Pi Network (PI) is hovering around $0.135, putting the token within striking distance of a key resistance level at $0.137. A decisive move above this zone could confirm a short-term bullish reversal, aided by renewed ecosystem development that is lifting trader sentiment. Over the past two weeks, PI has climbed approximately 6% after touching an all-time low of $0.12 earlier in June, when its market capitalization briefly dipped below $1.3 billion.
The project recently rolled out an updated version of its Ecosystem Directory Staking feature, which improves the user interface and makes it easier to discover applications inside the Pi Browser. The upgrade allows developers to stake PI tokens to boost visibility and attract users, effectively tapping into what Pi Network calls its “attention economy.” According to the team, the self-service tool is designed to increase staking activity, expand real-world utility, and drive engagement across the platform.
From a technical standpoint, PI has broken above a short-term descending trendline, but it remains below the 50-day, 100-day, and 200-day exponential moving averages, which are clustered between $0.145 and $0.198. The Relative Strength Index (RSI) sits at 55, indicating mild bullish momentum, while the MACD remains slightly positive. Immediate resistance is at $0.137, followed by $0.145 and $0.149. On the downside, support is seen at $0.124, with a breakdown exposing the $0.118 level.
Market observers remain cautious. Some analysts point to a bearish head-and-shoulders pattern forming on the chart, though they note that buyers are actively defending the neckline. Others emphasize the importance of Bitcoin holding above $60,000 to sustain upside momentum in PI. On a positive note, the pace of token unlocks is easing—about 127.5 million PI are scheduled for release over the next 30 days, averaging 4.2 million per day, which could help stabilize price pressure.
Community attention is also turning to Pi2Day on June 28, with speculation that the Core Team may announce major news, potentially including a Binance listing. While these rumors remain unconfirmed, they add another layer of anticipation for the token’s near-term trajectory.
