Pi Network Price Rises After New Node Update
The price of Pi Network’s token (PI) is slowly moving up again after falling 12% last week. This small recovery comes after the launch of a new software update, Pi Node version 0.5.3. This update helps nodes run more smoothly and could support better network performance.
Pi Network relies on active nodes to check and confirm transactions. At the moment, only 99 nodes are active worldwide. South Korea has the most with 23. This shows that Pi still needs more users to run nodes to make the network stronger and more secure.
On the chart, PI is showing a possible bullish reversal pattern called the “Adam and Eve.” The price has now gone above the $0.4734 level, which is a key resistance area. If it stays above this level, it might move up toward $0.5015, a price last seen on July 3. Technical signs also look positive. The MACD is rising, and the RSI is near 62, showing buyers are active. But if the RSI keeps rising, the coin might become overbought soon.
If the price falls again, $0.4734 is the first support. Below that, it could drop to around $0.4523.
Impact:
If momentum stays strong, PI could move toward $0.50. But if it slips below $0.4734, it might possibly drop closer to $0.45.