcoins such as XRP and Fartcoin have also shown similar positive movements in the past 24 hours.