Pi hovers near $0.18 as daily trading volume drops 25% to $11M, reflecting bearish sentiment.
By Bhushan Akolkar
Editor Hamza Tariq
Updated
3 mins read
Even after updates to the Pi Network’s App Studio, sentiment around Pi PI $0.18 24h volatility: 0.2% Market cap: $1.54 B Vol. 24h: $12.41 M remains muted.
The token is testing support near $0.183, with daily trading volumes down 25% to $11 million.
Pi faces a critical point as a major token unlock approaches within the next 30 days.
Pi’s broader trend remains bearish. The token has dropped nearly 10% over the past month and is down more than 78% since its exchange debut in February.
Market sentiment is being weighed down by thin trading volumes and low retail participation.
Data from PiScan shows that 142 million Pi tokens are set to unlock over the next 30 days.
This large token release could add further pressure on Pi, reducing the likelihood of a near-term recovery.
Pi’s price has been trading in a narrow range between $0.18 and $0.20, currently hovering just above the $0.18 support level. Resistance is concentrated between $0.20 and $0.22
A sustained move above $0.20 could lead to a test of higher resistance levels, while a breakdown below $0.18 may push the token toward the next support around $0.16.
Pi’s price chart. | Source: TradingView
The Relative Strength Index (RSI) is near 40, indicating the market is balanced between buying and selling pressure.
The MACD is showing a weak bearish signal, with the MACD line below the signal line, suggesting muted momentum and the potential for further downside.
In a recent blog post, the Pi Core Team announced updates to its App Studio, including a new Pi payment integration.
The feature allows users to add in-app Pi payments without technical expertise.
Currently, payments are limited to Test-Pi and only work within a single active session, enabling use cases such as unlocking additional features or purchasing in-app items. The team noted:
“With the current version of the feature, creators can add Test-Pi payment interactions that apply during a single active session (while the app is in use)… A single “session” refers to one self-contained instance of activity in an app, such as a round, task, or experience.”
The Pi Network team also introduced a feature that lets Pioneers deploy app iterations by watching ads instead of paying with Pi.
This change is intended to expand access for users who have not yet migrated and for those with limited Pi balances.
Degen meme coin Maxi Doge (MAXI) is turning heads after its presale raised over $4.5 million.
True to its name, the project leans into max leverage trading and comes packed with community-focused features that keep investors engaged.
The project also offers staking rewards and runs a trading group where top performers earn MAXI tokens.
On top of that, the team is planning partnerships aimed at boosting perpetual-based trading, adding more ways for users to profit and participate.
Under the presale setup, 40% of the total token supply is open to the public, with a hard cap of $15.76 million. Once that limit is hit, the presale will close and MAXI is expected to hit decentralized exchanges, setting the stage for what could be an explosive launch.
Check out our guide on how to buy Maxi Doge so you can get in on the ground floor before it hits the DEXs.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
