- Pi Network is falling for a fourth day, with the price dropping below $0.1500.
- A June 2 mainnet upgrade is coming, but technical signals still show a bearish trend.
The price of Pi Network continues to face strong selling pressure as it extends losses for the fourth straight day. The coin has dropped further below the $0.1500 level, reflecting a weak short-term outlook in the market.
At the same time, the Pi Core Team is pushing forward with a key technical update that could shape the network’s next phase. However, traders remain focused on price weakness rather than long-term development progress.
Pi Network extends losses as sellers stay in control
Pi Network has continued its downward move, with price action showing no clear signs of recovery. The coin is now edging closer to the $0.1400 zone, which is becoming an important short-term area to watch.
Market sentiment remains negative as selling pressure builds. The broader trend still favors the downside, with each small recovery being quickly rejected.
Mainnet upgrade to protocol 24 approaches June deadline
The Pi Core Team has announced that all mainnet node operators must complete the upgrade to Stellar protocol version 24 by June 2. This upgrade is part of the ongoing development of the Pi ecosystem, which is built on a custom protocol adapted from the Stellar blockchain.
The Pi Mainnet is upgrading to Protocol 24 – Deadline: June 2.
The Pi Mainnet has successfully upgraded to Protocol 23. All Mainnet nodes are required to complete this step before the deadline to remain connected to the network.
Details here: https://t.co/9VehO7hhj1
— Pi Network (@PiCoreTeam) May 27, 2026
The deadline is meant to ensure network stability and avoid downtime. However, despite the importance of the upgrade, retail interest appears to be fading as price action weakens.
Technical indicators confirm a bearish trend
The technical outlook for Pi Network remains firmly bearish. The price is trading below key moving averages, including the 50-, 100-, and 200-period EMAs, which continue to act as strong resistance levels.
Momentum indicators also support the bearish view. The Relative Strength Index has dropped into oversold territory near 28, suggesting strong selling pressure. Meanwhile, the MACD indicator remains below its signal line, confirming that downside pressure is still active.
Key support and resistance levels to watch
On the downside, immediate support is found around $0.1410, with the next level at $0.1357 if selling continues. On the upside, the first resistance is seen near $0.1449, followed by stronger resistance at $0.1507. A recovery above this zone would be needed to signal any meaningful short-term relief.
Pi Network remains under pressure as the market reacts to continued weakness and cautious sentiment. While the upcoming protocol upgrade is a key development milestone, it has not yet translated into price strength. For now, traders are watching whether the $0.1400 region holds or gives way to further declines in the short term.
ALSO READ: Pi Network Sets June 2 Deadline as Major Upgrade Moves Toward Smart Contracts
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