Pi Network price has dropped 10% from its weekend high, ending even lower than where it began the week. Despite this, the token could be preparing for a turnaround as three catalysts align to support a bullish recovery.
Summary
- Pi Network price fell to $0.168 after hitting a three-week high of $0.187, but upcoming Protocol 22 upgrade and ecosystem developments could support a rebound.
- Smart contract progress and rising developer activity, along with expectations around Consensus 2026 announcements, are driving renewed interest in the token.
- A break above $0.187 could open a move toward $0.20, while failure to hold $0.165 support may push price toward the $0.15 level.
According to data from crypto.news, Pi Network (PI) price rallied to a three-week high of $0.187 on Saturday before profit-taking drove it back down to $0.168, losing all of its gains and testing local support levels.
Despite the recent pullback, the token could soon witness a strong rebound as three major fundamental factors begin to take effect.
First, the upcoming Protocol 22 mandatory upgrade deadline on April 27 is forcing a massive migration of network nodes. This technical overhaul is designed to strengthen the mainnet infrastructure, and historical trends suggest that such high-stakes network updates often lead to a tightening of available supply as holders move assets into secure wallets.
Second, the successful integration of smart contracts on the testnet has reached a critical stage. With the source code now public on GitHub, developers are flocking to the ecosystem to build decentralized applications. This shift from a simple mining app to a fully functional smart contract platform is expected to drive significant utility and demand for the token.
Third, anticipation is building for the Founders’ keynote at the upcoming Consensus 2026 conference. This high-profile appearance is expected to provide the mainstream validation the project has sought for years. Major announcements regarding the open mainnet roadmap during the event could serve as a massive spark for investor confidence.
On the daily chart, Pi Network price action shows that the next immediate resistance sits at the $0.187 mark, which coincides with the 100-day Exponential Moving Average. This level has proven to be a difficult hurdle for bulls to clear during recent attempts
A strong break above this resistance would likely confirm a bullish trend reversal and open the doors for a rally toward the $0.20 psychological level. If momentum continues to build behind the Protocol 22 upgrade, we could even see a test of the $0.214 yearly high.
Conversely, if the token fails to hold its current support at $0.165, it could trigger a deeper correction toward the $0.15 range. This would likely occur if the broader market remains under pressure from geopolitical tensions or if there are further delays in the smart contract rollout.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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