Pi rises 8.28% as mainnet upgrades boost developer activity and on-chain utilities

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Pi jumps 8.28% today to $0.2025

Highlights

Pi Network upgraded its Mainnet to Protocol 20, enabling smart contracts and decentralized application development across its ecosystem.
The project is advancing toward a full Mainnet launch, prioritizing security, scalability, and community-driven token distribution via a merit-based model.
Technicals show $PI in a volatile, bullish intraday phase with a projected range between $0.1860 and $0.2290, but momentum indicators warn of higher risk for a downside move.

Utility expansion accelerates as Pi upgrades mainnet and boosts developer tools

Pi Network has upgraded its Mainnet to Protocol 20, introducing smart contract functionality and enabling developers to build decentralized applications and advanced token management systems. The launch of the Pi Launchpad on Testnet and Pi App Studio on Mainnet supports growth in utility-focused tokens and real-world application development. The project is nearing the final stage of transitioning from Testnet to Mainnet, prioritizing security, scalability, and broadened user adoption. The Pi Launchpad now features a merit-based token allocation model to increase engagement from active community members.

Conflicting momentum signals as sellers cap gains below resistance

MACD gives a strong buy signal for PI and ADX confirms strong trend strength, but RSI at 49.65 and Stoch RSI in oversold territory present mixed momentum signals and suggest buying has become exhausted. The Bull/Bear Power indicator (BBP) highlights seller dominance on the daily timeframe, while the Awesome Oscillator shows neutrality and a flat CCI reflects indecision. The Ichimoku Kijun level at $0.2270 provides immediate resistance above the current price.

Sideways price action likely as breakout risks remain limited

Over the next five trading days, PI is expected to trade within a typical volatility band between $0.1860 and $0.2290. There is a low probability (less than 20%) of a sustained breakout, making a sideways move in this corridor the baseline scenario. A bullish case would require a breakout above the $0.2270 resistance, while a drop below $0.1860 support would signal a bearish shift, likely driven by continued seller momentum and subdued weekly MACD and RSI signals.

Anton Kharitonov, expert at Traders Union, highlights that PI has shown medium-term bullish momentum on the back of recent protocol upgrades but faces key resistance in the longer term. He notes that technical signals are mixed, with strong trend strength offset by signs of exhausted buying and persistent seller dominance. The corridor between $0.1860 and $0.2290 is likely to hold, with breakout probability low. "Until PI breaks decisively above $0.2270, I remain cautious and do not trust any upside moves here."

Earlier, analysts noted that Pi faced persistent selling pressure and lacked a clear bullish reversal despite ongoing ecosystem improvements. The current setup—marked by medium-term bullish momentum but mixed signals from oscillators—reinforces a cautious near-term outlook, making the $0.2270 resistance level pivotal for any potential breakout.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.