Sunday, October 18, 2026
No Result
View All Result
Blockchain 24hrs
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
Crypto Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
No Result
View All Result
Blockchain 24hrs
No Result
View All Result

PI holds below $0.0800 as stablecoin plans emerge, but downside risks persist

Home Analysis
Share on FacebookShare on Twitter


Key takeaways

Pi Community traded beneath $0.080 Wednesday after a 2% rebound the day before today.
The Pi Core Crew is exploring stablecoin integration supposed to enhance PI’s current utility.
PI stays beneath its 50-day and 200-day EMAs, with weak momentum holding the near-term outlook bearish.

Pi Community (PI) has dropped beneath $0.0800 on Wednesday after a modest rebound helped it keep away from extending losses beneath final week’s low.

The token traded round $0.07956, dropping the earlier session’s 2% acquire. In the meantime, the Pi Core Crew reiterated its exploration of stablecoin integration as a technique to broaden exercise throughout the ecosystem.

Regardless of the restoration, PI stays beneath key transferring averages, leaving the value weak if assist at $0.0774 fails.

Pi Core group explores stablecoin integration

The Pi Core Crew is contemplating how stablecoins may assist extra ecosystem makes use of whereas preserving PI’s function because the community’s native cryptocurrency.

Stablecoins can play an vital function in increasing sure utility throughout the Pi ecosystem, significantly in use circumstances the place predictable worth stability is vital.

The introduction of stablecoins requires a deliberate, distinctive method, and should be aligned with Pi Community’s ecosystem and ideas.– Merely including a stablecoin doesn’t assure that it’ll naturally complement Pi.– How the 2 operate alongside one another will depend on how stablecoins are built-in into the Pi ecosystem.

This makes the design and preliminary introduction particularly vital. Stablecoin performance needs to be directed towards circumstances the place worth stability is required whereas preserving the utility of the Pi cryptocurrency throughout the broader ecosystem.

Be taught extra https://t.co/MuubtRW4uh

— Pi Community (@PiCoreTeam) October 13, 2026

Its partnership with Open Customary, the issuer of OUSD, focuses on potential stablecoin integration and rewards packages for Pi customers, often known as Pioneers.

In response to the announcement, Open Customary is backed by corporations together with Visa and Stripe. Deliberate OUSD rewards initiatives purpose to encourage broader ecosystem participation.

The combination stays an space of exploration, with the group emphasizing that stablecoin performance ought to complement PI’s utility.

PI rebounds however stays beneath key transferring averages

PI’s rebound has offered some reduction after latest promoting stress, however the broader technical image stays weak.

The token trades beneath the 50-day exponential transferring common at $0.0882 and the 200-day EMA at $0.1256. Each stay overhead obstacles to a sustained restoration.

Within the close to time period, PI is buying and selling between assist at $0.0774 and resistance round $0.0827. The latter corresponds to the 23.6% Fibonacci retracement recognized within the evaluation.

Till consumers overcome that higher boundary, the most recent acquire stays a rebound inside a bearish construction.

The Relative Energy Index is close to 37, beneath its impartial midpoint and according to continued promoting stress.

The Transferring Common Convergence Divergence indicator stays barely unfavourable and beneath its sign line, reinforcing the cautious outlook.

These readings counsel the rebound has but to provide a convincing shift in momentum. Holding above $0.0800 affords short-term stability, however consumers nonetheless must clear close by resistance.

PI/USD Daily Chart

On the draw back, a sustained break beneath $0.0774 may expose the $0.0704 swing low.

On the upside, PI first must reclaim $0.0827 earlier than difficult the 50-day EMA at $0.0882. Transferring above each ranges would strengthen the case for a extra sturdy restoration.

A sustained advance past $0.0882 may then carry the 50% Fibonacci retracement close to $0.0990 into focus.

For now, the power to defend $0.0774 and overcome $0.0827 will assist decide whether or not the rebound develops right into a restoration or provides technique to renewed losses.

Share this articleCategoriesTags



Source link

Tags: downsideEmergeHoldsPersistPlansRisksStablecoin
Previous Post

AI Predicts XRP: Stripe’s Privy Hits the Ledger and Every New Wallet Locks 1 XRP

Next Post

XRP rebounds from $1.32 as Standard Chartered adds RLUSD custody

Related Posts

HYPE rebounds near  as Ripple Prime expands institutional access to Hyperliquid markets
Analysis

HYPE rebounds near $82 as Ripple Prime expands institutional access to Hyperliquid markets

October 17, 2026
Ethereum reclaims ,400 as falling Treasury yields ease inflation pressure
Analysis

Ethereum reclaims $2,400 as falling Treasury yields ease inflation pressure

October 17, 2026
Ethereum dips below ,400 as hot inflation fuels selling and long liquidations
Analysis

Ethereum dips below $2,400 as hot inflation fuels selling and long liquidations

October 15, 2026
Zcash risks slide toward ,000 as inflation fears outweigh ETF inflows
Analysis

Zcash risks slide toward $1,000 as inflation fears outweigh ETF inflows

October 16, 2026
XRP rebounds from .32 as Standard Chartered adds RLUSD custody
Analysis

XRP rebounds from $1.32 as Standard Chartered adds RLUSD custody

October 14, 2026
Dogecoin rebounds from alt=
Analysis

Dogecoin rebounds from $0.0800 as ETF outflows keep downside risks in focus

October 14, 2026
Next Post
XRP rebounds from .32 as Standard Chartered adds RLUSD custody

XRP rebounds from $1.32 as Standard Chartered adds RLUSD custody

BitMEX Sued in UK for Return of M in Bitcoin Over Unlicensed Derivatives

BitMEX Sued in UK for Return of $27M in Bitcoin Over Unlicensed Derivatives

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter Instagram Youtube RSS
Blockchain 24hrs

Blockchain 24hrs delivers the latest cryptocurrency and blockchain technology news, expert analysis, and market trends. Stay informed with round-the-clock updates and insights from the world of digital currencies.

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Blockchain Justice
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Web3

SITEMAP

  • About Us
  • Advertise With Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Blockchain 24hrs.
Blockchain 24hrs is not responsible for the content of external sites.

  • bitcoinBitcoin(BTC)$81,530.000.31%
  • ethereumEthereum(ETH)$2,385.36-0.26%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$717.250.27%
  • rippleXRP(XRP)$1.300.42%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$103.200.26%
  • tronTRON(TRX)$0.333035-0.07%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.085.10%
  • zcashZcash(ZEC)$1,110.13-1.08%
No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
Crypto Marketcap

Copyright © 2024 Blockchain 24hrs.
Blockchain 24hrs is not responsible for the content of external sites.