Pi Network’s AI Pivot & Directory Staking Fail to Move the Needle – What’s Holding It Back?
Pi Network's much-hyped shift toward AI integration and directory staking hasn't sparked the expected price surge. Despite bullish promises, the token's valuation remains stubbornly flat—another case of 'innovation theater' in crypto?
The AI Bet That Didn't Pay Off (Yet)
Investors anticipated a rally when Pi Network rebranded as an AI-powered blockchain project. Instead, they got a masterclass in how even buzzword bingo can't force organic demand.
Staking Mechanics Falling Flat
The new directory staking feature—touted as a game-changer—has failed to attract meaningful liquidity. Turns out locking up tokens works better when people actually want to hold them first.
Another day, another crypto project learning the hard way that real adoption beats marketing pivots. But hey, at least the whitepaper looks pretty.
Pi Network price technical analysis
Technicals suggest that a Pi Coin price rebound may happen in the coming weeks. The 12-hour chart shows that it has formed a double-bottom pattern at $0.3976 and a neckline at $1.6695, its highest point in May.
Pi has also formed a falling wedge pattern, consisting of two descending and converging trendlines. It has already moved above the upper side of this pattern and is attempting to retest it. A break-and-retest pattern is a popular continuation sign.
Therefore, the token is likely to experience a bullish breakout in the coming days, with the next target being the psychological point of $1.