Pi breaks a 45 -day collapse with 15% pop on the integration of the channel – target of $ 1 now in play

Pi network (Pi) managed to escape a 45-day extended downward trend which had dominated prices since May, when the token ordered prices above the $ 1 threshold.

During the negotiation session on Wednesday, Pi jumped 15% compared to its session lower by $ 0.51, recovering the level of $ 0.60 psychologically important for the first time in two weeks.

At the time of the press, the token is consolidated at $ 0.623, which represents an important technical step for holders who have endured weeks of lower prices.

Despite 63% remaining lower than its peak of the year up to date of $ 2.98, Pi Network maintains its position among the cryptocurrency market, ranking among the 30 best digital assets by market capitalization.

The integration of the chain lights the pi rally while 60 million pioneers get deffful access

Market analysts have largely awarded the recent price increase to developments surrounding ChainLink’s April announcement concerning the expansion of data flows.

The Oracle network has revealed plans to integrate 22 new assets and seven additional protocols in its infrastructure standard, the PI network securing a coveted place among the selected projects.

The Oracle Decentralized Chainlink network specializes in the provision of information verified in real time to blockchain applications, making it an essential infrastructure component for modern DEFI ecosystems.

For Pi Network, which has more than 60 million active users, this partnership represents access to a critical infrastructure which allows sophisticated decentralized financial applications.

Integration has positioned Pi Network as one of the most discussed cryptocurrency projects in recent months, contributing to its dominant presence on social networks on the main platforms.

According to Lunarcrush Analytics, Pi Network currently conducts discussions on cryptocurrency social media with more than 18% of market domination, exceeding established projects, notably Solana, Aave, Fartcoin and Ondo Finance.

The Pi2day event could release millions of people in volume of trading while KYC unlocks hopes of $ 1

Increased social commitment coincides with anticipation surrounding Pi2day, the annual celebration of the network in the middle of the year scheduled for June 28.

The date maintains a meaning because it refers to the mathematical constant Pi (π ≈ 3.14) and its multiple (2π ≈ 6.28).

PI2DAY traditionally serves as a platform for the main team to value ecosystem developments, user growth measures and infrastructure achievements.

This year’s event is of particular importance because the community expects major announcements that could further accelerate adoption.

The most anticipated development concerns the release of an improved customer synchronization function.

This update will establish connectivity between the PI browser and the main PI application, allowing users to consolidate identity verification data on platforms.

Thanks to this rationalized process, millions of users are currently experiencing “pending” or “provisional” KYC status can finally finish their migration to Open Mainnet.

Successful migration unlocks essential features, including portfolio features and the transfer of Pi tokens to the live blockchain network.

In addition, more than 100 days have passed since the launch of the Open Mainnet, community members therefore provide announcements concerning new applications and developer tools.

Any demonstration of practical utility could move the perception of the speculative mining activity market to the legitimate adoption of use cases.

Broken CEDGE desnsing: Eye analysts $ 1.25 while Pi Bulls take control

The Piusdt graph shows a strong escape from a descending corner pattern, a classic bullish overturning formation.

The breakdown of the previous downstream structure and opens the door to a sustained upward trend. The main upward objectives include levels of $ 0.9,9624 and $ 1,0486, both of which represent ancient demand areas and probable resistance.

The following significant resistance level is located near the psychological brand of $ 1, which coincides with the top of the highly highlighted green supply area.

The momentum clearly promoting the bulls after rupture, the short -term perspectives remain optimistic. If the price can hold above the broken corner structure, a continuation to the region from $ 0.90 to $ 1.05 seems likely.

The post PI breaks the 45 -day recession with 15% pop on the integration of ChainLink – A target of $ 1 now at stake appeared first on Cryptonews.

Source link