- Pi Network (PI) rises above $0.097 as ecosystem updates support its recovery.
- Technical indicators improve, but resistance above $0.10 remains a challenge.
Pi Network (PI) extended its recent recovery on Monday, trading above $0.097 after posting gains for two consecutive weeks. The move comes as new ecosystem updates improve app discovery, reliability and tools for developers building on the network.
PI gained 1.68% last week and has continued higher in early Monday trading. The recent strength suggests that buying pressure is returning, although several technical levels could still limit the recovery.
Pi Network Ecosystem Updates Add Support to Recovery
The Pi Core Team recently released updates for SoloHost alongside Pi Desktop version 0.6.3. The changes are designed to improve how users discover applications while also enhancing reliability and providing developers with better tools.
The updates add to a series of ecosystem developments aimed at increasing the practical use of Pi Network. Better app discovery and developer infrastructure could help support activity across the network as more applications are built and made available to users.
For PI, continued ecosystem development provides a fundamental backdrop for the recent price recovery. However, the coin still needs to clear several resistance levels before the current rebound can develop into a stronger trend.
PI Price Faces Resistance Above $0.10
PI is trading around $0.097, slightly above its 50-day exponential moving average (EMA) at $0.094. Holding above this level gives the recovery some technical support, but PI remains below the 100-day EMA at $0.105 and the 200-day EMA at $0.138.
The Relative Strength Index (RSI) is around 60, showing that buying pressure has improved without reaching overbought conditions. The Moving Average Convergence Divergence (MACD) is also marginally positive, pointing to a possible recovery.
A move above the $0.105 area would put PI at its next major test. The $0.118 level is another important resistance zone, while the 200-day EMA near $0.138 could present a bigger challenge if the recovery continues.
On the downside, the 50-day EMA around $0.094 is the first support to watch. A break below it could expose PI to the $0.075 level. Further selling could bring the $0.045 area into focus, which previously acted as an important structural base.
For now, PI’s recovery is supported by improving momentum and continued ecosystem development, but the coin still needs to break above key EMAs to confirm a stronger bullish shift.
ALSO READ: VeChain Is Moving Into AI Agents — And It Could Change What the Blockchain Is For
DISCLAIMER:
This article reflects the author’s views and is provided for informational purposes only. While we strive for accuracy, the publisher does not guarantee that all information is complete or current. Readers should verify important information and consult appropriate sources before making decisions based on this content.
About the Author
