Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Pi Network Price Forecast: PI halts the decline amid KYC, mainnet migration upgrades

Source Fxstreet

Pi Network ticks higher on Friday, holding above $0.0800 after three consecutive days of losses.
Pi Core Team released new technical updates to KYC and mainnet migration, clearing 417,000 duplicate accounts.
The technical outlook is bearish as momentum weakens, while bears target the $0.0704 record low.

Pi Network (PI) edges higher on Friday after three consecutive days of losses, totaling a 15% decline. Pi Core Team announced clearing 417,000 duplicate accounts with the release of new Know Your Customer (KYC) and mainnet migration upgrades. Still, the technical outlook for PI is bearish, with the record low of $0.0704 in focus.

New upgrades improve Pi KYC verification processes

Pi Core Team announced technical updates to the network's KYC and mainnet migration on Friday to resolve corner cases like duplicate accounts and fast-track wallet issues. The updates resolved 417,000 cases of duplicate KYC accounts and 497,000 cases of mainnet migration.

In addition, the Core Team introduced a one-month trial of palm-print capture as an additional authentication step to resolve liveness cases and resubmissions for Indonesian users whose KIA IDs were rejected.

Technical outlook: Pi Network could see further weakness

Pi Network trades around $0.0830 at press time on Friday, maintaining a bearish near-term bias. The PI token holds well beneath the 50-, 100-, and 200-day EMAs at $0.0931, $0.1037, and $0.1364, respectively, forming a broad cap above the price.

The Moving Average Convergence Divergence (MACD) crosses below zero with the negative histogram expanding, while the Relative Strength Index (RSI) at 36 sits between the midline and oversold zone, hinting at persistent downside pressure.

The 23.6% Fibonacci retracement level at $0.0819, measured from $0.1341 to $0.0704, acts as an interim floor that would likely come under pressure if selling resumes. A confirmed breakout below this level could open the door toward the Fibonacci anchor near $0.0704.

Chart Analysis PI/USD (baha Crypto) — PI/USDT daily price chart.

A potential rebound in Pi could face the 50-day EMA at $0.0931 as the immediate barrier, followed by the 50% retracement level at $0.0971.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

Sep 14, Mon

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Silver breaks $64 as precious metals rebound — can gold hold the $4,280 line into the Fed decision?Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Author Suzie

Sep 16, Wed

Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Bitcoin falls below $75,000 as the CLARITY Act fails in the Senate — what the vote means for crypto The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Author Suzie

Sep 16, Wed

The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Dow drops 631 points as the Fed hikes — but futures are rebounding: what's next for US stocks?The Dow fell 631 points and the S&P 500 closed below 7,600 after the Fed hiked rates for the first time since 2023, with the dot plot showing 16 of 18 officials expect more tightening. Asia-session futures are already recovering — here are the levels and analyst views that decide whether 7,500 holds.

Author Irene Q.

Yesterday 02: 54

The Dow fell 631 points and the S&P 500 closed below 7,600 after the Fed hiked rates for the first time since 2023, with the dot plot showing 16 of 18 officials expect more tightening. Asia-session futures are already recovering — here are the levels and analyst views that decide whether 7,500 holds.

Dollar index tops 100 for the first time since July as the Fed's hawkish dot plot sinks in The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Author Irene Q.

Yesterday 02: 45

The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Popular Symbols