Pi Network Confirms Protocol 22 Upgrade, Targets Smart Contracts in May
- Protocol 22 Overview: Pi Network has confirmed a Protocol 22 upgrade scheduled for May, targeting enhancements in smart contract functionality and real-world asset tokenization, which signifies an expansion of the network's technical capabilities and is expected to attract more developers and users.
- Infrastructure Development: This upgrade represents a significant step in the development of Pi Network's infrastructure, as the project team actively works to enhance its node infrastructure to support a fully functional mainnet ecosystem, thereby improving the network's overall competitiveness.
- Smart Contracts and Asset Tokenization: The support for smart contracts will enable developers to build decentralized applications on the Pi Network blockchain, while real-world asset tokenization aligns with current trends in the crypto market, potentially attracting attention from regulators and institutional investors.
- Risks and Monitoring Indicators: Despite the clear upgrade plans, the risks associated with execution and delivery remain, prompting investors to monitor testnet milestones, developer documentation, and third-party audit results ahead of May to assess the project's actual progress.
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Technical Analysis for THE
Technical Sentiment Analysis for THENA (THE). As of , THENA (THE) 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 THE 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, THE 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 $-.
THENA (THE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0906 | 0.0941 | 0.0976 | 0.101 | 0.105 | 0.108 | 0.112 |
| Fibonacci | 0.0941 | 0.0968 | 0.0985 | 0.101 | 0.104 | 0.105 | 0.108 |
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