{
  "type": "article",
  "title": "Pi Network Price Struggles as Momentum Fades and Open Interest Declines",
  "summary": "Pi Network holds key support levels amid low trading momentum, while declining futures open interest and mixed technical indicators point to persistent downside risks.",
  "content": "Pi Network edged higher on Monday, successfully holding the crucial support level at $0.0839.\n\n \n\nNode Upgrades and Distributed Computing\n\nIn a move to advance network capabilities, the Pi Core Team released a fresh Node upgrade on Saturday. The newly introduced 0.6.2 version focuses on improving distributed computing capabilities. This release marked a successful test of distributed computing performance across network nodes, which could eventually unlock broader utilities.\n\n \n\nCommunity Expectations and Metrics\n\nAmid these developments, community optimism remains anchored to the potential growth of an ecosystem catering to a KYC-verified base of 18 million users. Santiment data indicates that Social Dominance and Volume crept up on Sunday to 0.01% and 12, respectively, improving from 0.009% and 8 on Saturday, reflecting a slight uptick in social discussions.\n\n \n\nDerivatives Market and Reduced Leverage\n\nOn the derivatives front, data from CoinAnk shows that PI futures Open Interest dropped to $8.81 million, down from $9.12 million on Friday, pointing to a lower notional value in active contracts. A declining Open Interest indicates a steady reduction in leverage-driven exposure, signaling cautious retail interest.\n\n \n\nTechnical Outlook and Bearish Bias\n\nThe near-term outlook for the token remains bearish as prices consolidate below the $0.0900 mark following a breakout from a daily falling-channel pattern. From a technical viewpoint, the lack of follow-through buying points to lingering weakness.\n\n \n\nMomentum Indicators\n\nDaily momentum indicators align with weak buying sentiment. The Moving Average Convergence Divergence continues to hover marginally above its signal line, carrying the risk of a bearish crossover. Meanwhile, the Relative Strength Index reads at 45, pointing to modest and range-bound momentum.\n\n \n\nResistance and Retracement Levels\n\nOn the upside, initial resistance stands at the psychological $0.1000 threshold, reinforced by the 50% retracement level at $0.1022, where any recovery attempt could face selling pressure. A more sustained correction could target the 23.6% retracement level at $0.1190 as a strategic ceiling.\n\n \n\nBroader Crypto Market Context\n\nOther major assets are experiencing similar caution. Cardano trades near $0.177 after correcting over 10% the previous week, pressured by whale wallet liquidations. Bitcoin trades around $63,000 on Monday, recovering slightly after a 3% decline last week, while risk-off sentiment persists due to geopolitical tensions in the Middle East. Meanwhile, Worldcoin and World Liberty Financial have emerged as notable short-term gainers. Major tokens like Bitcoin, Ethereum, and Ripple also began the week cautiously following losses in the prior week.\n\nWhat this means for you\nFor crypto investors: Ongoing consolidation and declining derivatives open interest across alternative tokens signal persistent market caution, making it essential to thoroughly check technical support levels before making new trading decisions.\n\nQuestions & Answers\n\n1. What is the current support level for Pi Network?\nPi Network is holding its key support level at $0.0839.\n\n2. Which node upgrade was recently released?\nThe Pi Core Team released the 0.6.2 Pi Node upgrade on Saturday.\n\n3. How has the futures open interest changed?\nPI futures open interest has dropped to $8.81 million.\n\n4. What is the RSI reading on the daily chart?\nThe Relative Strength Index stands at 45, pointing to modest, range-bound momentum.",
  "url": "https://trendkia.com/en/crypto/pi-network-price-struggles-as-momentum-fades-and-open-interest-declines-17687",
  "category": "Crypto",
  "publishedAt": "2026-08-17",
  "tags": [
    "Pi Network",
    "Crypto News",
    "Blockchain",
    "Pi Coin",
    "Crypto Market",
    "finance"
  ],
  "language": "en",
  "site": "TrendKia"
}