Pi Network mainnet v21 dey near smart contracts as PI dey slide
Pi Network don finish mainnet v21, wey bring di project closer to full smart-contract capability. Di upgrade focus on better performance and dey ask node operators make dem update to di latest software. Pi sef launch Testnet RPC server to help developers build, test, and deploy decentralized apps before wider rollout, wit smoother wallet and analytics integrations.
But PI price action still weak. After one failed try to push pass $0.167, PI dey trade round $0.165. Since late March, Pi Network don drop about 15%, form one descending triangle on di daily chart and break below di $0.166 support line. MACD and RSI dey point down, show say selling pressure still dey dominate. Di bearish scenario for di article mean say PI fit test di Feb 11 low near $0.131 if downside momentum continue, plus extra risk from upcoming “massive token unlocks”.
Bearish
Di news dey technically good for Pi Network (mainnet v21 and Testnet RPC wey dey push am toward smart contracts), but market reaction wey both articles describe na negative for PI. The latest piece talk say PI don break under $0.166 after e form descending triangle, while MACD and RSI still dey go down — signs traders normally link to continued selling pressure. For short term, this mean rallies fit fail and price fit just drift lower. For long term, if “massive token unlocks” show as dem warn, e fit make supply overhang worse and keep sentiment cautious. Even though broader crypto (BTC/ETH) dey rise, PI relative weakness and the bearish technical structure make the expected impact on PI lean to downside rather than a sustained rebound.