- Pi Network price trades in a tight range as investors await updates from Consensus Miami and ongoing network upgrades.
- A breakout above $0.1990 or below $0.1647 will likely determine the next price direction.
Pi Network price continues to trade within a tight range as the market awaits fresh catalysts. Attention has shifted toward the upcoming Consensus Miami event and ongoing network upgrades.
Pi Network Price Remains Under Pressure
Pi Network has struggled to regain strength after dropping sharply from its March high. The coin declined by about 41%, falling from $0.2977 to around $0.1750.
The weakness followed a classic “sell-the-news” reaction after the Pi Day event and its listing on Kraken. Since then, price action has stayed muted despite broader signs of recovery across the crypto market.
Recent trading shows Pi moving sideways, reflecting uncertainty rather than strong buying or selling pressure.
Consensus Miami Speeches Could Shift Sentiment
The next major trigger for Pi Network will come from Consensus in Miami. Founders Chengdiao Fan and Nikolas Kokkalis are expected to present their vision.
The event will host key industry players, including regulators from the CFTC and the U.S. Securities and Exchange Commission. This adds weight to any announcements made during the conference.
A key focus will be Pi Network’s push into AI. The project has already invested in OpenMind, exploring ways to combine decentralized infrastructure with artificial intelligence systems.
If the team outlines clear real-world use cases, it could improve investor sentiment and support price recovery.
Pi Network Upgrade Signals Long-Term Ambition
Pi Network is also progressing through a major upgrade aligned with Stellar’s v23 framework. This update introduces features aimed at expanding the network’s capabilities.
Smart contracts are now part of the ecosystem, allowing developers to build decentralized applications. The launch of an RPC solution further supports this goal by making development easier.
Despite this progress, Pi still faces strong competition from established blockchains like Ethereum and Solana.
To compete effectively, the network must attract key infrastructure partners. These include oracle providers such as Chainlink and Pyth Network, as well as stablecoins like USDT and USDC.
Technical Outlook Shows Key Break Levels
Pi Network price continues to trade between support at $0.1647 and resistance at $0.1990. This narrow range has held for several weeks.
The coin is also positioned between key Fibonacci retracement levels, while trading slightly below short-term moving averages. These signals suggest a lack of strong direction.
A break below $0.1647 would confirm further downside, with the next target near $0.1500. On the other hand, a move above $0.1990 could open the path toward $0.25.
Pi Network remains in a consolidation phase as traders wait for clarity. The upcoming speeches and ongoing upgrade could play a decisive role in shaping its next move.
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