\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tPI was brutally rejected at $0.20.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Perhaps driven by some of the positive developments within its ecosystem, Pi Network\u2019s native token defied the overall market sluggishness over the past several days and posted some impressive gains.<\/p>\n
However, it all came to a screeching halt as the bears reemerged and pushed it south hard.<\/p>\n
The Core Team behind the project has announced some major protocol changes in the past few months, which upgraded<\/a> it from v19.6 to v21 by mid-March. The subsequent one, version 22, is also rumored to be deployed, but there\u2019s no official confirmation from the team yet.<\/p>\n In addition, they have made strides in different directions, such as AI and verifications. In fact, as reported<\/a> yesterday, they managed to combine AI and human input to complete over 526 million verification tasks.<\/p>\n These are among the likely reasons behind the native token\u2019s impressive performance by yesterday. Its rally began from $0.17, where it traded by April 26, before it skyrocketed to $0.20 by April 29. This became its highest price tag in over a month and prompted some analysts to speculate<\/a> about an even more profound pump that could drive it north by 1,400%.<\/p>\n However, the $0.20 resistance was too strong, and the subsequent rejection has been quite brutal. PI first retreated to $0.19 before it nosedived again to just over $0.17. It found some support there and now trades above $0.175. Nevertheless, its daily losses are still over 10%, and its market cap has plunged to $1.830 billion.<\/p>\n Popular X user Dao World weighed in on PI\u2019s latest rejection, noting that the $0.20 resistance is where the 200-day MA is located. The retracement drove it south to the 100-day MA, which serves as the first major support.<\/p>\n They explained that the number of high-leveraged long positions had started to build up during the rally, which \u201cmade it a perfect setup for a long liquidation.\u201d<\/p>\n The other factor that could have contributed to the correction was the overall market state. As reported<\/a> yesterday, bitcoin and most altcoins dumped after the FOMC meeting, in which the Federal Reserve maintained the key interest rates unchanged.<\/p>\n Nevertheless, Dao World reassured<\/a> the PI community that the asset had not dropped below the 100-day MA, which could result in a more impressive rebound if market sentiment improves.<\/p>\nPerfect Setup for Long Liquidations<\/h2>\n
![<\/a>Pi Network (PI) Price on CoinGecko<\/figcaption><\/figure>\nPerfect Setup for Long Liquidations<\/h2>\nPopular X user Dao World weighed in on PI\u2019s latest rejection, noting that the $0.20 resistance is where the 200-day MA is located. The retracement drove it south to the 100-day MA, which serves as the first major support.<\/p>\nThey explained that the number of high-leveraged long positions had started to build up during the rally, which \u201cmade it a perfect setup for a long liquidation.\u201d<\/p>\nThe other factor that could have contributed to the correction was the overall market state. As reported<\/a> yesterday, bitcoin and most altcoins dumped after the FOMC meeting, in which the Federal Reserve maintained the key interest rates unchanged.<\/p>\nNevertheless, Dao World reassured<\/a> the PI community that the asset had not dropped below the 100-day MA, which could result in a more impressive rebound if market sentiment improves.<\/p>\n<\/p><\/div>\n\nSource link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" PI was brutally rejected at $0.20. Perhaps driven by some of the positive developments within its ecosystem,…\n","protected":false},"author":2,"featured_media":30768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-43440","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/43440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43440"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/43440\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/30768"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/04\/PI.png\"){kind=link}