Pi Coin Price Dips Below $0.55 Amid Pi2Day Launch Excitement
4 min read
Important knowledge:
- PI -Münz Prize falls below 0.55 USD despite the PI2Day starts, signals a weak market mood and caution of the investors.
- Pi app studio and ecosystem directory -Directory of directory, but Pi Coin fights with a bearish impulse and low trading volume.
- The PI coin is confronted with a resistance of 0.530 to 0.535 US dollars, whereby technical indicators point to a continuing pressure.
The PI2Day event, which takes place every year on June 28th, is an important celebration for the PI Network Community. This year it was expected that interest rates at the PI -Münz Prize. The event marked the publication of two important functions: the PI App Studio and the ecosystem directory.
Despite these main launches, the PI fell below 0.55 US dollars and disappointed many who had hoped for a value boost. According to the latest data, the PI -Münz Prize was traded at around USD 0.5372. This reflected a decline of almost 4% in the last 24 hours.
PI -Münz Prize fights to gain dynamics despite a new feature starts
PI Network launched two important functions on PI2Day to improve its ecosystem. With the PI App Studio, a NO code platform with AI-operated, users can create decentralized applications without coding skills.
Pi Network aims to democratize the app development and to rationalize the process and to shorten the development time to 70%. In addition, the “Ecosystem Directory” feature of users PI -Token enables preferred apps.
This influences its visibility within the network. This decentralized ranking system promotes the commitment of the community and highlights quality projects.
Source: x
Despite the excitement of these new starts, the PI Münz Prize did not see the expected increase. The price reached 0.5975 US dollars, but quickly fell below $ 0.55.
In addition, the trading volume decreased by 5% to $ 140.36 million. This indicates that investors are careful and the weak market trust in the short -term prospects of the tokens.
Long-term vision and AI integration of the PI network
PI Network integrates KI into blockchain to create a scalable and accessible social network and app development framework. The latest introduction of AI-powered functions such as PI App Studio matches this vision. The aim is to offer real service programs within the network.
The PI network tries to use the combination of AI and blockchain to solve social problems. It also strives to improve social and economic systems.
The current short-term perspective of the PI coin is unclear. In the long term, the vision of using AI could offer future development potential.
The PI -Münz Prize still struggles with these changes and has a value of less than 0.55. A recovery is still uncertain at this point. Investors have to carefully observe the market to determine whether these new functions will have a positive impact on future prices.
PI -Münzpreisprei -Fätzen despite the latest consolidation
TradingView showed that the PI -Münz Prize has decreased by 1.01% against Tether (USDT) in the last four hours. This reflected the continuous market weakness.
The price for PI stabilized after a few high fluctuations in mid -April to about a price level of 0.5268. Such a step in the area is in favor of a lack of clarity on the market, and retailers now have no direction.
The momentum is bearish on the technical side. The sliding average convergence divergence (MACD) remains in the negative area, and the MACD line is below the signal line, so that a downward trend is still expected. The histogram is red, which means that the page is pressed below.
In addition, the relative strength index (RSI) is 38.69 close to the overlapping zone. It is not a very strong purchase interest. If the RSI does not show any improvement, it should be willing to meet the reduced prices.
PI network/Tether-4h OKX | Source: Tradingview
There is support at around 0.525 US dollars, whereby the PI -Münz Prize is resistant. A fall below this number can cause the downward trend to achieve other edges of $ 0.500.
The resistance is observed within the area of 0.530 to 0.535 US dollars. An outbreak of the area can mean price transport or consolidation at a higher level.
Disclaimer
This article only serves for informative purposes and does not offer any financial, investing or other advice. The author or all the persons mentioned in this article are not responsible for financial losses that can occur through investment in or trading. Please research your research before making financial decisions.
Olivia Stephanie is a FinTech -enthusiast with a pronounced understanding of the financial markets. She prompted her passion for economy and finance to research aspiring blockchain technology and cryptocurrency markets.
