Pi Network Confirms 421,000 Active Mainnet Nodes Ahead of Protocol 23 Upgrade
- Node Count Milestone: Pi Network has confirmed 421,000 active mainnet nodes, positioning it among the largest validator networks in the Layer 1 blockchain space, reflecting strong global user engagement and enhancing the network's decentralization.
- Token Migration Success: Over 10 billion PI tokens have successfully migrated from the testnet to the mainnet, indicating active community participation and bolstering the ecosystem's vitality and scalability.
- Upcoming Protocol 23 Upgrade: The anticipated Protocol 23 upgrade will unlock full smart contract functionality, allowing decentralized applications and DeFi protocols to be built and deployed directly on Pi Network, thereby enhancing its competitiveness against established Layer 1 networks.
- Infrastructure Readiness: The combination of 421,000 active nodes and the substantial token migration provides a solid foundation for the implementation of Protocol 23, ensuring the network can support smart contract operations at scale and drive its next phase of development.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000179 | 0.000204 | 0.000219 | 0.000244 | 0.000259 | 0.000284 | 0.000299 |
| Fibonacci | 0.000204 | 0.000219 | 0.000228 | 0.000244 | 0.000259 | 0.000268 | 0.000284 |
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