# Pi Network Price Struggles as Momentum Fades and Open Interest Declines

> Pi Network holds key support levels amid low trading momentum, while declining futures open interest and mixed technical indicators point to persistent downside risks.

**Type:** article · **Category:** Crypto · **Published:** 2026-08-17 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/crypto/pi-network-price-struggles-as-momentum-fades-and-open-interest-declines-17687 · **Language:** English
**Tags:** Pi Network, Crypto News, Blockchain, Pi Coin, Crypto Market, finance

Pi Network edged higher on Monday, successfully holding the crucial support level at $0.0839.

 

## Node Upgrades and Distributed Computing

In 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.

 

## Community Expectations and Metrics

Amid 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.

 

## Derivatives Market and Reduced Leverage

On 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.

 

## Technical Outlook and Bearish Bias

The 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.

 

## Momentum Indicators

Daily 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.

 

## Resistance and Retracement Levels

On 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.

 

## Broader Crypto Market Context

Other 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.

## What this means for you
**For 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.

## Questions & Answers

### 1. What is the current support level for Pi Network?
Pi Network is holding its key support level at $0.0839.

### 2. Which node upgrade was recently released?
The Pi Core Team released the 0.6.2 Pi Node upgrade on Saturday.

### 3. How has the futures open interest changed?
PI futures open interest has dropped to $8.81 million.

### 4. What is the RSI reading on the daily chart?
The Relative Strength Index stands at 45, pointing to modest, range-bound momentum.

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