Pi Network has been dropping some intriguing updates lately, pushing the ecosystem further into AI and decentralized realms while the PI token spirals to fresh lows.
Fresh Lows Plunge π€
Over recent months the asset has slid dramatically, leaving Pioneers hunting for any spark to ignite a recovery. Eyes turned to Pi2Day on June 28 for that mathematical 2Ο vibe, yet the core team dropped tools like SoloHost, Pi Sign-in, and PiVerify instead to expand beyond simple apps.
These moves aim at artificial intelligence and third-party services, shifting focus from pure blockchain roots.
Rather than sparking any uptick, PI sank lower still, trading just above 0.11 at press time for its weakest level yet. Market cap hovers near 1.2 billion, ranking it around the 57th spot. The drop mirrors wider market softness with no project-specific drama behind it, though traders eye the 0.115 to 0.12 zone as key support.
Oversold Glimmers Ahead π
Technical signs whisper of potential relief though, with the RSI dipping to 14 in deep oversold territory that often precedes bounces.
Unlocks of over 127 million tokens in the next 30 days look milder than prior waves, hinting at steadier ground ahead. Defi integrations could still weave in fresh utility if bears ease up.
Just another echo from the void by iconofsin.eth π