Pi Network Reclaims Key Level After Mainnet Upgrade 🌟
Following its recent mainnet upgrade, Pi (PI) has reclaimed the $0.1500 level. The positive performance comes after major infrastructure improvements to the mainnet nodes. At press time, PI was trading around $0.1518, extending a short-term recovery amid cautious market conditions.
Key takeaways:
- PI has stabilized at and above the $0.1500 area.
- The upgrade included updates like migrating from Ubuntu 20 to Ubuntu 24 and upgrading PostgreSQL engine from 12 to 16.
- Technical indicators suggest a potential short-term rebound, with the Relative Strength Index (RSI) showing oversold conditions while forming a positive divergence.
Looking ahead, momentum could push PI towards resistance levels at $0.1519 and $0.1709 if buying pressure increases. However, a daily close below $0.1463 remains crucial support.
What do you think will be Pi's next move? 👇