Protocol V23 upgrade lifts Pi to 7.37% daily gain

Traders Union
All News
Crypto
Pi jumps 7.37% today to $0.1826

Highlights

Pi Network has set its Protocol V23 upgrade for May 18, 2026, to introduce smart contracts and a decentralized exchange.
Ongoing development includes Soroban-based paid subscription and recurring payment systems, accelerating the shift toward a comprehensive Web3 and DeFi ecosystem.
PI trades in a volatile range between $0.1640 and $0.2000, with technical signals favoring consolidation near current levels and a higher probability of a pullback.

Web3 transition accelerates as Protocol V23 upgrade and Soroban development advance

Pi Network has scheduled its Protocol V23 upgrade for May 18, 2026, which will introduce smart contracts and a native on-chain decentralized exchange (DEX). Recent GitHub activity confirms ongoing development of smart contracts for paid subscriptions and recurring payment systems using Soroban technology. This multi-phase upgrade shifts the project toward a Web3 ecosystem, aiming to unlock decentralized application and DeFi capabilities while expanding developer participation.

Trader indecision persists as high volatility contrasts with mixed oscillators

Momentum signals on the D1 chart remain mixed: while MACD is in 'Strong Sell' zone, the ADX is low and neutral, indicating a weak trend. RSI is neutral but flags 'Sell,' with Stoch RSI registering extreme overbought conditions at 100. CCI remains neutral, but BBP favors buyers intraday. The Awesome Oscillator stays neutral. Today's session opened with a modest upward gap, trading near the high of a $0.1707 – $0.1838 band, reflecting strong intraday volatility and continued buyer strength. Oscillator divergence highlights market uncertainty, but BBP and price action indicate buyers are prevailing so far.

Consolidation favored as resistance limits upside and breakout risk remains low

In the short term, PI is expected to fluctuate within a typical volatility band of $0.1640 – $0.2000, centering near current price levels over the next five days. Based on D1 and W1 indicators, there is a low probability (less than 20%) of further price increases, making a consolidation or gradual decline within this range more likely. If the $0.1850 – $0.1860 resistance is broken, a push towards $0.2000 may develop. Alternatively, a drop below the $0.1710 – $0.1700 support zone could prompt a retracement back to $0.1640.

Viktoras Karapetjanc, expert at Traders Union, sees Pi Network's technical setup as constructive, with price resilience above short-term moving averages and visible buyer strength. The upcoming Protocol V23 upgrade and active development work reinforce a high-conviction fundamental case for long-term innovation and adoption. He notes that although near-term indicators are mixed, macro sentiment and the Web3 pivot support a positive outlook. In his view, momentum could accelerate if $0.1860 resistance is broken, but the base case remains a consolidation phase. "With active development and major upgrades ahead, I expect Pi to attract growing investor confidence and see any dips towards $0.1700 as potential buying opportunities."

Earlier, analysts noted that Pi was facing persistent selling pressure and a broadly cautious outlook. While recent price action shows improved buyer participation and new protocol developments could support future gains, traders should monitor the $0.1850–$0.1860 resistance zone as a potential trigger for the next directional move.

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.