Pi Network (PI) successfully held its key support level after facing selling pressure earlier this week, and market sentiment is gradually warming up. With multiple favorable developments approaching, such as network upgrades, KYC decentralization, and Onramp integration, PI may be at a potential rebound threshold. On September 4, the PI price was reported at $0.3562, with a daily increase of 3.66%.
Fundamental Catalysts: Network Upgrade and Ecosystem Expansion
An important short-term driving factor is that the 23rd vote on the Stellar Agreement will take place, proposed by Whisk, aiming to enhance the processing capacity of the Pi ecosystem through parallel trading and unified event handling, and lay a more solid foundation for blockchain development.
Mainnet Plan: Pi Network will integrate these improvements into a proprietary protocol to support the deployment of the mainnet in the Linux environment of Pi Node.
Testnet Launch: Before the mainnet upgrade, two testnets will be launched. Although it may temporarily interrupt some activities, it will help verify the system's stability.
KYC Decentralization: The plan is to transfer KYC control to external entities, expanding access rights for pioneers (Pioneer, Pi users).
Compliance and Popularization: Onramp Integration
The payment platform Onramp Money has officially added PI and requires users to submit their mainnet wallet address for KYC verification. This move not only enhances the security and compliance of transactions but also paves the way for the broader circulation of PI in the market.
Technical Analysis: Hold the support level, pay attention to the breakout
Current price: approximately 0.3400 USD, slightly up compared to Tuesday.
Key support level: 0.3220 USD (still effective after multiple tests)
If it breaks through 0.4100 USD, it will confirm a trend reversal and is expected to break away from the long-term downward channel.
If it falls below 0.3220 USD, it may test the 0.3000 USD support level.
Future Outlook
With the upgrade of the network, the decentralization of KYC, and the advancement of Onramp integration, Pi Network is entering a critical period. If the technical and fundamental aspects resonate, PI is expected to experience a larger rebound in the coming weeks.
Conclusion
Pi Network is currently at a "multiple favourable information critical point": network infrastructure upgrades, compliance advancement, and ecological expansion provide strong support for the PI price rebound. In the short term, 0.3220 USD is a defense line that bulls must defend, while 0.4100 USD is the key trigger point to initiate a new round of pump. Investors should closely monitor this week's technical breakthroughs and network upgrade progress.
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Pi Network's key upgrade is imminent! PI holds support and is poised for a rebound, breaking through 0.41 USD may lead to a trend reversal.
Pi Network (PI) successfully held its key support level after facing selling pressure earlier this week, and market sentiment is gradually warming up. With multiple favorable developments approaching, such as network upgrades, KYC decentralization, and Onramp integration, PI may be at a potential rebound threshold. On September 4, the PI price was reported at $0.3562, with a daily increase of 3.66%.
Fundamental Catalysts: Network Upgrade and Ecosystem Expansion
An important short-term driving factor is that the 23rd vote on the Stellar Agreement will take place, proposed by Whisk, aiming to enhance the processing capacity of the Pi ecosystem through parallel trading and unified event handling, and lay a more solid foundation for blockchain development.
Mainnet Plan: Pi Network will integrate these improvements into a proprietary protocol to support the deployment of the mainnet in the Linux environment of Pi Node.
Testnet Launch: Before the mainnet upgrade, two testnets will be launched. Although it may temporarily interrupt some activities, it will help verify the system's stability.
KYC Decentralization: The plan is to transfer KYC control to external entities, expanding access rights for pioneers (Pioneer, Pi users).
Compliance and Popularization: Onramp Integration
The payment platform Onramp Money has officially added PI and requires users to submit their mainnet wallet address for KYC verification. This move not only enhances the security and compliance of transactions but also paves the way for the broader circulation of PI in the market.
Technical Analysis: Hold the support level, pay attention to the breakout
Current price: approximately 0.3400 USD, slightly up compared to Tuesday.
Key support level: 0.3220 USD (still effective after multiple tests)
Key resistance: 0.4100 USD (Super Trend Indicator pressure level)
RSI Indicator: 43, showing bullish momentum gradually strengthening
Trend Judgment:
If it breaks through 0.4100 USD, it will confirm a trend reversal and is expected to break away from the long-term downward channel.
If it falls below 0.3220 USD, it may test the 0.3000 USD support level.
Future Outlook
With the upgrade of the network, the decentralization of KYC, and the advancement of Onramp integration, Pi Network is entering a critical period. If the technical and fundamental aspects resonate, PI is expected to experience a larger rebound in the coming weeks.
Conclusion
Pi Network is currently at a "multiple favourable information critical point": network infrastructure upgrades, compliance advancement, and ecological expansion provide strong support for the PI price rebound. In the short term, 0.3220 USD is a defense line that bulls must defend, while 0.4100 USD is the key trigger point to initiate a new round of pump. Investors should closely monitor this week's technical breakthroughs and network upgrade progress.