Date: Sat, June 28, 2025 | 06:50 AM GMT

In the cryptocurrency market today, Pi Network (PI) is once again in the spotlight following the celebration of its highly anticipated Pi2Day, where the team rolled out a range of new features. However, as often seen in crypto events, the price of PI Coin has slipped—dropping over 3% in the past 24 hours, reflecting a classic case of “buy the rumor, sell the news.”

Source: Coinmarketcap

New Features Introduced

As part of the Pi2Day celebration, the Pi Core Team introduced two major features aimed at furthering adoption and utility on the Pi Network.

  1. Pi App Studio – This is an AI-powered platform that allows anyone to build Pi apps without writing a single line of code. It’s designed to solve real-world problems by combining blockchain technology with the power of AI, lowering the barrier to app development on Pi.

  2. Ecosystem Directory Staking – A new utility layer that allows both users and businesses to boost their app rankings within the Ecosystem Interface by staking PI on the Mainnet blockchain. This creates new use cases for the token and incentivizes participation.

Source: @PiCoreTeam (X)

In addition, Pi announced several other important updates:

  • Node version update

  • Third-party onramp aggregator integration

  • Extension of the .pi Domains Auction

  • Improved Mainnet Migration processes


What’s Next for PI Coin?

While the long-term fundamentals are strengthening, the short-term chart suggests caution. On the 1-hour chart, PI is currently trading in a falling wedge pattern — a structure often associated with bullish reversals. The price is holding above the support trendline near $0.52, which could act as a potential bounce zone.

Pi Network (PI) 1H Chart/Coinsprobe (Source: Tradingview)

If PI maintains this support, we may see a move back toward the upper resistance of the wedge, currently around the $0.57–$0.60 range.

However, if the price breaks below the lower wedge boundary, it could invalidate the bullish setup and trigger a further decline toward $0.49 and $0.47.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.