Pi Network Launches Smart Contract Capabilities Amid Mixed Community Reactions
- Smart Contract Launch: The Pi Network team announced that its first smart contract capability is now live on the Testnet, aiming to drive on-chain applications in e-commerce, streaming, and other utility-driven use cases, thereby enhancing the overall ecosystem.
- Community Feedback Mechanism: The team released the second Pi Request for Comment (PiRC2), encouraging community members to technically review and provide feedback on the Testnet subscription smart contract, aiming to increase user engagement and foster interaction between developers and users.
- Weak Price Performance: Despite a recent market resurgence, the price of Pi Network's native token remains around $0.17, down nearly 95% from its all-time high of $3 in early 2025, indicating a lack of market confidence.
- KYC Issues to Address: There are mixed feelings within the community regarding the new features, with many users urging the team to prioritize resolving long-standing issues like KYC verification and mainnet migration to enhance user trust and participation.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0546 | 0.0574 | 0.0601 | 0.0629 | 0.0656 | 0.0684 | 0.0711 |
| Fibonacci | 0.0574 | 0.0595 | 0.0608 | 0.0629 | 0.065 | 0.0663 | 0.0684 |
About MAJOR
About the author
