Will Pi extend gains as protocol v25 upgrade introduces cryptography and privacy features?

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Pi surges 7.92% as upgrade nears

Highlights

Pi Network will release Protocol v25 on July 22, adding BN254 cryptography and zero-knowledge proof support for privacy-focused smart contracts.
The upgrade will launch first on testnet, targeting enhanced privacy and network stability, fueling user and developer anticipation.
PI/USD trades with short-term positive momentum but faces long-term bearish pressure, expected to consolidate between $0.0723 and $0.0855 over the next 2–3 days.

Privacy-focused upgrade boosts network sentiment ahead of deployment

The Pi Network has announced that its Protocol v25 upgrade will roll out on July 22, introducing BN254 cryptography, Poseidon hashing, and support for zero-knowledge proofs as detailed by Coinpedia. This upgrade is expected to bring privacy-focused smart contract functionality and further improve network stability, starting first on the testnet before future deployment to the mainnet. These enhancements have driven renewed user and developer anticipation, setting a constructive tone ahead of the scheduled upgrade.

Bullish bias persists despite neutral signals and overbought risk

PI/USD has moved above the 20-period ($0.0766) and 50-period ($0.0783) moving averages but remains well below the long-term 200-period moving average at $0.1645. The immediate support is defined by the Ichimoku Kijun at $0.0761. On the hourly chart, both the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) reflect neutral momentum, while the Relative Strength Index (RSI) indicates a buy signal and the Commodity Channel Index (CCI) as well as Stochastic RSI are positioned in overbought territory, suggesting a near-term risk of pullback. Bull/Bear Power shows ongoing buyer dominance, and the Awesome Oscillator aligns with this bullish intraday momentum, but the divergence between price outperformance and neutral momentum warrants caution.

Sideways trading expected amid breakout and pullback scenarios

In the coming 2–3 trading days, PI/USD is likely to fluctuate within the $0.0723 to $0.0855 volatility band relative to current levels. The probability of continued upside stands at 67%, while a downside move is much less likely. Sideways consolidation is the base case; a breakout above $0.0855 would favor a bullish extension, while failure of support at $0.0761 could trigger a short-term pullback.

Viktoras Karapetjanc, Traders Union expert, sees the PI/USD setup as fundamentally constructive. He believes the Protocol v25 upgrade and scheduled rollout are fueling positive sentiment and renewed attention from users and developers. The analyst notes that short-term momentum is supported by the news flow, but he remains attentive to near-term volatility risks. "With fundamentals aligning and market participants showing strong anticipation for the upcoming upgrade, I expect buyers to retain the upper hand into the event window."

Earlier, analysts noted that Pi faced significant bearish pressure due to persistent selling momentum and lingering concerns over future token unlocks. The current technical rebound, supported by anticipation around the Protocol v25 upgrade and improved short-term momentum, introduces a potential inflection point, making sustained closes above the $0.0855 resistance key for confirming a medium-term trend shift.

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.