Pi Network Announces Major Ecosystem Upgrades as PI Coin Faces Market Pressure

Pi Network celebrated its annual Pi2Day event with a substantial software update, introducing two pivotal features designed to accelerate real-world adoption. The project's App Studio now allows non-coders to build applications using AI tools, while Ecosystem Directory Staking enables direct Pi staking on the mainnet to enhance dApp visibility.

Despite these advancements, PI coin failed to gain momentum from the announcement, dropping 3% as it encountered resistance levels. The cryptocurrency has faced sustained selling pressure since hitting its $3 all-time high in February, with bulls currently holding the $0.50 support level.

Technical indicators suggest traders should exercise caution, as PI continues to show weakness following previous network milestones. The update included Node software enhancements, fiat gateway integrations, and an extended '.pi' domain auction—all part of Pi Network's broader strategy to transition from testnet to full mainnet operations.