Selling pressure pushes Pi Network price lower in today's trading

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Pi network slides 15.69% today

Highlights

Pi Network's V20.2 protocol upgrade brought active nodes to 421,000, reinforcing blockchain infrastructure and scalability.
Network growth now hinges on expanding real-world use, developer activity, and adoption amid broader selling pressure.
Technical signals show bullish momentum despite short-term overbought conditions, with PI expected to trade within a $0.1900–$0.1980 band as volatility subsides.

Network upgrade boosts node count amid persistent selling pressure

Pi Network completed its V20.2 protocol upgrade, resulting in the network now operating with 421,000 active nodes. After the upgrade, secondary analysis cited ongoing reliance on increased utility, global adoption, developer engagement, and ecosystem expansion for future growth. These network developments were accompanied by broader selling pressure.

Anton Kharitonov, expert at Traders Union, notes the sharp decline in PI price and highlights it remains below the crucial MA-200 level. He sees the recent V20.2 protocol upgrade as insufficient to counteract prevailing selling pressure and believes real adoption is not yet translating into tangible price support. Oscillator readings flag a clear risk of further downside, with momentum and price action now diverging bearishly. He emphasizes the likelihood of volatility persisting as confidence stays weak and technical overextensions unwind. "Until PI demonstrates stronger fundamental demand and breaks above $0.2000 with conviction, I maintain a defensive outlook on any short-term rebounds."

Viktoras Karapetjanc, expert at Traders Union, sees the protocol upgrade and the rise to 421,000 nodes as powerful signals of ecosystem health. He remains confident that global adoption and ongoing development will underpin a bullish structure despite current volatility. Macro sentiment may weigh on the short term, but he believes network fundamentals offer multiple paths for renewed growth. "These milestones confirm further upside is building, and I expect PI to challenge upper bands once the market stabilizes."

Parshwa Turakhiya, analyst, notes mixed technicals as bullish momentum indicators clash with extreme overbought oscillators. He observes that traders face a tactical battleground, with sharp intraday swings and frequent false signals around $0.1900. Short-term risk is high while speculative sentiment remains elevated during this recalibration phase. "I see tactical opportunities for nimble traders, but keeping stops tight below $0.1900 is crucial for capital protection right now."

Bullish momentum defies overbought signals as volatility spikes

Momentum signals on the daily timeframe remain positive, with MACD and ADX both indicating a buy bias and strengthening trend. However, daily RSI and CCI readings are firmly in overbought territory, and the Stoch RSI sits at an extreme high, highlighting stretched conditions that may limit further gains short term. The Bull/Bear Power confirms buyers remain dominant on the day, and the Awesome Oscillator also aligns with upward momentum. PI registered a sharp daily decline of 15.69%, with no significant gap observed between the previous close and today’s open. Currently, the price is trading near the lower end of today's range ($0.2015 — $0.2357), marking high intraday volatility and clear selling pressure after the open. There is a clear divergence, with momentum indicators bullish on the daily chart but most oscillators flagging extreme overbought status, and actual price action currently contradicting the bullish signals by trending sharply lower.

Last time, analysts noted that Pi is trading above its short- and medium-term moving averages but remains under its long-term trend resistance, while momentum indicators like MACD and ADX suggest ongoing bullish conditions. However, overbought signals from RSI and CCI, alongside high intraday volatility and a recent decline, increase the risk of a near-term pullback despite underlying ecosystem development.

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

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