Pi falls over 11% as sellers dominate amid Protocol v27 upgrade and regulatory concerns

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Pi slides 11.00% today on weak sentiment

Highlights

Pi Network adopted Protocol v27 with public RPC access for developers, keeping futures open interest near $10 million.
The ecosystem waits for full decentralized exchange features to activate, with ongoing regulatory uncertainty around the CLARITY Act.
PI/USD remains under selling pressure, trades below key moving averages, and is expected to range from $0.0819 to $0.092 in the next five days.

Stable futures interest amid developer access expansion and retail demand

Pi Network implemented Protocol v27, introducing public RPC access for developers, and futures open interest remained steady at around $10 million. The ecosystem awaits the activation of full decentralized exchange capabilities, amid persistent regulatory uncertainty related to the CLARITY Act. These developments were accompanied by firm retail demand, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, notes the pronounced downside in PI, with technical factors and weak sentiment intensifying selling pressure. He highlights persistent regulatory risks from the CLARITY Act and questions the durability of retail demand given the asset's sub-average trajectory. Kharitonov sees little evidence of near-term reversal with critical moving averages breached and oscillators still flashing caution. He remains wary of further breakdown if buyers lose the $0.086 floor. "The risk is skewed lower — any rebound attempts are likely to remain short-lived unless regulatory clarity emerges and sellers relinquish control."

Viktoras Karapetjanc, expert at Traders Union, views the Protocol v27 upgrade as a key catalyst for future ecosystem development. He places confidence in robust retail interest supporting price stability even amidst regulatory questions. Karapetjanc believes decentralized exchange activation could re-ignite bullish momentum and broaden adoption. He sees the recent move as an opportunity, with the technical structure offering attractive setups for proactive traders. "Despite short-term weakness, the bullish structure remains largely intact and further growth is expected as the protocol evolves and clarity improves."

Jainam Mehta, market strategist, notes that PI’s price action is constrained within a defined range after recent losses. He observes a divergence between oversold technical readings and pockets of underlying buy interest. Mehta suggests that this could create a tactical opportunity for contrarian entries if the price holds above $0.086 in the coming sessions. "Traders should watch for a potential breakout above $0.0887, as sideways consolidation here may set up a low-risk reversal play."

Bearish momentum persists despite mixed signals and oversold readings

PI/USD is trading below the MA-20 at $0.0942, the MA-50 at $0.0904, and the MA-200 at $0.137, indicating sellers control the short-, medium-, and long-term trends. The near-term ceiling is set at $0.0887, with support at the near-term floor of $0.086, and the MA-50 vs MA-200 alignment confirms a bearish bias. Momentum indicators offer mixed signals. The Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) hint at underlying buy interest, but the Relative Strength Index (RSI) stands at 46.14 with a sell forecast and the Stochastic RSI registers oversold. The Commodity Channel Index (CCI) and Awesome Oscillator are both neutral, while the Bull/Bear Power (BBP) signals buyers' slight dominance, though with an oversold tone. PI/USD is currently at $0.0869 after a daily drop of 11%, following a downside gap of about $0.0067 or 6.86%. The price is near the session low with intraday volatility at 5.81%. There is continued pressure after the open, and the divergence between oversold oscillators and still-active momentum needs close monitoring.

Earlier, analysts noted that ongoing technical and selling pressures maintained a bearish outlook for Pi despite recent network upgrades. The current analysis reinforces this view, highlighting that near-term consolidation remains likely, with downside risk prevailing should support at $0.086 give way.

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

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