- Pi Network is rising ahead of the Protocol v25 upgrade as buying interest grows.
- Continued demand could push PI toward the $0.12 resistance.
Pi Network(PI) climbed back toward $0.10 ahead of the Protocol v25 upgrade. With trading volume surging and investor interest increasing, attention is now shifting to whether the latest improvements can drive the PI toward $0.12
The latest rally comes as the network prepares to introduce improvements designed to strengthen stability while expanding its smart contract capabilities.
Protocol v25 Upgrade Could Strengthen Pi Network
Pi Network is scheduled to activate Protocol v25 on July 22, bringing several technical improvements to the blockchain.
The upgrade focuses on improving network reliability and stability. It will also introduce support for BN254 cryptography and Poseidon hashing, allowing developers to build more efficient privacy-focused applications using zero-knowledge technology.
Alongside the protocol changes, Pi Network has updated the app profile page within its mining application. The improvement has helped restore confidence among community members as anticipation continues to build before the launch.
PI Price Climbs as Buying Activity Increases
PI gained around 11%, briefly reclaiming the $0.10 level before easing slightly to trade near $0.098.
The rally was supported by a sharp increase in market participation. Trading volume surged by more than 200%, while Pi Network’s market capitalization climbed back above $1 billion.
The higher trading activity suggests investors are becoming more active as they position themselves ahead of the protocol upgrade.
Bullish Sentiment Continues to Build
Market data shows that traders remain optimistic about PI’s short-term outlook.
The Long/Short Ratio has stayed above 1 for two consecutive days, indicating that long positions slightly outnumber short positions. This usually reflects expectations for further price gains.
Spot market demand has also remained healthy. Positive market delta readings over several consecutive days suggest buyers continue to absorb available supply, providing additional support for the recent price recovery.
When both derivatives traders and spot investors show confidence at the same time, the market often develops a stronger foundation for sustained price moves.
Can PI Reach $0.12?
Technical indicators continue to point toward improving market conditions. PI has recorded higher highs over the past several trading sessions and has moved above both its 9-day and 21-day moving averages, a sign that buyers are gaining control.
The MACD has also produced a bullish crossover. Although the indicator remains below the zero line, it shows that upward pressure is increasing.
If buying interest remains strong after the Protocol v25 upgrade, PI could establish support above $0.10. Holding that level may open the door for another move toward the $0.12 resistance.
However, traders will likely monitor whether the upgrade translates into sustained network activity and continued investor demand before expecting a larger breakout.
Conclusion
Pi Network has entered the Protocol v25 upgrade with renewed market confidence. Rising trading volume, improving technical indicators, and stronger buying activity have helped PI recover toward the $0.10 level.
If the upcoming upgrade delivers the expected improvements and attracts more participation across the ecosystem, PI could have a stronger chance of testing the $0.12 resistance in the coming days.
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