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Pi Network Update: Rising Innovation Meets Lagging Price – Key Insights
Innovation: Pi Network launches Fast Track KYC and ecosystem updates, boosting platform functionality.
Price Action: PI remains in a downtrend, failing to reclaim key resistance at $0.215.
Trading Strategy: Wait for breakout above $0.218 or breakdown below $0.20 before entering trades.
Pi Network — PI, has seen steady development, yet the price continues to lag. Recent gains were minimal, with 24-hour growth at 0.12 percent and one-week growth at 0.39 percent. This muted price action coincided with Bitcoin trading between $85,000 and $90,000. Despite strong innovation and ecosystem updates, PI has struggled to find a sustainable uptrend. This article explores recent developments, technical signals, and what traders should watch next.
Innovation on Pi Network
The lack of a strong trend in PI price does not reflect inactivity. The network has introduced several notable improvements. The Fast Track KYC feature, launched in September, accelerated identity verification by integrating AI into the validation process. Users can now complete KYC faster, enhancing accessibility and onboarding.
Pi2Day brought excitement to the community, highlighting two new ecosystem features and numerous tech updates. The December hackathon crowned Blind Lounge, a privacy-first dating and social platform, as the winner. These developments demonstrate Pi Network’s commitment to innovation and user growth.
Despite these positive changes, price action has not mirrored the advancements. Technical indicators show a bearish structure, with previous support zones failing to hold. Even with strong user engagement and ecosystem activity, the market has not rewarded PI with sustained upward momentum.
Technical Outlook and Trading Strategy
Since late November, PI has followed a downtrend. The bullish structure seen earlier in the month was fully retraced. The $0.215 level, previously a support zone, provided little resistance to sellers. A brief rally from December 16th to 19th moved PI from $0.192 to $0.218. However, the $0.215 level could not be reclaimed, indicating seller dominance.
Moving averages present additional resistance. The 20-day moving average at $0.205 and the 50-day moving average at $0.221 are likely to hinder bullish momentum. On-balance volume has remained flat for the past two weeks, reflecting slow buying demand. Unless buying pressure increases, the outlook for a strong rally remains limited.
Traders should wait for clear signals before taking action. A breakout above $0.218 followed by a retest as support could provide a long entry opportunity. Positive momentum in Bitcoin would also support this bullish case. On the other hand, a breakdown below the $0.20 support could allow short positions. Potential bearish targets would be $0.191 and $0.185, aligning with the longer-term downtrend.
Overall, Pi Network continues to innovate while the price remains subdued. The network demonstrates strong technical and product growth, yet market reaction has been slow. Traders should monitor key resistance and support levels and watch for increased demand before committing. Patience and careful observation will likely offer the best opportunities in the current market environment.