The PI network prices impetus seems to be weakening, and it could soon fall below $ 0.40. Despite recent announcements on the growth of ecosystems and the accommodation of applications, experts suggest that most positive developments have already been taken into account in the price, leaving little support for current levels.
Factors behind the lower perspective
1. Hype Pi2day Foluch in: Exciting around the Pi2day event in June, IA collaborations, new ads of merchants and ecosystem applications briefly increased the feeling of the market. However, these announcements have been motivated by emotion rather than real capital entries, and the impact of prices has already faded.
2. In the absence of new developments expected in the immediate term, this increase in the available tokens is likely to add sales pressure, which causes cautious or lower behavior.
3. Short -term price rallies: Historically, prices on PI network prices have been brief. Events such as the main launch and Pi2day celebrations have triggered short -term tips, generally lasts less than a week, before prices come back to the previous levels. Consequently, professional traders remain hesitant to occupy long positions.
4. $ 0.40 as key support: the technical point 0.40 $ both a critical graphic support and a psychological threshold. A drop below this level could arouse the interest of purchase, creating a triple low model which could support a future recovery.
The accommodation of new developers can support long -term growth
While short-term price forecasts remain down, Pi Network has recently introduced an update of its platform which could strengthen its ecosystem. The main team has announced that it would start to accommodate developer applications directly, removing the need for external infrastructure such as servers and security systems.
This change should reduce the barrier for developers, allowing easier and easier creation of applications that use Pi for payments and transactions. It could help attract more developers to the platform and gradually increase cases of utility and use of the PI token.
