Pi falls around 8.5% as sellers dominate short-term trend

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Pi drops 8.51% today to $0.1027

Highlights

Pi Network is implementing a mandatory mainnet protocol upgrade to enhance network security, performance, and synchronization amid its Web3 expansion plans.
Despite strategic protocol improvements, Pi price remains pressured by pervasive selling, with limited immediate positive impact on investor sentiment.
Technicals signal a strong bearish trend, with oversold conditions and projected range at $0.1005 to $0.1057, as further downside remains most likely.

Protocol upgrade drives network stability but market impact muted

Pi Network is urging its Mainnet Node operators to upgrade to Protocol v25, a move designed to strengthen security, stability, performance, and synchronization across the network, according to Hokanews. These protocol improvements are positioned as essential as the Pi ecosystem readies itself for wider Web3 participation, targeting greater adoption and technical robustness. While this upgrade lays groundwork for long-term reliability and scalability, its immediate effect on market sentiment appears limited, as broader selling pressure continues to shape price action.

Oversold signals intensify as technical resistance caps rebound

PI is trading below the 20-day ($0.1095), 50-day ($0.1113), and 200-day ($0.1698) moving averages, with the Ichimoku Kijun level at $0.1079 serving as immediate resistance. Momentum indicators remain negative, with both the Moving Average Convergence Divergence (MACD) and the Average Directional Index (ADX) on Sell signals. The Relative Strength Index (RSI) is deeply oversold at 15.16, joined by Stochastic RSI and Commodity Channel Index (CCI) readings in oversold territory. Bull/Bear Power signals dominant seller pressure intraday, and the Awesome Oscillator aligns with the ongoing downtrend.

Breakout risk low as downside pressure dominates short-term outlook

Over the short term, PI is likely to remain contained within a trading range of $0.1005 to $0.1057. The probability of an upward reversal is minimal under current conditions, while further downside carries a high probability. An upward scenario would only be triggered by a breakout above resistance at $0.1079, whereas a decisive break below $0.1005 would signal a new bearish leg.

Viktoras Karapetjanc, expert at Traders Union, sees the recent protocol upgrade campaign as a necessary foundation for future growth in the Pi Network ecosystem. He believes the current selling pressure is primarily technical and not a reflection of fundamental weakness. The analyst notes that while short-term downside risk remains high, Pi’s focus on Web3 readiness supports a constructive long-term outlook. "If the broader market stabilizes, these network improvements could position PI for a stronger recovery ahead."

Earlier, analysts noted that Pi was facing ongoing downside pressure amid persistent bearish momentum and concerns about increasing token supply. The current technical landscape reinforces this view, highlighting that traders should closely monitor the $0.1005 support level, as a break below it could accelerate further declines.

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.