Pi Network (PI) important signal: Mainnet launch faces another delay, angering early adopters and shaking confidence.

Pi Network (PI) is once again in trouble, new extensions continue to infuriate early adopters, and investor confidence is wavering. In early Asian trading today (17), Pi coin was tentatively quoted at $0.4471, and the market remained sluggish, with a market value of about $3.38 billion.

Pi Network has yet to fulfill its promises

For a long time, the delay in the mainnet launch has been a pain point for the Pi Network. Despite the increasing number of users, the project has yet to fully launch its mainnet and has not been listed on mainstream exchanges.

It was thought that 2025 would be the first year of the Pi Network – but now it seems unlikely due to slow technological progress.

Despite the recent 11.89% increase in trading volume for Pi Network, its token price has still fallen by 5%, raising further questions about its roadmap and delivery methods. Some people are beginning to see it as a low market capitalization, immature cryptocurrency gem.

As a result, users who initially joined the Pi mobile mining craze are now exploring cryptocurrencies with real utility and a more transparent development path.

The era of hype like Pi Network is paving the way for a new era of practical altcoins. Tokens offering services such as cryptocurrency staking, low gas fees, and direct bank transfers are attracting the attention of investors.

The longer the stagnation period of the Pi Network, the more its early investors will seek alternatives. As Bitcoin continues to reach new highs, driving a surge in established altcoins and meme coins, the challenges faced by Pi coin are increasing. The project team must take action as soon as possible, or they will face more difficulties.

Pi coin price prediction

According to CryptoPotato, despite the generally bullish market, PI coin seems to be struggling to find buyers. With prices hitting new local lows, this cryptocurrency appears to be at risk of further declines, hoping that the support level of 40 cents can rekindle interest.

(Source: Trading View)

By quickly browsing the trading volume curve, it becomes evident that sellers are in a dominant position, with only 10 days of closing down in July out of the 16 days. This maintains the downtrend, and unless a breakthrough occurs at the key resistance level of $0.52, it is unlikely that PI coin will return to an upward trend.

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(Source: Trading View)

Over the past two months, the Pi Daily RSI indicator has remained below 50 points and is currently close to 30 points. This is a weak signal that can be interpreted as a bearish signal. For optimism to return, the RSI indicator must rise above 50 points and maintain above it.

(Source: Trading View)