- Pi Coin remains under key EMAs, showing strong bearish pressure.
- 200% Lockup encourages users to commit more for better rewards.
- Technical indicators confirm oversold market with limited buying interest.
Pi Network continues to evolve its ecosystem with features designed to encourage long-term participation. In a recent blog post, Pi Network explained that users can choose between pre-migration and post-migration Lockups to enhance their mining performance.
Pre-migration Lockups are configured in the Pi mining app under “Mainnet” → “Configure Lockup Rate.” These apply to Pis that have not yet been migrated to Mainnet.
Post-migration Lockups are set through the Pi Wallet via the Pi Browser and apply to tokens already on the blockchain. Both types follow the same irreversible reward model detailed in the 2021 Whitepaper. The 200% option is a unique feature in the post-migration Lockup.
This allows users to lock up double the amount of their migrated Pi, offering a way to boost mining rewards, especially for tokens earned through apps or commerce.
PI Coin Price Analysis and Key Technical Levels
Pi Network is trading at $0.4191 on the 1-day chart, showing persistent bearish momentum. The price remains below major exponential moving averages, with the 50-day EMA at $0.5076 and the 100-day EMA at $0.6386. These levels highlight sustained downward pressure.
Support is found at $0.3837, with lower targets at $0.2585 and $0.1170. Resistance sits at $0.5207, followed by $0.6600 and $0.8686. Technical indicators confirm a weak market outlook.
The RSI stands at 35.11, suggesting oversold conditions. MACD lines are positioned below zero, indicating the absence of bullish momentum. Daily trading volume is at 21.84 million, reflecting limited active participation.
Caution Prevails Amid Downtrend
Despite the oversold RSI, Pi Network shows no signs of reversing its bearish trend. The price must first break and close above $0.5207 to signal any short-term recovery. Until that happens, downside risk remains in play, reinforced by weak technical momentum and resistance from key EMAs.
The 200% post-migration Lockup feature may attract higher engagement among users looking to maximize mining incentives. However, from a market perspective, the lack of strong bullish signals supports a cautious short-term outlook for PI/USDT.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
