Pi Network (PI) Launches Open Network, Hitting a New Milestone and Keeping Investor Interest High

The Open Network adds external connectivity, allowing Pi users (called Pioneers) to connect with other compatible blockchain networks

Pi Network's Open Network launch has hit a new milestone, while investor interest remains high, evidenced by the impressive price jumps.

Yesterday alone, altcoin prices rose 20%, and currently, the coin is trading at $1.87, according to CoinMarketCap.

Open Network Expands Use Cases, Binance Listing Potential Adds to Interest

The Open Network, which adds external connectivity for Pi users (known as Pioneers) to link with other compatible blockchain networks, is expanding the coin's real-world use cases, as highlighted in a recent blog post.

Moreover, a listing on major crypto exchange Binance could provide a vast user base with access to the PI coin.

As shared by "MOON JEFF" on X, the community vote for a Binance listing of PI wraps up in two days.

Currently, 86.2% of eligible users have voted yes to listing PI on the exchange.

If listed, the coin could benefit from increased liquidity, attract more investors, and potentially push the price to new highs.

"Don't forget to vote for PI on @binance. Community members have two more days to vote for the listing of Pi Network (PI) on Binance.

So far, 86.2% of eligible users have voted yes for the listing, which could help increase the coin's liquidity, draw in more investors, and maybe push the price to new highs. "

If you look at PI’s 15-minute chart, a symmetrical triangle has appeared. This pattern, which usually forms after a large price wave, signals a period of consolidation ahead of a major price move. The breakout has already occurred, increasing PI by 22.95% from the triangle’s resistance.

If this positive momentum continues, PI could aim for the $2.00-$2.20 price point soon. However, if sellers step in, the asset might test the $1.59 support level again before another possible breakout.

RSI Shows Overbought Conditions

On the hourly chart, the Relative Strength Index (RSI) for PI shot above 85, indicating that PI is currently overbought. This suggests that while the uptrend is strong, a short-term price correction is possible.

Also, PI’s price is testing the upper Bollinger Band, further showing the overbought situation. If it breaks above resistance at $1.90, it could start another move up. On the flip side, the closest support levels are at $1.67 and $1.44.