- The Pi Network price dipped to $0.16, with the trading near daily lows.
- Pi launched a new Testnet RPC server, allowing developers to read blockchain data.
- Key price levels remain $0.15 support and $0.18 resistance, with weakness continuing.
During today’s Asian trading session, Pi Network’s price opened its market following a previous dip that has sent its weekly dip above 3%. However, new developments around the network are hinting at a potential change despite trading around the red zone.
Pi Network Rolls Out New RPC Server on Testnet
According to an official announcement that was made yesterday, Pi Network has launched a new RPC server on its Testnet, giving developers direct access to blockchain functions. The release allows developers to read on-chain data instantly without fees and submit transactions when applications need state changes.
RPC server facilitates two main functions. Free read calls allow developers to check balances, contract data, and other information in the blockchain. Write calls also allow them to make transactions that update the blockchain data or implement smart contract operations. Those write actions still require normal transaction processing fees. The launch removes an earlier restriction that limited direct interaction with the Pi blockchain during development.
Developers can now build, test, and refine applications in a live testnet environment. This setup allows teams to simulate contract behavior and connect backend systems before any mainnet rollout. The Pi Network upgrade has not added any bullish movement to the price. This is not the first time for a still reaction. As we had recently reported, the protocol v21.2 that was made did not have any effect on the price trend, as the Pi Network price continues to trade below $0.20.
Pi Network Price Stays Under Pressure Near Daily Lows
According to CoinMarketCap data at the time of press, the last 24 hours have been tough for the Pi Network price. Pi trades at $0.1678 after posting a 1.41% decline over the last 24 hours. That upward move pushed Pi above $0.171 before momentum faded. The advance ended quickly, and the price turned lower with steady downward movement.
Red candles then dominated most of the session as Pi Network lost ground gradually. The decline continued through several stages, with only short-lived rebounds interrupting the drop. The Pi Network price later slipped to $0.169 and extended losses toward the $0.167 range. That move placed Pi near the day’s weaker trading zone for most later activity.
There was a recovery towards the end, though it was limited. Pi Network still traded at a lower level than it traded previously, and the short term structure remained under pressure. The session was characterized by a loss of momentum to the upside following the initial surge. Overall movement showed an early spike, a sustained decline, and a modest late stabilization. During this time of observation, the Pi Network price trend remained negative, with price action holding near session lows.
Pi Network Price Extends Pull Back After March Spike
According to TradingView technical analysis, Pi Network’s price stayed below the $0.18 resistance area and continued its dip. The price structure showed weakness after falling from the earlier $0.20 region. Selling pressure also followed the sharp March spike that briefly pushed the price near $0.28. After that move, the Pi Network price reversed quickly and slipped back below $0.20 and $0.18.
Current action places the Pi Network price close to the $0.15 support zone, which remains the nearest floor. That level previously attracted buying interest and produced a rebound toward higher resistance. Recent candles showed smaller bodies and weaker momentum as volatility cooled. The MACD remained below the signal line, while trading bars stayed in the negative area. This confirms a fading movement after the March recovery attempt lost strength.
The RSI index reads at 41.39, keeping the Pi Network price below the neutral 50 level. That position notes weaker buying strength and limited recovery pressure in recent sessions. If the price holds above $0.15, it could return toward $0.18. A price trend above $0.18 would bring $0.20 back as the next resistance target. If the price breaks below $0.15, the downtrend would likely continue.
