Pi Network: Defending the $0.0839 support level, a slight rebound after the latest node upgrade
2026-08-17 20:03:27
According to CoinMeta, after the latest node upgrade of Pi Network, there was a slight rebound on Monday as buyers attempted to defend the key support level of $0.0839, following two consecutive days of decline. This rebound stemmed from the new node upgrade released by the core team of Pi, which aims to enhance the network's distributed computing capabilities. However, the complex technical prospects of Pi, along with weak derivative activity and uncertain momentum, limit confidence in the rebound. Pi Network remains a highly speculative cryptocurrency, and its price is influenced by market conditions, retail demand, and community momentum. The Fear & Greed Index for CoinMarketCap stands at 38, reflecting investors' cautious sentiment. Geopolitical tensions between Israel, Lebanon, the United States, and Iran have increased the uncertainty surrounding risky assets, which may make it more difficult for tokens like Pi to attract new capital. On Saturday, the core team of Pi released node software version 0.6.2, and this upgrade may provide a foundation for additional network utilities.
Source:CoinJournal
This content is for market information only and does not constitute investment advice.
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