Pi Network Reports KYC Growth and Protocol Upgrades
- KYC User Growth: Pi Network confirmed that over 18.1 million users completed KYC verification, with 16.7 million migrating to Mainnet, reflecting ongoing identity checks that enhance user trust and engagement within the ecosystem.
- Protocol Version Upgrades: The team upgraded from version 19.6 to 22 and plans to launch version 23 on May 19, which not only expands network capabilities but also lays the groundwork for future smart contract development, thereby enhancing overall technical strength.
- Market Performance Analysis: As of May 14, the PI token traded at approximately $0.17, recording a 6% weekly decline, indicating a cautious market sentiment despite ongoing network updates, as the price remains below the $0.20 threshold.
- Exchange Holdings Overview: Data shows that exchange-held PI tokens approached 540 million, with Gate.io holding over half, indicating a trend of increased readiness for trading activity as users shift from self-custody wallets to centralized platforms.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) 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 AI 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, AI 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 $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00512 | 0.0138 | 0.0198 | 0.0285 | 0.0345 | 0.0432 | 0.0492 |
| Fibonacci | 0.0138 | 0.0194 | 0.0229 | 0.0285 | 0.0341 | 0.0376 | 0.0432 |
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