With Over 120 Million Downloads and 1.3 Million New Users

Pi Network (PI) has been making headlines in the crypto space, not just for its unique concept of a community-driven cryptocurrency, but also for its recent regulatory approval from BANXA. This opens the door for users in over 100 countries to directly buy PI using fiat currency.

The network boasts over 120 million downloads and 1.3 million new users in the past 30 days, making its app among the most downloaded and trusted crypto apps globally. It holds a 4.41-star rating based on nearly 900,000 reviews.

From university campuses in Nigeria to small businesses in Southeast Asia and developers in Europe, people are not just mining PI but are actively building with it. This grassroots adoption paints a vivid picture of a decentralized future taking root across diverse communities.

Technical Analysis: Pivotal Fib Levels and MACD

From a trading perspective, PI/USDT is currently trading around $0.586, closely above the 1.618 Fib level at $0.5539. On the upside, immediate resistance is seen at the 0.618 Fib, which acted as a resistance earlier.

Key support zones on the downside are at the following Fib levels: 1.618 ($0.5539), 2.618 ($0.5187), 3.618 ($0.4836), and 4.236 ($0.4618).

A drop below $0.553 could see Pi retrace deeper into the lower Fib bands, with $0.518 and $0.483 becoming likely support areas. If these fail, sentiment could turn decisively bearish.

The MACD line is currently slightly below the signal line, suggesting a weakening bullish momentum. While it’s not yet a strong bearish crossover, there’s enough flattening to indicate uncertainty. If the MACD crosses clearly downward, expect further downside.

The Relative Strength Index (RSI) is at 42.23 and in a neutral-to-bearish territory. It’s neither oversold nor indicating a rebound.

If PI breaks and holds above the $0.6109 resistance, it could set the stage for a rally toward $0.65 and possibly $0.70, particularly if global news—like exchange listings or ecosystem launches—provides tailwinds.

However, failure to hold $0.5539, followed by breach of $0.5187, could confirm a bearish structure, opening doors to retest $0.48 or even $0.46, levels aligned with deeper Fib supports.