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Pi Network (Pi) successfully escaped the long -term 45 -day bear trend, which dominated the price action since May, when the token last led prices above the $ 1 border.
During Wednesday’s commercial session at PI, it increased by 15% of its session by $ 0.51, which first appeared for the first time in two weeks for the first time a psychologically important level of $ 0.60.
At the time of printing, the token consolidates at $ 0.623, which represents an important technical milestone for holders who have tolerated weeks of falling prices.
Despite the remaining 63% below the annual peak of $ 2.98, PI Network maintains its position among the Elite of the Cryptocurrency Market, and among the 30 best digital assets of market capitalization.
Market analysts largely attributed to the recent increase in development of development April announcement chainlink Regarding the extension of the data current.
The Oracle network revealed plans to integrate 22 new assets and seven other protocols to its standard of infrastructure, while the network provided a sought -after location between selected projects.
The decentralized Oracle Network ChainLink network specializes in providing verified information in real -time in blockchain applications, making it a basic infrastructure component for modern Defi ecosystems.
For PI Network that can boast More than 60 million active usersThis partnership represents the approach to critical infrastructure, which allows sophisticated decentralized financial applications.
Integration has placed the network as one of the most discussed cryptocurrency projects in recent months and has contributed to its dominant presence of social media on the main platforms.
According to Lunarcrush AnalyticsThe PI currently leads a discussion on social media cryptocurrencies with more than 18% dominance on the market and overcomes established projects including Solan, Aave, Fartcoin and Ondo Finance.
Increased social engagement coincides with expectations PI2DAY, an annual celebration of the network Scheduled for 28 June.
The date is important because it refers to the mathematical constant Pi (π ≈ 3,14) and its multiple (2π ≈ 6,28).
PI2Day traditionally serves as a platform for the main team to demonstrate ecosystems, users’ growth metrics and infrastructure achievements.
This year’s event is of particular importance because the community expects the main announcement that could further speed up adoption.
The most anticipated development involves the release of an improved Know the Customer Synchronization function (KYC).
This update determines the connectivity between the PI browser and the main application of PI, allowing users to consolidate identity verification data on the platforms.
Through this simplified process currently millions of users Experiencing a “waiting” or “preliminary” state of kyc He can finally complete his migration on open mainnet.
Successful migration unlocks basic functions, including the functionality of the wallet and the transmission of the tokens to the Live Blockchain network.
Plus, over 100 days have elapsed since the opening of the Mainnet“Members of the community predict notifications on new applications and tools for developers.
Any demonstration of practical usefulness could shift the perception of the market from speculative mining activities to legitimate acceptance of the case.
The PIUSDT graph shows a strong escape from the descending wedge pattern, the classic bull formation of the conversion.
Escape will not invalidate the previous bear structure and opens the door for a permanent upstrend. The key objectives up are the levels of $ 0.9624 and $ 1.0486, which represent the former demand zones and probable resistance.
Another significant level of resistance lies near the psychological mark of $ 1, which coincides with the peak of the highlighted green offer.
With dynamics clearly prefer bulls after interruption remains a short -term bull outlook. If the price can stick to the broken wedge structure, it is likely that the continuation towards the region of $ 0.90- 1.05 is likely.
Contribution Pi breaks a 45-day slump with 15% pop to integrate chainlink-turget 1 $ now in the game He appeared for the first time Cryptonews.