PI coin's price is currently stalling near the 50-day Exponential Moving Average (EMA) at $0.1771, following a rejection at the $0.1919 resistance level. Recent data from PiScan indicates that approximately 4.37 million PI coins were deposited to Know Your Business (KYB)-verified centralized exchanges within 24 hours, suggesting significant profit-taking activity. The Pi Network recently celebrated the first anniversary of its Open Network, highlighting achievements such as ecosystem token development, KYC as a service, and AI integration. Founders Chengdiao Fan and Nicolas Kokkalis emphasized the network's focus on stability and compliance, with over 16 million users verified on the Mainnet. The team plans to enhance token utility and governance as the network scales. Technically, PI coin experienced a 40% rebound starting February 12, but faced resistance at $0.1919, leading to a 5% decline. The coin is now testing the 50-day EMA, with momentum indicators showing cooling demand. A break below this level could target $0.1533, while a recovery would require reclaiming $0.1919.