Future of Pi Network: Can the PI Coin Price Reach $0.78 Despite Current Consolidation?

Pi Network's PI coin is currently trading at $0.38, showing a 7% decline in the past day. The coin's key resistance levels are at $0.78 and $1.50, suggesting that a push to $0.78 might be possible. Despite weak momentum indicated by the MACD and an oversold Stochastic RSI, a break above $0.78 could signal a potential trend reversal.

In terms of network activity, the bulk of PI supply appears to be held off exchanges, probably in wallets or staking. In upcoming ecosystem updates, Chainphon plans to list PI on its dApp and launch $PHONE/$PI trading on August 12. Additionally, Pi Network's .pi Domains Auction is extended until the end of September, enabling users to create simple, name-based wallet addresses.