bitcoin
Bitcoin (BITCOIN)
$109,197 2.09%
ethereum
Ethereum (ETHEREUM)
$3,843 3.05%
binancecoin
BNB (BINANCECOIN)
$1,081 1.61%
solana
Solana (SOLANA)
$185.39 2.30%
ripple
XRP (RIPPLE)
$2.50 3.45%
shiba-inu
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$0.000010 4.59%
pepe
Pepe (PEPE)
$0.000006 2.20%
bonk
Bonk (BONK)
$0.000014 7.03%
bitcoin
Bitcoin (BITCOIN)
$109,197 2.09%
ethereum
Ethereum (ETHEREUM)
$3,843 3.05%
binancecoin
BNB (BINANCECOIN)
$1,081 1.61%
solana
Solana (SOLANA)
$185.39 2.30%
ripple
XRP (RIPPLE)
$2.50 3.45%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000010 4.59%
pepe
Pepe (PEPE)
$0.000006 2.20%
bonk
Bonk (BONK)
$0.000014 7.03%
bitcoin
Bitcoin (BITCOIN)
$109,197 2.09%
ethereum
Ethereum (ETHEREUM)
$3,843 3.05%
binancecoin
BNB (BINANCECOIN)
$1,081 1.61%
solana
Solana (SOLANA)
$185.39 2.30%
ripple
XRP (RIPPLE)
$2.50 3.45%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000010 4.59%
pepe
Pepe (PEPE)
$0.000006 2.20%
bonk
Bonk (BONK)
$0.000014 7.03%
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Pi Price Analysis: Pi Slips 3% Despite Its Partnership with OpenMind

Highlights:

  • The Pi Network price has slipped to $0.24, as the market demand wobbles. 
  • Pi Network has revealed its partnership with OpenMind to create an AI-based operating system.
  • The PI technical outlook shows a tightened bearish grip.

The Pi Network price has tumbled 3% to $0.24 as the crypto market shows a bearish outlook. Major altcoins such as Bitcoin and Ethereum have dropped as the market demand wobbles. Notably, the PI trading volume has slipped 33% indicating a drop in market activity.

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Meanwhile, the Pi Network Ventures has released the first-ever investment, which serves as a significant move in the extension of the project. The recipient is OpenMind AGI, a proactive company that aims to create an AI-based operating system and an open-source protocol. This allows robots to think, learn, and cooperate, i.e., an Android for robots. 

The partnership is anticipated to use the strong ecosystem and the decentralized structure of Pi Network to achieve the vision of OpenMind of scalable and interoperable AI robotics. This investment is in line with the overall mission of Pi Network to combine the Web3 infrastructure with emerging AI technologies. This is to enable it to become a strategic participant in blockchain and machine intelligence convergence.

To the Pi community, this is a turning point for the network, enabling the validation of the network as not only a cryptocurrency project but also a technological ecosystem that encourages global innovation. This action is also timely, as AI solutions, which require blockchain, are only starting to spread. An early move by Pi Network may provide a competitive edge in the decentralized AI economy over time.

Pi Network Price Moves Into Consolidation with the Bears Tightening Grip

The PI/USD daily chart shows the price is currently at $0.24, with the 50-day and 200-day Simple Moving Averages (SMAs) acting as the immediate resistance zones. That’s usually a bearish signal, hinting at a potential downside grind if the bulls don’t overcome. However, the price is still hovering within a consolidation channel, which may act as an accumulation period. In such a case, the bulls may ignite a strong leg up, overcoming the resistance keys. 

Pi Network price
PI/USD 1-day chart: TradingView

The Relative Strength Index (RSI) at 56.15 is sitting in neutral territory and seems to be consolidating. However, it still has room to run if the bulls regain stamina in the market. Looking ahead, the immediate support is around the $0.19 level. If the bulls can push Pi Network price past the $0.26 resistance (50-day SMA), there could be a rally toward the next resistance at $0.46.

In the long term, if the market stabilizes and the Pi Network price overcomes the resistance keys, that $0.85-$1.00 high could come back into play. But if the recent 3% slump turns into a full-on bear trap, support around $0.19 to $0.15 might catch the fall. A drop below that could ignite panic mode, which could mean a deeper correction.

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