Key notes
- Pi Network unveiled Pi App Studio and the ecosystem repertoire of exhibitions during its Pi2day celebrations.
- Despite major deployments, the Pi token fell almost 4%, showing no raised reaction.
- Technical indicators, such as RSI and MacD, reflect a persistent lower momentum below the key levels of fibonacci.
Despite the deployment of two new features during its Hallmark Pi2day event, PI Network (PI) has seen its price fall by almost 4% in the past 24 hours, while investors were in the digital active ingredient.
On June 28, the project introduced a PI application studio and a stripping of the ecosystem repertoire – two long -awaited innovations designed to stimulate the development of applications and stimulate the participation of the ecosystem. However, the market reaction was unexpected.
HAPPY PI2DAY 2025! @Picoreateam
unveiling $ Pi App Studio, a code -free platform fed in AI using blockchain and AI to allow anyone to create applications – by reducing development time up to 70% for 2023 studies! In addition, the stripping of the ecosystem repertoire increases the visibility of the application by punctuating Pi on Mainnet. With 47m +… pic.twitter.com/vu12ulcny0– Pi News (@pilistinnews) June 28, 2025
Celebrate progress with innovation
Pi2day, celebrated every year on June 28 (symbolically 6.28, doubles the value of PI at 3.14), marks the evolution of PI Network as a blockchain project centered on community growth and the utility of the real world.
Picoreateam has announced Pi App Studio, a development tool without code and fueled by AI designed to democratize the creation of applications.
Built with the integration of the Genai, the platform allows anyone – even those without coding experience – to create decentralized applications simply by describing their vision in clear language.
Pi Network also made its debut at the initiative of staging the ecosystem repertoire. This feature introduces a decentralized classification system, where users can attach Pi tokens to the applications they appreciate, influencing the visibility of applications on the network.
According to Pi Network, the two features are now live on the PI browser and line up with previous additions to the PI ecosystem, including the PI portfolio, the .pi and the AD PI network.
Price tanks despite the positive feeling
At the time of writing the editorial staff, PI is negotiated at $ 0.5372, after briefly affected an intradible summit of $ 0.5,985. Despite an increase of 8.29% of the negotiation volume, the price action remains down.
According to the graph below, the MacD indicator on the daily time shows that the blue MacD line curls up under the Orange signal line, signaling a continuously low-level momentum.
Although the histogram is flattened, he has not yet confirmed a bullish crossover – the suggestion of the downward trend could continue or at least dropping out.
Meanwhile, the relative force index (RSI) oscillates nearly 37.42, dangerously close to the threshold of 30, indicating a low purchase interest. Unless RSI takes more than 45, the bullish momentum can remain moderate.
Of more than $ 2.61 at the local fund, around $ 0.61, the levels of retirement of the key fibonacci show that Pi remained below, even the retracement of 0.236, signaling a major ventilation. For the bulls to regain control, PI must first recover $ 0.875.
Pi Daily Chart with RSI and MacD | Source: tradingView
In addition, the graph reveals a tightening corner scheme, generally considered to bullish in a downward trend. An escape from this corner could prepare the terrain for a reversal, but confirmation requires a fence greater than $ 0.60 followed by the recovery of the resistance level of $ 0.8748 (FIB 0.236).
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Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
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