- Pi Network coin price gave a bearish breakdown below the $0.16 support, signaling a risk of 15% drop ahead.’
- Pi network introduces Pi App Studio for developers and non-technical users to transform their external app to fully compatible Pi application to boost visibility and connectivity with users.
- Protocol 23, activated on May 18, has converted Pi’s mainnet into a programmable layer-1 blockchain.
Pi, the native cryptocurrency of the Pi Network ecosystem is trading at $0.152 on Monday, registering an intraday of 1.87%. This pullback, aligns with broader market pullback as Bitcoin extends its correction below $77,000. However, the Pi coin price shows resilience above the $0.15 support with a long-tail rejection candle. The underlying buying pressure is linked to key technical updates to expand its ecosystem for developers and users.
Pi Network Adds Smart Contracts with Protocol 23 and Launches App Studio
Pi Network’s team has announced two major technical updates to expand developer engagement and enhance its blockchain’s infrastructure. With over 60 million active Pioneers, the project has announced Pi App Studio—a tool that enables external applications to plug into the Pi ecosystem.
Whether you’re a professional developer or someone with less technical expertise, the studio can handle a variety of creators. Users can create early versions of applications on external AI coding platforms like Anthropic’s Claude, OpenAI’s Codex, Replit, Cursor, and Lovable. These can then be converted using Pi App Studio to be used with the Pi network, sometimes within minutes.
This process targets a persistent challenge in software development. While prototyping has been accelerated by AI tools, the distribution, user acquisition, payments and identity management are still significant challenges. By connecting to Pi’s existing user base, payment systems, verified identities and decentralised infrastructure, Pi App Studio empowers creators to skip much of that work and create a connection directly with the verified users ready to receive their products. The result is faster and more efficient from idea to working application in an active environment.
Simultaneously, the network rolls out Protocol 23, the upgrade that will enable Pi to become a programmable layer-1 blockchain with native smart contract functionality. It enables decentralized applications to run directly on the chain, which opens up more use cases and developer tools.
In order to ease the transition, Pi Core Team extended the node upgrade time from 15th May to 19th May. The extension supports an updated release, which emphasizes improving database performance and validator synchronization following migration.
These changes reduce the costs and barriers of entry for smaller teams and independent developers who are exploring the potential of AI for development. The updates will concentrate on functionality and key infrastructure, not on promotion, to encourage real use and activity in the network.
Anyone interested in developing for the Pi App Studio can register via the official channels of the platform. These advancements represent Pi’s evolution from mobile mining to a more powerful blockchain that is ready for a wide range of applications and use.
Pi Network Price Set to Retest Major Support at $0.163
Over the past two weeks, the Pi coin price witnessed a sharp correction from $0.2 to current trading value of $0.152. Amid this pullback, the price breached a key horizontal support at $0.163, signalling a risk of further correction.
However, the coin price may revert below the $0.163 level and seeks this support as potential resistance before the next leg down. The momentum indicators RSI (Relative Strength index) dropped to 30%, indicating the accelerated sell side pressure.
With sustained selling, the Pi Network coin could plunge roughly 14% and retest the bottoms support at $0.13. The horizontal support remained strong during the escalating geopolitical tension in the middle east and bolstered Pi price for recovery of roughly 128%.
