The price of Pi Network (PI) traded down by 1.04% at $0.089, contrasting with gains in the broader cryptocurrency market following a US Treasury bond buyback announcement. The price decrease follows the completion of the Protocol 26 upgrade by the core team on August 11, which marked the second-to-last planned upgrade for the coin.
Upgrades for the network began in February 2026. While previous upgrades have generally resulted in gains for Pi Coin, market observers note that with the final upgrade approaching, the asset could face a lack of upcoming bullish catalysts.
Upcoming Protocol 27 Upgrade
The Pi Network team announced via an X post that the final planned upgrade, Protocol 27, will take place in September. The network stated that the upgrade is designed to improve security, introduce new features, and enhance flexibility.
A previous upgrade, Protocol 26, boosted market sentiment around the network and allowed the asset to outperform a mostly flat broader market. The September 15 deployment of Protocol 27 focuses on smart contract security, which could potentially drive higher adoption rates for PI.
Price Patterns and Market Outlook
On the one-day chart, Pi Coin's price has been moving within an ascending triangle pattern, indicating a potential shift from a bearish to a bullish trend if it clears resistance. Resistance for the triangle pattern is situated at $0.097, leaving PI trading roughly 9% below that threshold as buying pressure decreases and traders rotate into stronger-performing assets.
If buying momentum returns prior to the upgrade and the price closes above the $0.097 resistance level, it could advance toward $0.10. Conversely, if initial upgrade hype fades and selling pressure increases, long-term forecasts suggest the price could decline toward its all-time low of $0.070. However, positive momentum indicated by the MACD line, combined with rising network adoption, could potentially help the asset avoid dropping to record lows.
