Pi Network PI dey stabilish for $0.38; e dey eye $0.78 resistance
Pi Network own coin PI kon dey stabilize for $0.38 afta e drop 7%, trading volume na $115.2 million, markit cap na $2.96 billion. Di 4-hour chart dey show sey e dey konsolidate under descending trendline, with key resistance for $0.78, $1.50 and $5.00. Momentum indicators weak: MACD dey near zero, Stochastic RSI dey show oversold condition. On-chain data show sey 409.4 million PI dey for exchanges—Bitget get 139.9 million, OKX get 29.55 million—and network activity light, 0.714 TPS with 22.16 million blocks. Ecosystem updates include Chainphon list PI for PHONE/PI trade on Aug 12 with 100-PI giveaway, plus .pi domain auction extend reach end of Sept to allow custom wallet addresses. Traders suppose watch Pi Network $0.78 resistance for possible trend reversal and make dem dey observe Chainphon listing plus .pi domain launch.
Neutral
After di recent 7% drop and di consolidation round $0.38, di technical indicators dey show weak momentum and oversold condition wey fit make people buy short-term, but di descending trendline and serious resistance levels for $0.78 and $1.50 mean say di upside no too much if no stronger catalyst. Di upcoming Chainphon listing and domain auction extension dey bring beta news, but past token consolidations like dis one don usually lead to long period of sideways trade before correct breakout. So, di immediate outlook still dey neutral; if e clear break pass $0.78, e fit trigger bullish movement for medium to long term, but if e no fit, di rangebound action fit continue.