The Pi Network, a mobile-based crypto mining platform, has invited developers to join its ecosystem and build new applications. The team stated that developers would have access to the network’s extensive user base of 47 million and would be able to onboard easily without needing blockchain and crypto-specific programming language or experience. The project also announced new application updates to improve overall performance and introduced a new tag on its Fireside Forum.The Pi Network token price is currently consolidating after rallying to new multi-month highs. It has formed a bullish technical setup called the Ascending Triangle, with a potential price target of $85.3. Additionally, the recent rally resulted in the Pi Network token’s 20-day EMA moving above its 200-day EMA, forming a bullish pattern called the Golden Cross.However, bears remain active near the $60.2 resistance, and the relative strength index for PI coin is overbought. If the rally fails, the Pi Network token price might drop to the support level near $45.2 or the 200-day EMA support near $37.2 before recovering.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Asia
Countries	🇮🇳
Sentiment	positive
Relevance Score	8
People	None
Companies	Fireside Forum, Pi Network, Golden Cross, Ascending Triangle, Web 3.0
Currencies	Ethereum, Bitcoin, Plian
Securities	None