Pi Network traded near $0.094 following a 4% daily gain, bringing the token within range of the $0.10 resistance level. The upward movement coincided with a broader market recovery that saw Bitcoin approach $79,500 and total cryptocurrency capitalization reach approximately $2.6 trillion.
Technical Indicators and Price Levels
PI changed hands between $0.094 and $0.096 during recent trading sessions. Short-term momentum indicators showed strong buyer control, with the four-hour Relative Strength Index reaching overbought levels between 77.67 and 81.50. Additionally, the Chaikin Money Flow held at 0.16, indicating net buying pressure during the measured period.
Analysts note that a four-hour close above $0.095 would strengthen the likelihood of testing the $0.10 threshold. On the downside, initial support rests near $0.09, with subsequent support levels identified at $0.085 and the lower boundary of the ascending channel at $0.08.
Protocol 27 Testnet and Mainnet Upgrade Plans
The price movement follows the launch of Protocol 27 on the Pi Testnet, which follows the completion of the Protocol 26 upgrade on the Mainnet. Pi Network has targeted September 15 for the Mainnet transition of Protocol 27, though project officials note that the rollout schedule remains subject to testing results and node readiness.
Protocol 27 introduces flexible and secure smart contract authentication features, expanding how accounts and applications approve transactions. While community reports have linked the upgrade to decentralized exchange functions and automated market maker liquidity pools, the official announcement focused primarily on authentication and developer controls.
