Key takeaways
- Pi Network traded above $0.097 on Monday after recording gains for two consecutive weeks.
- The Pi Core Team released SoloHost updates and Pi Desktop version 0.6.3 to improve reliability, app discovery, and developer tools.
- PI remains above its 50-day EMA at $0.094, while the RSI near 60 signals improving bullish momentum.
Pi Network (PI) extended its recovery on Monday, trading above $0.097 following two consecutive weeks of gains.
New ecosystem updates and improved developer tools are strengthening the network’s utility. However, PI continues to trade below major long-term exponential moving averages, leaving its broader technical outlook bearish despite improving momentum.
Pi Network releases SoloHost and Desktop updates
The Pi Core Team recently released updates for SoloHost alongside version 0.6.3 of Pi Desktop.
According to the project, the updates improve application discovery, platform reliability, and the tools available to developers building within the Pi Network ecosystem.
Continued development could support greater application activity and expand PI’s utility. These improvements have accompanied the token’s recent recovery, with PI gaining 1.68% last week before extending its advance on Monday.
However, ecosystem developments will need to translate into sustained user activity and demand for the token to support a stronger long-term recovery.
PI holds above the 50-Day EMA
Pi Network traded near $0.097 on Monday, remaining slightly above its 50-day exponential moving average at $0.094.
Holding above this indicator gives PI’s short-term outlook a mildly bullish tone. The Relative Strength Index stands near 60, indicating that buying momentum is improving without reaching overbought territory.
The Moving Average Convergence Divergence indicator is also marginally positive, supporting the possibility of further short-term gains.
Nevertheless, the recovery remains tentative because PI continues to trade below its 100-day and 200-day EMAs. These indicators currently stand near $0.105 and $0.138, respectively, preserving the token’s broader bearish structure.
PI’s first major resistance is located at the 100-day EMA near $0.105. A sustained break above this level could strengthen the recovery and open the way toward the horizontal resistance at $0.118.
Beyond that, the 200-day EMA near $0.138 represents a more substantial obstacle. Reclaiming this indicator would be necessary to improve PI’s medium- to long-term technical outlook.
Failure to overcome the $0.105 resistance could leave the token consolidating around its current level or expose it to renewed selling pressure.
Immediate support sits at the 50-day EMA near $0.094. Holding this level would preserve PI’s improving short-term structure and allow buyers another opportunity to challenge overhead resistance.
A decisive decline below $0.094 could weaken the recovery and bring the horizontal support at $0.075 into focus.
If selling pressure intensifies, PI could revisit the former trendline-break area near $0.045, which represents a deeper structural support level.
