Live Markets, Charts & Financial News

Pi Network (PI) Eyes $1 Post Chainlink and Possible ETH Integration

4

Main notes

  • It is said that the PI plan to integrate with Ethereum Blockchain.
  • ChainLink recently added PI to 22 of decentralized data extracts in actual time 22.
  • PI is currently trading near $ 0.75, which is a major resistance level.

According to the PI network with Ethereum Blockchain, a step -up to a revolution in how decentralized applications that were built in the handle of the PI ecosystem.

Earlier today, Pi Brian Christian Alexander's lawyer revealed that developers will soon be able to connect the ERC-20 governor to accept USDT and USDC payments quickly and guarantee. Pinetwork has described integration as “Web3 power of ETHEREUM”.


This follows the Chainlink advertisement on April 12 that the PI network was added to a range of 22 new decentralized data. This addition means that ChainLink now provides the actual price data of PI, making the latter a more accessible data point for the series protocols.

Although the distinctive PI symbol is already trading on platforms like OKX, Gate.IO and Bitget, community members believe that this integration paves the way for the long -awaited Binance insert.

The project, which started as a laptop mining experience, has recently gained popularity. Last week alone, the original symbol, PI, witnessed a 36 % increase in its value.

Meanwhile, there are also speculation that surrounds the event of burning a potential PI, an important contraction mechanism. This can help compensate for inflationary pressure from persistent mining bonuses and open the distinctive symbol.

Pi Price Outlook

The distinctive PI is currently trading around the main resistance level at $ 0.75. In 4 hours The price schemeThe relative power index sits near 66, indicating the momentum of ascension, but approaches the peak area. If RSI ascends up, traders may see a short -term decline.

PI 4 hours graph Source: Trading Offer

Meanwhile, Bolinger ranges, with the price approaching the upper range. A clean outbreak after $ 0.80 can bring about one dollar. However, if you fail to move up up, the range (SMA 20 days) at $ 0.62 offers immediate support.

The MACD is still positive with a healthy climb, but the graph is middle. This means possible unification before the next stage. On the other hand, if the bears control, they can pull PI towards a support area of ​​0.60 – 0.62 dollars.

PI 4 hours graph Source: Trading Offer

It is important to note that the PI network will add 2.3 million icons to its supply today, indicating that investors can see a short -term price increase.

the next

Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

Altcoin News, Crystone News, News

Barth Dobby

Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.

Part Dubey on LinkedIn

Comments are closed, but trackbacks and pingbacks are open.