Pi Network upgrade fails to lift PI price: Can $0.084 support hold?

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Pi drops 11.34% today to $0.0863

Highlights

Pi Network will upgrade its mainnet to Protocol 27 on September 15, 2026, enabling advanced smart contract features and automated market maker groundwork.
A minority of the reported 60 million Pi Network users have migrated to the mainnet, limiting immediate network effect and adoption.
PI/USD trades with pronounced bearish momentum and elevated intraday volatility, with expected range $0.084 to $0.0886 and strong downside probability.

Limited price response as user migration lags mainnet upgrade

The Protocol 27 mainnet upgrade for Pi Network is taking place on September 15, 2026, bringing enhanced smart contract functionality, flexible transaction approval, and laying technical groundwork for automated market maker and DEX features. This update includes a shift to the V27 protocol stack, adapting the underlying node software to support new tools. At the same time, Coingape and Coingabbar reported that only a portion of Pi Network’s reported 60 million users have migrated to the mainnet, suggesting that full adoption and network effects may remain limited in the near term. As these changes unfold, the immediate price impact is constrained by the gradual pace of user migration.

Oversold signals dominate as resistance caps short-term momentum

On the H1 chart, PI/USD trades below the MA-20 at $0.0911 and the MA-50 at $0.0949, with the MA-200 above at $0.137. The Ichimoku Kijun line sits at $0.0919—this level forms a nearby resistance barrier. The next support level is found at $0.084. MACD and ADX both signal a sell, while Bull/Bear Power confirms seller dominance intraday. RSI reads 27.88, showing the pair is in oversold territory. CCI also issues a sell call, whereas the Stochastic RSI is neutral and AO (Awesome Oscillator) is likewise neutral, neither strengthening nor reversing the downtrend. Momentum signals remain broadly negative.

Sideways drift expected as resistance and support dictate range

Over the next 2–3 sessions, PI/USD is likely to remain range-bound between $0.084 and $0.0886 in a typical volatility band around current levels. The chance of a sustained upward move is very low unless resistance at $0.0919 is reclaimed, while additional downside risk is elevated if the $0.084 support fails. The baseline expectation is for price to drift sideways within this band, with sellers maintaining the upper hand unless a concrete shift in technical or network participation emerges.

Anton Kharitonov, Traders Union expert, sees ongoing weakness in PI as technicals remain heavy and traders show limited interest. He notes that the Protocol 27 upgrade brings major enhancements, but slow user migration keeps fundamentals muted for now. Resistance at $0.0919 caps any near-term rebound attempts. "Unless user participation accelerates or price reclaims key technical levels, my outlook stays defensive on PI," Kharitonov says.

Earlier, analysts noted that bearish momentum and technical weakness continued to weigh on Pi despite recent protocol upgrades. This view remains intact as the latest technical signals confirm persistent downside risk, with traders advised to monitor the $0.084 support level for potential breakout or stabilization cues in the coming sessions.

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.