What is behind Pi Network recent gain in value today

Traders Union
All News
Crypto
Pi Network surges 10.67% today

Highlights

Pi Network mandated a mainnet node upgrade to version 19.6, with a final migration deadline set for February 15, 2026, targeting enhanced reliability, scalability, and security.
The network unlocked 59.4 million PI tokens to test stability and increase circulating supply, while distributing pending staked Pi refunds to verified users.
PI price ($0.1515) trades below MA-20, MA-50, and MA-200; nearest resistance is $0.1674, with a bearish outlook unless support at $0.1430 holds.

Token unlocks and node upgrade as Pi pivots network strategy

Pi Network has initiated a mandatory mainnet node upgrade, announcing a final migration deadline of February 15, 2026 for operators to transition to version 19.6, and planning additional updates soon after. The upgrade aims to improve network reliability, scalability, and security as Pi shifts from mobile mining to desktop nodes under the Stellar Consensus Protocol. The network has also started unlocking 59.4 million PI tokens to test stability and increase circulating supply, while distributing pending staked Pi refunds to verified users, supporting continued ecosystem engagement.

Anton Kharitonov, expert at Traders Union, points out that PI continues to show pronounced weakness, with the price failing to break above any key moving averages. He views the persistent downside momentum and lack of confirmed support as indicative of a broader structural issue for the token. The recent mainnet node upgrade and token unlock are unlikely to reverse the bearish trend on their own, in his view. Oscillators showing oversold conditions offer a slim chance for a short-term corrective bounce. "Until PI reclaims the $0.1674 resistance decisively, I see ongoing downside risk and recommend defensive positioning."

Viktoras Karapetjanc, expert at Traders Union, believes the launch of Pi Network's mainnet upgrade is a significant step for long-term viability. He notes that increasing the circulating supply and refunding staked tokens will incentivize user engagement and strengthen network confidence. Despite current price weakness, the underlying ecosystem improvements provide a foundation for renewed bullish sentiment. "With the mainnet upgrade and scalability focus, I expect further growth for PI as the project attracts broader attention."

Parshwa Turakhiya, analyst, sees short-term volatility dominating PI as today’s strong rebound meets an entrenched downtrend. He notes that oversold daily indicators may drive quick sentiment-driven opportunities, but price action remains capped below key technical barriers. There is no clear momentum for a sustained reversal yet. "Traders should watch for breakouts above $0.1674 or sharp drops below $0.1430 — this range will define the next short-term setup for PI."

Bearish momentum persists amid oversold signals and rebound volatility

The current price of PI ($0.1515) is trading below the MA-20 ($0.1566), MA-50 ($0.1846), and MA-200 ($0.2570), which confirms persistent downward pressure across the short, medium, and long-term trends. Nearest dynamic resistance is now located around the Ichimoku Kijun level at $0.1674, with no confirmed major support level from these indicators on the daily chart. Momentum indicators offer a mixed picture: MACD and ADX both indicate a bearish setup, but oversold signals are strong, with the daily RSI at 25.4 and CCI oversold. Stoch RSI signals a strong buy, while BBP suggests sellers still dominate intraday action. The Awesome Oscillator remains neutral. Price surged 10.67% today ($0.0146 up), opening slightly below the previous close (no gap) and is currently trading near today’s high in a wide range, pointing to high intraday volatility and strength toward session highs. Divergence between oversold oscillators and bearish trend momentum suggests today’s rebound may be corrective rather than a sustainable reversal.

Last time, analysts noted that Pi is trading below major moving averages, with persistent bearish momentum underscored by weak MACD and ADX readings and a notably oversold RSI. Despite occasional intraday buying, downside risk remains elevated with key resistance at the Ichimoku Kijun level and no clear support below, as technicals collectively point to consolidation or further declines.

Source of Data: PI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.