Pi Network Price Forecast: PI holds steady as Core Team focuses on distributed AI infrastructure
- Pi Network trades above $0.0900 on Friday after two consecutive days of recovery.
- Pi Core Team announced the launch of new SoloHost apps, OpenClaw and Atlassian MCP Server, focusing on distributed AI infrastructure.
- The technical outlook for PI remains mixed, with momentum indicators at neutral levels.
Pi Network (PI) price hovers above $0.0900 on Friday, sustaining the mild 3% gains recorded over the last two days. Pi Core Team announced the launch of new SoloHost apps, OpenClaw and Atlassian MCP Server, on Thursday, in hopes of expanding the Pi ecosystem. PI token must reclaim the $0.1000 psychological threshold for a sustained recovery.
Pi Core Team launches new SoloHost apps
Pi Network announced the launch of new SoloHost apps, OpenClaw and Atlassian MCP Server, on Thursday. The Pi Core Team aims to expand the utility of its more than 420,000 active nodes from basic blockchain validation to distributed AI infrastructure.
OpenClaw is a local, personalized, on-device AI assistant, and Atlassian MCP Server is a local Jira workflow engine, allowing users to run AI-driven tasks on their own hardware. This suggests Pi Network is shifting from a token mining project toward handling privacy-first, on-device AI workloads.
Technical outlook: Pi Network’s recovery lacks firm momentum
Pi Network trades around $0.0917 on Friday, following two consecutive bullish daily closes. Still, PI holds a capped near-term bias as price remains below the $0.1000 psychological threshold.
PI token shows a mild recovery from the 23.6% Fibonacci retracement at $0.0853, measured over the downswing from $0.1341 to $0.0703. For a sustained upward trend, PI must reclaim the $0.1000 threshold, reinforced by the 50% retracement level at $0.1022, which capped gains last week and in mid-July. This configuration suggests that despite a mild recovery from recent lows, the broader trend stays under pressure.
The Relative Strength Index (RSI) at 53 on the daily chart shows a mild upward slope above the neutral 50 line, indicating firm buying pressure. The Moving Average Convergence Divergence (MACD) and signal line rise marginally in the modest positive territory, hinting at only tentative upside momentum.
On the downside, the $0.0853 support level remains a key bullish floor. A confirmed breakout below this level could nullify PI rebound odds, risking a decline toward the $0.0703 swing low.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
Mitrade makes no representation or warranty as to the accuracy or completeness of the information provided and accepts no liability for any loss arising from reliance on such information.
Recommended Articles
