Pi Network experienced a small recovery in the week after prices fell for two consecutive days. The current focus of the market is on whether PI can hold the $0.0839. Meanwhile, Pi Core Team has just released version Node 0.6.2 in an attempt to advance the network's distributed computing capability.

Node upgrade published

Pi Core Team released a new version of the node software last Saturday. The team stated that the distributional computing capability test had previously been completed between Pi nodes and that the upgrade was based on that test.

Functionally, this means that the nodal role may no longer be limited to transaction validation. There is scope for expanding the availability of the network and the participatory landscape if there is more subsequent application access. However, the real and continuing need for this upgrade will depend on the subsequent roll-out of practical applications by developers.

The future holder continues to fall.

PI is still a highly volatile speculative currency, and prices are vulnerable to overall risk preferences, bulk demand and community dynamism. The CoinMarketCap's index of encrypted fear and greed is reported on Monday 38 showing a cautious market mood.

The external environment is also suppressing the performance of risky assets. Reports mentioned rising tensions in Israel, Lebanon, the United States and Iran, raising the risk-averse sentiment in the market. Against this background, it is more difficult for PIs, such as highly volatile coins, to attract additional funds.

CoinAnk data show that PI futures open contracts fell from $9.12 million last Friday to $8.81 million, indicating that some traders are settling down or reducing leverage.

  • Last Friday, the contract was $9.12 million.
  • The latest open contract was reduced to $8.81 million
  • Derivative participation has not recovered significantly

0.10 Strong resistance near the dollar.

Based on short-line movements, PI prices are still running below 0.09 dollars and are generally weak. Although the previous day line had once broken down the lower road upwards, the follow-up rebound was limited and the buy-out was not continuous enough.

The market is now competing around 0.0839 dollars. This position corresponds to 78.6 per cent of the previous round, which fell from 0.1341 to 0.0703. If this level is missed, the price may look back to the vicinity of 0.0786.

On the top side, $0.10 remains the first critical resistance position, with an additional $0.1022 in the vicinity of 50% of the retreat to form a more concentrated discharge zone. If the price is 0.1022 on a valid station, the next area of concern will be moved up to the vicinity of 0.1190.