Will transition to Open Mainnet fuel Pi? Resistance levels in focus
Pi (PI) is trading at $0.0946, posting a daily gain of 10.4%. The price is above its key short- and medium-term moving averages, indicating recent bullish momentum, while remaining below its long-term average.
Highlights
- Pi Browser 2.0’s upgraded access speed and wallet security strengthen network infrastructure, fueling user growth and engagement.
- Ongoing transition to an Open Mainnet and expanding application ecosystem increase Pi Network’s reach and utility.
- PI/USD shows strong intraday bullish momentum, with high probability of consolidation in the $0.0871–$0.1021 range barring a break of key support.
Ecosystem upgrade and expansion drive user growth outlook
The recent launch of Pi Browser 2.0, featuring improved ecosystem access speed and stronger wallet security, represents a key infrastructure improvement for the Pi Network and directly enhances user experience. This upgrade is expected to attract new users and solidify engagement, supporting higher demand for Pi. At the same time, the network’s ongoing transition to an Open Mainnet, a growing suite of applications across categories such as shopping and education, and active community calls for broader exchange listings continue to expand the project’s overall reach and utility.
Momentum signals strengthen despite distance from long-term average
On the h1 timeframe, PI/USD is trading above the 20-period moving average at $0.0938 and the 50-period moving average at $0.0882, but remains well below the daily 200-period moving average at $0.1628. Immediate intraday support is identified at the Ichimoku Kijun line of $0.0943. Momentum indicators show strong signals, as the Moving Average Convergence Divergence (MACD), Average Directional Index (ADX), Commodity Channel Index (CCI), Bull/Bear Power, and Awesome Oscillator are all aligned to the upside, while the Relative Strength Index (RSI) reads 60.55. However, the Stochastic RSI is neutral, pointing to potential divergence at the current levels.
Consolidation risk rises as price nears band extremes
In the near term, PI/USD is expected to trade within a volatility band of $0.0871 to $0.1021. Odds favor consolidation within this corridor, given current market structure and momentum. A breakout above resistance could extend gains toward the upper end of the range, while a move below immediate support may introduce renewed downside risk and test lower support levels.
Earlier, analysts noted that Pi was gaining bullish momentum amid ongoing protocol upgrades and growing buyer confidence. The latest price action and ecosystem developments reinforce this trend, with current consolidation above short-term support suggesting traders should monitor for a potential breakout toward the upper end of the prevailing volatility range.
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