TheCryptoNews.eu
Altcoin

PI Reclaims $0.097 as Pi Network Adds SoloHost and Desktop Improvements

Pi Network extends recovery above $0.097 as ecosystem utility grows

Pi Network’s PI token extended its recent recovery on Monday, trading above $0.097 after posting gains for two consecutive weeks. The move came as the project introduced updates aimed at improving application discovery, platform reliability and developer tools across its ecosystem.

The Pi Core Team released new SoloHost updates alongside Pi Desktop version 0.6.3. According to the project, the changes make it easier for users to find actively used SoloHost applications while also improving reliability and resources available to developers, including AI-agent tools.

PI gained 1.68% last week before continuing higher on Monday. However, the token’s recovery has not yet changed its broader technical structure, as its price remains below the 100-day and 200-day exponential moving averages.

PI holds above near-term support

PI was trading close to $0.097, slightly above its 50-day EMA at $0.094. Holding above that level gives the token a mildly positive short-term setup. The Relative Strength Index was near 60, indicating improving buying momentum without signaling overbought conditions, while the Moving Average Convergence Divergence indicator remained marginally positive.

Further gains would first bring resistance near the 100-day EMA at $0.105 into focus. A sustained move above that level could open a path toward horizontal resistance around $0.118. The 200-day EMA near $0.138 remains a more significant barrier and would likely need to be reclaimed before PI’s medium- and long-term outlook could improve materially.

On the downside, the 50-day EMA at $0.094 is the immediate support level. A decisive break below it could expose horizontal support near $0.075. If selling pressure intensifies, PI could eventually retest the former trendline-break area around $0.045.

The latest ecosystem releases may strengthen Pi Network’s utility, but sustained demand for PI will depend on whether the technical improvements lead to higher and lasting user activity.

Related posts

BlockFi vs. Hodlnaut: Which Fable is Simplest to Discover Crypto APY?

The Crypto News

Crypto’s Unstable Week Continues as Inflation Softens to 7.7%

The Crypto News

U.S. Treasury Misunderstands DeFi AML Compliance Necessities: Coin Heart

The Crypto News

Leave a Comment

Or Login with

[woo_social_login]

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More