Pi Coin Price Outlook as 3 Major Releases Unlock Utility After 96% Crash

Pi Coin price is up by 0.5% today, July 2, to trade at $0.115 at the time of writing. This slight gain comes after Pi Network announced three releases: SoloHost, Pi Sign-In, and PiVerify that are meant to unlock the token’s utility.

The three network upgrades have led to a slight gain in demand, as shown by the open interest that has moved above $20 million.

Pi Network Announces Three Network Releases

The Pi2Day event took place on June 28, and it was during that event that the Pi Network team launched three features: SoloHost, Pi Sign-In and PiVerify to grow the network’s infrastructure and draw users.

Developers will use the first feature, known as SoloHost, to create AI applications on the Pi Network.

The team also said that the other feature known as Pi Sign-in will be used by users whenever they come to Pi Network to use the dApps that have been created through SoloHost.

The core team also said that PiVerify will verify the identities of the users who come to Pi Network to use the dApps created on the network.

The launch of these three things has caused an increase in buying activity around Pi Coin, and this has led to the price rising by 0.5% today, July 2.

Pi Coin Price Outlook as Bearish Pressure Fades

Pi Coin price is trading with a rising parallel channel after moving from the all-time low of $0.110 on June 30 to $0.117 on July 7.

This rising channel suggests that bulls have a good grip, and as buying pressure continues to rise, the price of Pi Coin might move to the next obstacle at $0.118.

The AO bars that are green and shrinking in size also show that bears are losing their grip, and Pi Network could move to the psychological resistance at $0.12.

But the RSI reading of 41 supports a bearish long-term Pi Network price forecast. If these bears tighten their grip and the buying pressure that pushed the price from $0.110 to $0.118 fades, PI could move below the support level of $0.112.

However, the broader crypto market is moving up today, July 2, with Bitcoin, Ethereum, and XRP registering gains after a dovish speech made by Fed Chair Kevin Warsh raised hopes that there will be no rate hikes in 2026.

The reduced possibility of the Fed hiking rates has increased the appetite for risk assets like Pi Coin, and buying pressure could resume and push the price up to the June 27 high of $0.13.

Pi Coin’s Open Interest Signals Rising Demand

Data from Coinalyze shows that the OI for Pi Coin has increased from $18.66 million to $20.58 million.

This OI of $20.58 million shows that demand is rising. This OI is also rising alongside the price, suggesting that long buyers are the ones opening new positions on Pi Coin, and this could help the price to rise.

However, this OI is still far below the May 6 high of $35.42 million, suggesting that the current level of demand is still too weak to move Pi Coin price to the price of $0.299 seen in March 2026.