Pi Network's Upcoming Upgrade Faces Delay Risks
- Protocol Update Progress: Despite facing price challenges for the underlying asset and community uncertainty, the Pi Network Core Team continues with scheduled protocol updates, with the latest version 25 set for implementation on June 18, requiring all Mainnet nodes to complete the update by the deadline to remain connected.
- Historical Update Review: Since February, Pi Network has undergone multiple protocol updates, including versions 19.6, 19.9, 20.2, 22, and 23, most of which were implemented on time, boosting community confidence; however, the implementation of version 24 was delayed due to multiple subsystem upgrades, marking it as one of the most challenging updates to date.
- Version 24 Successfully Implemented: Despite facing numerous issues, the team successfully completed the implementation of version 24 in early June, demonstrating their technical capabilities and ability to tackle complex problems.
- Uncertainty for Future Updates: The team cautions that the deployment of version 25 may face similar delays as version 24, and while community anticipation for updates is high, this uncertainty could impact user confidence and network activity.
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Technical Analysis for RECALL
Technical Sentiment Analysis for Recall (RECALL). As of , Recall (RECALL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for RECALL 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, RECALL 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 $-.
Recall (RECALL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0278 | 0.0307 | 0.0332 | 0.0361 | 0.0386 | 0.0415 | 0.044 |
| Fibonacci | 0.0307 | 0.0327 | 0.034 | 0.0361 | 0.0381 | 0.0394 | 0.0415 |
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