Pi price prediction: Will protocol upgrades support a reversal? PI plunges below SMA-20

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Pi drops 7.48% today to $0.1876

Highlights

Pi Network introduced its Token Launchpad and DEX on testnet, with mainnet deployment planned after community feedback and testing.
Protocol 20 upgrade on Pi Mainnet enabled smart contract support and DApp growth, increasing Pi Coin collateralization and reducing liquid supply.
Technically, PI faces sustained seller pressure and high volatility, with likely short-term trading between $0.1800 and $0.2250 and a higher risk of further declines.

Product rollout and DApp collateral reduce supply amid demand, despite selling

On March 21, 2026, Pi Network released the first version of its Token Launchpad on testnet, enabling users and developers to create and test tokens in a risk-free environment; this is to be deployed on mainnet following testing and community feedback. The Pi Mainnet upgraded to Protocol 20, introducing smart contract support and allowing decentralized application development and deployment directly on the Pi blockchain. As more DApps are launched, Pi Coin has been locked as collateral to issue custom tokens, reducing circulating supply and emphasizing its utility in the ecosystem. Development of Pi Network’s DEX and Launchpad on testnet continued, with ongoing preparations for mainnet rollouts as demand for Pi grew due to DApp collateral requirements, though price action has remained under broader selling pressure.

Mixed momentum and strong volatility reinforce weakness near technical lows

At $0.1876, PI trades below both the SMA-20 ($0.2022) and SMA-200 ($0.2227), signaling ongoing seller pressure in the short and long term, but remains above the SMA-50 ($0.1775), suggesting medium-term support. The Ichimoku Kijun at $0.2291 sits above the current price, acting as immediate resistance. Momentum signals are mixed: the D1 MACD points to strong upside while the ADX confirms a directional trend, but the AO signals downside and both the RSI and CCI hover near neutral. Stoch RSI and intraday RSI readings show no clear overbought or oversold conditions, though BBP registers a strong buy, indicating brief buyer dominance intraday. The price dropped sharply by 7.48% since the previous close, with no gap at the open, and currently sits near today's lows, showing high volatility and clear pressure after the session start. These daily losses diverge from some bullish momentum readings, emphasizing current weakness despite underlying buyer attempts.

Further downside risk as volatility band favors bearish breakout

The expected price range for the next 5 trading days is $0.1800 to $0.2250, representing a typical volatility band relative to current levels. There is a very low probability (less than 20%) of a sustained price increase, making a further decline much more likely in the short term. The baseline scenario is for PI to remain trapped in a sideways corridor; a bullish move would require reclaiming resistance near $0.2290, while a bearish scenario could see the price slipping toward the $0.1800 support if selling continues.

Anton Kharitonov, analyst at Traders Union, sees persistent seller pressure on Pi despite technical upgrades and ecosystem developments. Mixed momentum indicators and a sharp daily loss signal caution. He believes price is likely to stay rangebound between $0.1800 and $0.2250 with limited upside unless resistance at $0.2290 is reclaimed. "I remain cautious here — as long as PI stays below the $0.2290 resistance, the downside risk prevails."

Earlier, analysts noted that Pi was experiencing mixed technical momentum and persistent resistance, leading to a cautious outlook. The latest sharp selloff and sustained pressure below key moving averages underline a weakening bias, making a retest of the $0.1800 support level a crucial near-term risk for traders to monitor.

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.