{"id":3478,"date":"2026-07-02T12:55:07","date_gmt":"2026-07-02T16:55:07","guid":{"rendered":"https:\/\/www.decentralnetwork.org\/news\/?p=3478"},"modified":"2026-07-02T12:55:11","modified_gmt":"2026-07-02T16:55:11","slug":"pi-coin-holds-steady-after-pi2day","status":"publish","type":"post","link":"https:\/\/www.decentralnetwork.org\/news\/pi-coin-holds-steady-after-pi2day\/","title":{"rendered":"Pi Coin Holds Steady After Pi2Day Upgrades Despite Bearish Pressure"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"628\" src=\"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-02T222313.537-converted-from-png.webp\" alt=\"Pi Coin Holds Steady After Pi2Day Upgrades Despite Bearish Pressure\" class=\"wp-image-3479\" srcset=\"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-02T222313.537-converted-from-png.webp 1200w, https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-02T222313.537-converted-from-png-300x157.webp 300w, https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-02T222313.537-converted-from-png-768x402.webp 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.coingecko.com\/en\/coins\/pi-network\/inr\" target=\"_blank\" rel=\"noreferrer noopener\">Pi Coin <\/a>showed signs of stability on July 2 after the Pi Network introduced a series of new ecosystem features during its annual Pi2Day event. Although the token remains under pressure from ongoing supply concerns, improving market sentiment and renewed buying interest helped it recover slightly from its recent all-time low.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to crypto.news data, PI was trading near <strong>$0.115<\/strong> on July 2, marking a modest gain of around <strong>0.5% over the previous 24 hours<\/strong>. The recovery came after the Pi Core Team announced three new products\u2014<strong>SoloHost, Pi Sign-In, and PiVerify<\/strong>\u2014aimed at expanding the network\u2019s utility and encouraging broader developer participation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The slight price increase also coincided with stronger activity in the derivatives market. Open interest climbed back above <strong>$20 million<\/strong> after declining during last week&#8217;s selloff, suggesting traders were returning to the market.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Pi Network Introduces New Ecosystem Tools<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The latest Pi2Day event focused on strengthening the network\u2019s infrastructure with three major additions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SoloHost<\/strong> is designed to help developers create AI-powered applications directly on Pi Network\u2019s infrastructure. Meanwhile, <strong>Pi Sign-In<\/strong> provides a single authentication system for decentralized applications, making it easier for users to access services across the ecosystem.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The third launch, <strong>PiVerify<\/strong>, allows outside businesses to connect with Pi Network\u2019s community of more than <strong>18 million KYC-verified users<\/strong>. This feature creates another practical use case by encouraging developers and businesses to interact with the Pi ecosystem while accessing verified users.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These updates reflect Pi Network\u2019s continued effort to build real-world applications and increase adoption beyond simple token trading.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Broader Crypto Market Adds Support<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The improvement in PI&#8217;s price was also supported by a stronger overall cryptocurrency market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin climbed back above <strong>$61,000<\/strong> and briefly traded above <strong>$62,000<\/strong> after weaker-than-expected U.S. June employment data increased expectations that the <strong>Federal Reserve<\/strong> could lower interest rates later this year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The positive macroeconomic news boosted investor confidence across digital assets, adding approximately <strong>$50 billion<\/strong> to the total cryptocurrency market capitalization. Several altcoins also recorded intraday gains, with PI benefiting from the improved market sentiment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Technical Picture Still Favors Caution<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the recent recovery, Pi Coin&#8217;s technical outlook remains mixed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The token had dropped to a new all-time low of around <strong>$0.1141<\/strong> on July 1 before buyers stepped in. During the decline, the <strong>Relative Strength Index (RSI)<\/strong> fell to roughly <strong>27<\/strong>, signaling oversold conditions that often attract bargain hunters. This helped PI stabilize near the <strong>$0.115<\/strong> support level.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the four-hour price chart continues to indicate weakness. Analysts have identified what appears to be a <strong>bearish flag<\/strong> pattern, with the price trading inside a narrow upward channel following the sharp decline from around <strong>$0.132<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Adding to the pressure, a descending trendline has blocked every recovery attempt since late June. The <strong>Supertrend<\/strong> indicator also remains above the current price near <strong>$0.121<\/strong>, reinforcing resistance in the short term.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are some encouraging signs, though. The <strong>MACD<\/strong> indicator has begun to improve, with its histogram moving back above zero and the MACD lines starting to turn upward. Even so, buyers will need to push through several resistance zones before sentiment changes significantly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Key resistance levels are located near <strong>$0.116<\/strong>, <strong>$0.120<\/strong>, and <strong>$0.123<\/strong>, based on Fibonacci retracement levels. A sustained move above both the descending trendline and the Supertrend indicator would weaken the current bearish setup.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Token Unlocks Continue to Weigh on Price<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">While the Pi2Day announcements have improved optimism, the biggest challenge facing PI remains its expanding token supply.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Data from <strong>PiScan<\/strong> indicates that between <strong>76 million and 149 million PI tokens<\/strong> are scheduled to unlock during rolling 30-day periods. Over the next 12 months, more than <strong>1.7 billion PI tokens<\/strong> are expected to enter circulation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This steady increase in available tokens has consistently outpaced market demand, making it difficult for the price to establish a lasting recovery. Limited liquidity is another concern, as major cryptocurrency exchanges including <strong>Binance, Coinbase, and Bybit<\/strong> have not yet listed the token.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If PI falls below the lower boundary of the current four-hour bearish flag and breaks under the recent <strong>$0.111<\/strong> low, it could open the door to fresh record lows.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the other hand, a sustained move above the <strong>$0.120\u2013$0.121<\/strong> resistance area, combined with growing adoption of <strong>SoloHost<\/strong>, <strong>Pi Sign-In<\/strong>, and <strong>PiVerify<\/strong>, could invalidate the bearish pattern and potentially lift the token toward the <strong>$0.123\u2013$0.125<\/strong> range.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Also read : <a href=\"https:\/\/www.decentralnetwork.org\/news\/bitcoin-bounces-back\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin Bounces Back as Weak U.S. Jobs Data Boosts Rate Cut Hopes<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pi Coin showed signs of stability on July 2 after the Pi Network introduced a series of new ecosystem features &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Pi Coin Holds Steady After Pi2Day Upgrades Despite Bearish Pressure\" class=\"read-more button\" href=\"https:\/\/www.decentralnetwork.org\/news\/pi-coin-holds-steady-after-pi2day\/#more-3478\" aria-label=\"Read more about Pi Coin Holds Steady After Pi2Day Upgrades Despite Bearish Pressure\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[10798,10791,65,10793,10770,10782,10785,10779,10784,10789,10790,10769,10775,10787,10774,10675,10766,10772,10776,10783,10773,10771,10781,10797,10777,10796,10778,10767,10780,10671,10765,10668,10664,10788,10768,10795,10792,10786,10794],"class_list":["post-3478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-altcoin-market-update","tag-bitcoin-market-rally","tag-cryptocurrency-market-news","tag-pi-coin-all-time-low","tag-pi-coin-bearish-flag","tag-pi-coin-binance-listing","tag-pi-coin-bybit-listing","tag-pi-coin-coinbase-listing","tag-pi-coin-exchange-listing","tag-pi-coin-investment-news","tag-pi-coin-july-2026","tag-pi-coin-latest-news","tag-pi-coin-macd-indicator","tag-pi-coin-market-analysis","tag-pi-coin-price-forecast","tag-pi-coin-price-prediction","tag-pi-coin-price-today","tag-pi-coin-recovery","tag-pi-coin-rsi-analysis","tag-pi-coin-supply-pressure","tag-pi-coin-support-and-resistance","tag-pi-coin-technical-analysis","tag-pi-coin-token-unlocks","tag-pi-network-adoption","tag-pi-network-ai-applications","tag-pi-network-crypto-news","tag-pi-network-developers","tag-pi-network-ecosystem-upgrades","tag-pi-network-kyc-users","tag-pi-network-pi-sign-in","tag-pi-network-pi2day-update","tag-pi-network-piverify","tag-pi-network-solohost","tag-pi-token-latest-update","tag-pi-token-price-analysis","tag-pi-token-resistance-levels","tag-pi-token-support-level","tag-why-is-pi-coin-falling","tag-will-pi-coin-recover","resize-featured-image"],"jetpack_featured_media_url":"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-02T222313.537-converted-from-png.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/3478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/comments?post=3478"}],"version-history":[{"count":1,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/3478\/revisions"}],"predecessor-version":[{"id":3480,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/3478\/revisions\/3480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media\/3479"}],"wp:attachment":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media?parent=3478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/categories?post=3478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/tags?post=3478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- This website is optimized by Airlift. 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