Plian pricePI

Pi Network's Landmark Progress: On the Verge of Smart Contracts and Open Mainnet ​The recent Protocol v23 Upgrade marks a significant step in Pi Network's history. This successfully completed upgrade has ensured the Testnet's performance and stability, even under high transaction volumes. This robust performance is directly paving the way for the launch of Testnet2 and, ultimately, the Open Mainnet. Most importantly, this technological enhancement enables Smart Contracts to run directly on the Pi blockchain. This means developers will soon be able to build Decentralized Finance (DeFi) and various dApps based on Pi, which will multiply the utility and value of the Pi Ecosystem. This upgrade is rapidly moving the process forward to transform Pi Network into a fully functional blockchain platform.

$PI guys please explain what is th current situation why Pi price going down :(

The Future and Potential of Pi Network The future of the Pi Network primarily hinges on the launch of the Open Mainnet, which will fully unlock the coin for comprehensive transactions. The future value of Pi will rely heavily on its massive Ecosystem and real-world Utility. The main goal is to enable millions of users to easily transact for daily goods and services using the Pi app. This Mass Adoption and the creation of a robust Web3 platform through blockchain technology are the core objectives of the Pi Network.

$PI Short-Term In-Depth Analysis Price is currently trading inside a tight right-shoulder consolidation, forming pressure just below a key breakout zone. The structure remains constructive, but price is waiting for a catalyst. 📌 Key Levels to Watch : 🔸Resistance Zones $0.245 – $0.255: First supply block where sellers react $0.29 – $0.30: Neckline and major breakout level A clean candle close above $0.30 confirms momentum shift. 🔹Support Zones $0.215 – $0.220: Short-term holding range $0.19: Secondary demand zone $0.152: Major swing low / invalidation zone 📈 Short-Term Bullish Case Here’s what a bullish move looks like: Price holds above $0.22 Pushes through $0.245 – $0.255 Reclaims $0.29 – $0.30 neckline Breakout triggers a fast move toward $0.33 $0.36 This region aligns with short-term liquidity pockets from the left side of the chart. Momentum confirmation: A daily candle closing above $0.30 with increasing volume. 📉 Short-Term Bearish Case If $PI fails to hold the mid-range: Losing $0.22 exposes $0.21 $0.19 as next support levels. A breakdown below $0.19 invalidates the right-shoulder structure and brings price back toward: $0.152 major low ⏳ Structure Summary The Head & Shoulders inverse pattern remains intact. Price is in the coil zone, meaning volatility will pick up soon. Breakout direction will be decided at two levels: Bullish trigger → $0.30 Bearish trigger → $0.21 🧭 Conclusion - #PI is at a decisive point. It’s compressing beneath a major neckline while holding higher lows on the right shoulder. A breakout above $0.30 would flip momentum instantly, while losing $0.21 puts bulls on the defensive.

Pi Coin (PI) is failing to regain momentum and is stuck in consolidation due to severe investor apathy and unfavorable technical signals. The lack of meaningful transactional volume suggests the price is vulnerable to further downside once volatility returns. I. Key On-Chain Metrics Indicating Weakness The analysis points to low engagement and strong bearish momentum: Weak Trading Volume: Data from the top 100 transactions in the last 24 hours showed only slightly more than 9 million PI moved across the network, valued at under $2.45 million. Implication: This minimal transactional volume highlights low interest from major holders and limited active participation, which fails to support momentum. Deepening Bearish Pressure: The Squeeze Momentum Indicator is showing a squeeze forming, marked by extending red bars. Implication: This pattern reflects strengthening bearish pressure, suggesting that market sentiment is likely to deteriorate further before finding relief. The subsequent release of the squeeze is expected to trigger heightened volatility, likely resulting in a sharper price drop given the current downward bias. II. Specific Support Levels and Bearish Price Forecast The price is trapped in a narrow range, with bearish indicators pointing toward a breakdown: Current Consolidation Range: Pi Coin is currently consolidating between $0.234 (resistance) and $0.217 (support). Bearish Forecast: Given the weak on-chain and technical indicators, Pi Coin is expected to remain rangebound. If pressures intensify due to a release of the bearish squeeze, the price is likely to slip below $0.217. Consequence: A drop below $0.217 would extend the ongoing decline and significantly weaken recovery prospects. Bullish Invalidation (Needed for Recovery): For the bearish thesis to be invalidated, investors must step in to drive a sustained break above the $0.234 resistance level, which would open the path to $0.246. ⚠️ Important Disclaimer This analysis is for informational and educational purposes only and is derived from public market data and technical analysis. It is not financial advice, nor should it be construed as a recommendation to buy, sell, or hold any security or cryptocurrency. The cryptocurrency market is highly speculative, volatile, and subject to external factors. Readers must conduct their own comprehensive research (DYOR) and consult with a qualified financial advisor before making any investment decisions.