Pi Network Launches Two-Factor Authentication to Improve Security
Pi Network (PI) Update
- Pi Network has launched two-factor authentication (2FA) to enhance security and facilitate the migration of PI tokens to the mainnet blockchain.
- Users must link a verified email address to set up 2FA, which will be used for account recovery and wallet confirmations.
- The community has welcomed this security measure, addressing previous concerns about vulnerabilities.
PI Price Movement
- PI token has experienced a 23% decline over the past week, with a market capitalization below $7.74 billion, dropping from 11th to 17th among cryptocurrencies.
- A symmetrical triangle pattern on the 15-minute chart indicates a potential breakout.
- A breach above $1.20 may lead to price movement toward $1.25–$1.30; failure to break resistance could test support at $1.10 or lower.
- Upcoming release of 129 million Pi coins raises concerns about further price declines.
PI Price Analysis
- The 4-hour chart shows an RSI of 28.90, suggesting oversold conditions, indicating possible rebound if buying interest increases.
- Bollinger Bands indicate price nearing lower Band support at $1.03, with potential upward movement toward middle Band at $1.28.
- Continued uncertainty in price due to limited exchange availability; community is awaiting Binance listing confirmation.