Pi Coin prices posted modest gains for a second consecutive session after the development team announced updates to its decentralized exchange (DEX) and automated market maker (AMM) infrastructure. Despite the short-term rebound, technical signals suggest that downside risks remain elevated.
The Pi Network token climbed to around $0.2070, marking a recovery of roughly 7% from its weekly low. Even so, the price remains far below its all-time high near $3.00. Pi’s market capitalization has also contracted sharply, falling from a peak of nearly $20 billion to approximately $1.8 billion.
In a recent blog post, the Pi Core Team said progress on the DEX, AMM, and liquidity tools testnet has been encouraging. Based on user feedback, several refinements have been introduced to improve functionality and usability.
Key updates include enhanced interface organization and a cleaner user experience aimed at simplifying trading. The team has also improved asset pairing by introducing Pi-denominated trading pairs, positioning Pi as the base currency within the testnet environment.
According to the developers, these changes are designed to reduce price volatility, limit slippage, curb market manipulation, and improve overall price discovery. Additional testnet upgrades include domain verification features and liquidity-based token ranking mechanisms.
Looking ahead, the Pi Core Team reiterated plans to launch the DEX on the main network in 2026. Alongside this rollout, the team intends to introduce a token-generation feature that would allow users to create and deploy new tokens within the Pi ecosystem.
The DEX initiative forms part of a broader strategy to expand network utility. Other efforts include hosting hackathons and deploying capital through the $100 million ecosystem fund to support technology-driven projects. The team has already invested in CiDi Games and OpenMind. CiDi Games plans to roll out Pi-powered gaming applications, while OpenMind will collaborate with Pi Network on integrating artificial intelligence capabilities.
Pi Coin technical outlook
From a technical perspective, Pi Coin remains under pressure. On the daily chart, the token has been trending lower in recent weeks, sliding from a November high of $0.2805 to a recent low of $0.1945.
Price action shows the formation of a double-top pattern near $0.2800, with a neckline around $0.2106. The recent rebound appears to be a retest of this neckline, a classic break-and-retest formation that often precedes trend continuation.
Adding to the bearish bias, Pi Coin has slipped below the Supertrend indicator as well as short-term moving averages, signaling weakening momentum.
As a result, the prevailing technical setup suggests that the recent bounce may prove temporary. A resumption of the broader downtrend could see Pi Coin retest the key support level near $0.1500, which represents its lowest price on record.
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