PI Network Faces 12% Breakdown as Pi Network Boosts .pi Domains With Major App Update
On June 15, 2025, Pi Network’s PI/USDT chart on OKX revealed an ascending channel pattern on the 1-hour timeframe. An ascending channel pattern is a bearish technical development where the rate relocations upward in between 2 parallel trendlines before typically breaking down. The post PI Network Deals with 12% Breakdown as Pi Network Boosts .pi Domains With Major App Update appeared initially on Coinchapter.
On June 15, 2025, Pi Network’s PI/USDT chart on OKX showed an ascending channel pattern on the 1-hour timeframe. An ascending channel pattern is a bearish technical formation where the cost relocations up in between two parallel trendlines before usually breaking down. The pattern formed after a sharp rate rebound from the June 13 bottom. PI/USDT has now touched the upper resistance of the channel near $0.616 and started to pull back. The 50-hour Exponential Moving Typical (EMA), presently at $0.5996, sits just listed below the lower trendline, suggesting a critical assistance level. The pattern indicates a potential 12 percent decline from the existing rate of $0.6148 if the rate breaks listed below the channel and loses the EMA. This relocation could press the cost toward the $0.5370 level, as shown by the forecasted drawback in the chart. Volume on the breakout spike and the follow-up climb shows weakening buying pressure. Furthermore, the bearish wick on the latest candle light signals rejection from the leading trendline. The bearish target of $0.5370 may come into play quickly if confirmed by a breakdown below the lower trendline and EMA.
RSI Strikes Overbought Zone Ahead of Possible PIUSDT Breakdown On June 15, 2025, the 4-hour Relative Strength Index (RSI) for PI/USDT reached 63.70. The RSI determines momentum and ranges from 0 to 100. Worths above 70 normally signal overbought conditions, while worths below 30 program oversold zones. Currently, the RSI is close to the overbought limit. The RSI moving typical stands at 62.12, just below the main line, showing that buying momentum has actually slowed however remains strong. This level lines up with previous peaks where the price reversed. Taking a look at the more comprehensive context, the RSI rebounded greatly from a low near 17 on June 13, confirming the rate recovery from that date. However, the existing uptrend is flattening, which often occurs before a pullback. It might validate compromising bullish momentum if the RSI crosses listed below the moving average and dips under 60. Integrated with the bearish rising channel pattern in the price chart, this RSI setup supports the risk of a 12% drop towards the $0.5370 level.
MACD Shows Bullish Momentum But Flattening Signal On The Other Hand, the Moving Typical Merging Divergence (MACD) for PI/USDT showed a bullish crossover. The MACD line (blue) stands at 0.0080, slightly above the signal line (orange) at 0.0078. The MACD pie chart still prints green bars, however the bar height is shrinking. MACD (12, 26) uses two rapid moving averages– 26-period and 12-period– to discover modifications in momentum. A crossover above the signal line suggests bullish momentum, while a down crossover suggests deteriorating trend strength. The MACD line crossed above the signal line on June 13, validating the price rally from that day’s bottom. Ever since, the histogram has revealed steady development, however the speed is now slowing. If the MACD pie chart continues to contract, and the blue MACD line crosses back listed below the orange signal line, it may signal a momentum shift. This would support the bearish case revealed on the cost chart and RSI, potentially validating the forecasted drop toward $0.5370.
DMI Flashes Weakening Bullish Signal on PIUSDT The Directional Motion Index (DMI) for PI/USDT revealed early indications of pattern fatigue. The DMI indication includes 3 lines:– +DI (blue): 28.17—- DI (orange): 14.87– ADX (red): 28.00 The +DI line is above the– DI line, which recommends bullish strength. Nevertheless, the two lines are almost crossing, and the Average Directional Index (ADX) is no longer rising. The ADX procedures trend strength, and a falling ADX often indicates that the pattern is deteriorating. Previously in the chart, the ADX surged above 70 during the sharp price move on June 13. Since then, it has actually declined considerably, now hovering near 28. This shift verifies that the present uptrend has actually lost momentum. If +DI crosses below– DI and ADX continues to drop, it would validate a bearish trend shift. This setup supports the earlier breakdown threat shown on the rate, RSI, and MACD charts.
Pi Network Expands.pi Domains Auction With New App Features and Duplicates Tools On June 15, 2025, Pi Network’s Core Team shared two key updates aimed at increasing community participation in the ongoing.pi Domains Auction. The auction, first exposed throughout Pi Day 2025, has already drawn in over 200,000 bids, with more than 100,000 sent within the very first week. The.pi Domains Auction serves as a Web3-native identifier system, enabling businesses, developers, and users to protect digital names for shops, apps, and services. These domain names imitate traditional web addresses but operate throughout the Pi Browser and, eventually, other Web3 wallets and internet browsers. For Chrome and Safari users, the domains are available utilizing the.pinet.com extension. According to the team, these identifiers strengthen Pi Network’s existence in both real-world commerce and decentralized apps. Profits from the auction will directly money Pi environment initiatives, including developer occasions and assistance programs. Update 1: Real-Time Stats Dashboard The very first significant upgrade introduces a devoted interface showing real-time auction information. Users can now track the most popular domains, greatest quote quantities, and current trending auctions. This update improves openness and allows participants to monitor market activity at a glimpse. Update 2: Integration Into Pi App The 2nd upgrade includes full.pi Domain functionality straight inside the Pi App. Formerly restricted to the Pi Wallet, users can now access new functions such as the statistics dashboard and e-mail notification settings within the app itself. This broader integration makes it easier for Pioneers to engage with the auction from a single platform. Alongside the two core updates, the Core Team presented a number of improvements. First, they improved the bidding interface to enhance use. Second, more users can now access the Auction as the Mainnet wallet has seen a “considerable” growth in accessibility. Lastly, Pioneers can make it possible for email notifies for specific domains by changing settings in the app. Together, these updates aim to increase presence, ease of usage, and community participation in the.pi Domains initiative as Pi Network gets ready for more comprehensive Web3 engagement.
An ascending channel pattern is a bearish technical formation where the price moves up between 2 parallel trendlines before generally breaking down. If the cost breaks below the channel and loses the EMA, the pattern implies a prospective 12 percent decrease from the current cost of $0.6148. Looking at the more comprehensive context, the RSI rebounded greatly from a low near 17 on June 13, confirming the cost recovery from that date. The MACD line crossed above the signal line on June 13, verifying the cost rally from that day’s bottom. Previously in the chart, the ADX surged above 70 during the sharp rate relocation on June 13.
