TLDR
- Kraken Pro launched Pi Perpetual Futures on May 23 with 20X leverage, marking PI Network’s entry into Major Exchange Futures Trading
- PI Network Price currently deals at $ 0.78, a reduction of 27% from target $ 1 and 3% in the last 24 hours
- Technical indicators show mixed signals with MACD remaining Baisse and Sharpe relationship to -6%, indicating weak momentum
- PI Network Ecosystem continues to grow with 60 million users, 19 million KYC accounts and 25 decentralized apps
- Price is facing key resistance to $ 0.87, with potentially recall to $ 0.71 support if hausseartat momentum fails to be realized
The PI network reached a large milestone on May 23 when the Kraken Pro officially listed Pi Perpetual Futures Trading. The new offer gives up to 20x leverage and supports more than 40 security assets.
This development marks PI Network’s first major futures trading availability on a leading exchange. The listing represents an important step for the project’s institutional recognition.
Despite the Kraken list that generates the first optimism, PI price measures have remained muted. Token currently deals with around $ 0.78, which represents a decline of 3% over the past 24 hours.
PI Network touched on short $ 1.60 earlier this month before retiring to current levels. The daily trade volume has dropped over 60% from the latest heights, which indicates reduced market interest.
The price decline comes even when the PI network continues to expand its ecosystem infrastructure. The project now has over 60 million users and 19 million verified KYC accounts over its platform.
Technical analysis shows mixed signals
Technical indicators present a complex image for PI Network’s price prospects. The token remains locked in a declining interval below a falling resistance line between $ 0.73 and $ 0.78.
Diagram analysis reveals a growing falling triangle formation. This pattern often precedes a directional outbreak, although the direction remains uncertain.
The Sharpe relationship is currently in -6%, which indicates a certain baisse -like momentum but not enough to trigger a complete market change. Historical data shows that significant returns usually occur when this relationship reaches -19%.
MACD indicators continue to show baisse -like signals with persistent red bars. The baisse -like crossover pattern suggests that downward pressure may continue in the short term.
Most hourly indicators remain baisse -related according to technical analysts. RSI shows weakness while the volume does not support any meaningful price movements.
Network growth continues despite price weakness
PI Network’s Open Mainnet was officially launched in February and continues to expand. The ecosystem now hosts over 25 decentralized applications with more in development.
Users can enable Pi wallets and participate in app-based transactions. The network gradually allows migration of broken PI coins to the Maine for real use.
The Pi Core team announced plans to allow the transformation of Fireside symbols into Pi coins. This movement can affect supply dynamics and affect future price movements.
PI Network enters the US Market with the Kraken Pro Levage Listing
Kraken Pro has announced eternal futures trade for the PI network’s native token, $ Piallows traders to employ up to 20x leverage. The leverage list allows users from the US to trade Perpetuals Futures for … pic.twitter.com/0nxptd7cme
– Pi Open memory 2025 (@pi_om_2025) May 24, 2025
New reports claim that 12 million tokens were sold from insider -controlled wallets. These sales contributed to a 50% price accident earlier this month.
The network expanded from three to 23 global validator nodes. Critics claim that control remains strongly concentrated among core team members.
PI networks are facing ongoing criticism of openness and decentralization. Many investors are still uncertain whether price movements reflect genuine demand or artificial controls.
Key resistance levels are at $ 0.87, with potential targets of $ 0.96 and $ 1.20 on speed. A breakout over $ 0.78 can confirm haussy speed towards the $ 1 goal.
The support levels remain at $ 0.71, where the price can withdraw if Baissat pressure continues. Gapet of 27% to $ 1 represents a psychological barrier for many investors.
The Kraken Pro’s Futures launch gives PI networks increased legitimacy and trade infrastructure for institutional participants.
