Pi falls 10.00% as price tests $0.173 support after recent breakdown

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Pi slides 10.00% to $0.178 today

Highlights

Pi Network finalized its mainnet Protocol 22.1 upgrade, enforcing node compliance and paving the way for Protocol 23 integration.
Project visibility rose with founders speaking at Consensus 2026 and surpassing 1 million verified users completing 526 million KYC validations.
PI shows short-term strength but remains under medium-term selling pressure, with downside risk dominating and a probable 5-day trading range of $0.165 to $0.192.

Market visibility rises as upgrade milestone met amid selling pressure

Pi Network completed the Protocol 22.1 mainnet upgrade by April 27, 2026, which enforced node update compliance and disconnected non-compliant nodes in preparation for Protocol 23. The project’s founders were confirmed as speakers at Consensus 2026 Miami, increasing project visibility within the crypto industry. More than 1 million verified users have conducted over 526 million KYC validation tasks, supporting mainnet migration and enabling potential future token movement to external exchanges. Pi Network’s market capitalization surpassed $2 billion following these technical milestones, though price action has remained under broader selling pressure.

Divergent momentum as sell signals and resistance cap consolidation

PI is consolidating between the following technical levels: just above the MA-20 at $0.1735 and pinned under resistance near the MA-50 at $0.1813, with the MA-200 much higher at $0.1977. The Ichimoku Kijun sits at $0.1815, setting immediate resistance, while strong sell signals persist on the Stoch RSI. CCI readings indicate that PI remains overbought even after the session's sharp drop. Momentum signals diverge: MACD and ADX reflect lingering positive trend strength, but the session’s final trade near daily lows and high volatility signal a short-term reversal, with Bull/Bear Power (BBP) showing buyers still hold limited intraday advantage.

Limited upside prospects as range-bound trading dominates outlook

For the next five days, PI is expected to trade within the $0.165 to $0.192 volatility band relative to current levels. The probability of an upside move is low, with less than a 20% chance of a sustained increase. The base scenario is sideways consolidation between support at $0.173 and resistance near $0.182. If PI breaks above $0.182, a move toward $0.192 could follow should buyers regain momentum. Conversely, a drop below $0.173 could bring further downside to $0.165 or lower if selling persists.

Viktoras Karapetjanc, senior analyst at Traders Union, sees Pi Network strengthening its position after the mainnet upgrade and strict compliance measures. He believes institutional interest may grow, as over 1 million users have already taken part in KYC and the project's market cap now exceeds $2 billion. While price action is under pressure, the long-term outlook is improving due to robust fundamentals and growing recognition in crypto circles. "If buyers hold support above $0.173 and network momentum persists, Pi could soon attract broader market participation," he concludes.

Earlier, analysts noted that Pi was experiencing ongoing selling pressure despite recent protocol upgrades and technical improvements. With momentum signals diverging and volatility remaining elevated after the latest mainnet update, traders should monitor whether Pi can maintain support above $0.173 as a sustained break below this level could open further downside risk in the near term.

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.