Pi Network’s token steadied near $0.0785 after gaining about 4% in a day, recovering from a deep weekly slump that pushed it close to $0.073. Despite easing selling pressure, it still struggles to break through the key $0.08 resistance.
This uptick coincides with Pi Network unveiling an updated Launchpad system. Instead of funneling committed Test-Pi tokens directly to projects, the new model channels them into a liquidity pool via SLICE. This approach aims to provide immediate liquidity for ecosystem tokens and ties their value to practical app functionalities from day one. It’s a shift that could influence how new tokens gain traction in the network.
After losing nearly 20% over the past week, Pi Network coin found support just above $0.07, holding firm around $0.074 before bouncing back. The recovery appears linked to a broader market upswing, with Bitcoin and Ether rallying and stirring renewed interest in altcoins. This alignment suggests Pi’s price movement is more about overall crypto sentiment than just internal updates.
Traders watch the $0.08 mark closely. A sustained move above it would signal a healthier short-term trend and might ease pressure from sellers. Falling below $0.074, however, could open the door to retesting lows near $0.070. The relative strength index hints at a possible rebound, but the longer-term outlook remains cautious given the prevailing bearish trend.
Market participants should consider these dynamics carefully, especially given crypto’s volatility. Technical signals offer insight but no guarantees, so thorough research remains essential before committing funds.
This content is for informational purposes and does not constitute financial advice.
