"Pi Network Brief News Overview"

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Today at the Consensus 2025 conference, the Pi Network team officially announced the launch of the Open Mainnet, marking the end of years of closed testing. From this point on, users can freely use PI tokens outside of the closed ecosystem.
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The closure of the central control node and the plan to open the project source code have also been confirmed—these measures aim to achieve complete decentralization of the network. In addition, an ecosystem development fund of $1 million has been launched to support startups in the fields of Web3, artificial intelligence, and fintech.
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Against the backdrop of these messages, the PI token rose by 17.5%, reaching $1.25, while the market capitalization approached $9 billion. However, just a few hours after the speech, the price plummeted sharply—investors began to take profits en masse, and the PI fell below the $1.10 threshold.
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For traders, it is particularly important to closely monitor key technical levels at this time. After a rapid rise and subsequent pullback, the token has been consolidating around the $1.10 mark, which has become an important short-term support level. If you hold this area, you can expect a rebound, but if you break through it, the next major support level is at $1.05. This value has already held the price and may act as support again. The resistance level around $1.20-$1.25 remains critical — this is where profit-taking began after the meeting. If buyers can break through this area, the path will open up to $1.35, which is where a strong level was recorded from March to April.
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Therefore, despite the short-term decline after the "message sales", Pi Network has essentially entered a new development phase. The launch of the Open Mainnet, decentralization, financing of the ecosystem, and rumors about being listed on major exchanges have laid the foundation for the long-term interest of the community and traders.
#April CPI Data Released#