Is the pi imminent network? A new road map that oversees 4 % of the high mixed reactions
The price of the PI network has increased by more than 4 % over the past 24 hours after the launch of the migration road map. Although the distinctive symbol displays some signs of recovery through several indicators, it is too early to confirm the bullish direction.
Although technical indicators such as Ichimoku Cloud and RSI hint that the price may recover, it still faces strong resistance that prevents clear outbreak. Moreover, many in the PI community feel frustrated because the new migration road map is not clear enough, adding another layer of uncertainty about where the price height is after that.
Users because there are no details
Pi network released her Mainnet Migration RoadmapBut it lacks specific dates and clear details, which makes users frustrated. The road map determines three phases, but time tables are not given, causing uncertainty. Notice some users in their currencies, with no way to solve them.
In addition, the claim that all the symbols raised in Genesis have sparked a discussion, which raised concerns about the project’s transparency. With 108.9 million icons that have been opened this month, users are not sure how to developed deportation. These issues weaken confidence in the PI network.
The PI network is still facing resistance
It is circulated below the Ichimoku cloud, a major resistance area indicating that buyers are trying to raise the price. Although the price was making some depressions and hints when possible recovery, the resistance has not yet broken.
Moreover, the market is still vigorously, which indicates that the momentum in the short term is weaker than the medium -term direction, and therefore it is not a clear indication of purchase. Traders are careful and are waiting for stronger signs before making any major moves.
Also, the Ichimoku cloud becomes thicker and more tilted, indicating that larger price fluctuations may be imminent. If the PI is broken over the cloud, it may indicate a strong upward trend. However, until Thay happens, PI still in a weak position with a risk of rejection.
RSI wore the PI to 53.77 of 32.34, indicating the recovery. However, after the peak at 57.25, it has a little cool, which weakens the difficult momentum. RSI in a neutral area, shows moderate power but still far from excessive levels of peak. If the momentum is built, there is a possibility for growth, but caution is needed because the trend is not yet strong.
Main resistance levels
Pi Network (PI) tests the key resistance at $ 0.66. The collapse can pay the price to $ 0.789 and 0.858 dollars, and perhaps reformulate the bullish momentum. A successful collapse may pay the PI to $ 1.23 or $ 1.79. However, frustration on the migration road map is unclear adds uncertainty. If PI fails to break $ 0.66, about $ 0.54 or $ 0.40 may decrease.
The following few sessions are decisive to determine the direction of the distinctive symbol, and are strongly affected by technical signals and societal morale, pending a clear outbreak or decrease.
Focus on the next 2025 consensus
With the consensus of 2025, the excitement is approaching in the PI network. Analyst Dr. Altcoin notes that this event is a great opportunity to promote the PI network in particular, as the founder of Pi Nicolas Kokkalis has been appointed to share the stage with characters like Bo Hines and Eric Trump.
Change the game for PI Coin?
Dr. Altcoin believes that the 2025 consensus can be a game change for the PI network, only if the PI Core team is acting quickly. It urges them to agree to all KYB applications and officially launch DAPS in the environmental PI system before the event to increase the opportunity to the maximum in the global spotlight and promote PI credibility and growth.
The PI Core team has less than a month to agree to KYB and launch DAPPS before consensus 2025, as delays pushed some projects to other Blockchains. The price of PI is currently about $ 0.64, but with the upcoming developments and potential adoption by large institutions, some believe that it may reach $ 30, although short -term fluctuations are still a concern.
