Pi Network rose above $0.097 on Monday, continuing the upward trend seen for the past two weeks. The project team recently released an update to SoloHost and launched version 0.6.3 of Pi Desktop, with a focus on application discovery, platform stability, and developer tools. The market is watching to see if these changes will continue to drive application usage and demand for the token.
Project team updates development tools
Pi Core Team indicates that the new version makes it easier for users to discover active SoloHost applications, while also improving platform reliability and supplementing development resources. The project team also mentioned that the relevant updates cover development tools such as AI and agents.
In the short term, ecological updates and token rebounds occurred almost simultaneously. PI rose by 1.68% last week and continued to climb at the beginning of this week. However, whether product updates can be translated into sustained demand still depends on whether the subsequent application activity continues to increase.
The short-term trend still remains above the 50-day moving average.
As of Monday, the price of PI was around $0.097, slightly higher than the 50-day moving average of $0.094. The article mentioned that the Relative Strength Index RSI was close to 60, indicating that buying momentum had improved, but it had not yet entered an overheated range. MACD was also slightly positive.
- The current price is approximately $0.097.
- 50 days EMA is approximately 0.094 US dollars.
- RSI Approaching 60
After stabilizing above the 50-day moving average, the short-term structure of PI has improved, but this more reflects a temporary recovery rather than a complete reversal of the trend.
The medium- to long-term resistance levels are still above.
Despite the continuation of the short-term rebound, PI is still below the 100-day and 200-day exponential moving averages, at approximately $0.105 and $0.138 respectively. This indicates that its medium to long-term trend has not yet emerged from the pressure range.
It is mentioned in the text that around $0.105 is the current primary resistance level. If the price continues to break through this level, the next target could be around $0.118. If it fails to hold there, the market will still pay attention to the support levels around $0.094 and $0.075.
