Site icon Crypto News Focus

Pi Network Risks $0.082 if Rising Trendline Breaks

PI NETWORK IMAGE

Pi Network price is showing signs of recovery after trading within a narrow range. PI currently trades near $0.088, with traders watching $0.09 as the next key resistance level.

PI has gained 1.2% over the past 24 hours, trading between $0.08493 and $0.08882. With the price approaching $0.09, traders are now watching whether PI can break higher or face another rejection.

Pi Network Protocol Upgrade Adds New Features

Pi Network recently rolled out Protocol v26 as the network moves closer to Protocol 27. The upcoming upgrade is expected to complete the current development phase during the second half of 2026.

Source: Data Taken From @BSCNews , X Account.

Protocol v26 introduces stronger protection against smart contract attacks and improvements to state management. It also adds greater cross-chain functionality and cryptographic changes.

The upgrade does not guarantee a PI price increase. However, continued network development could support long-term investor interest.

PI Price Tests an Ascending Triangle

On the one-hour chart, PI is trading inside an ascending triangle pattern. Resistance sits near $0.08900, while the rising trendline provides support below the current price.

Source: Chart Taken From TradingView .

A breakout above $0.08900 with strong trading volume could open the way toward $0.09099. A move above that level could push PI toward $0.09341.

However, rejection at resistance could send PI back toward $0.08704. A deeper decline could expose the $0.08523 support level.

4-Hour Chart Shows Key Support

The four-hour chart gives a broader view of PI’s current setup. The price continues to trade near a rising trendline that has acted as support.

Source: Chart Taken From TradingView.

A strong rebound from this trendline could take PI toward $0.09214. The next resistance target would then stand near $0.09638.

A break below the trendline would weaken the bullish setup. In that case, PI could fall toward $0.08205 and possibly $0.07907.

Pi Network Price Prediction Scenarios

The bullish case depends on a breakout above $0.08900 and continued support from the rising trendline. This setup could put $0.09099, $0.09341, and $0.09638 in focus.

The base case sees PI remaining between roughly $0.08704 and $0.08900 as traders wait for a clearer breakout.

The bearish case begins if PI loses its rising trendline. A move below this support could expose $0.08523, $0.08205, and $0.07907.

For now, $0.08900 remains the key level to watch. A confirmed breakout could strengthen the bullish outlook, while a trendline breakdown could trigger further selling pressure.

ALSO READ: Pi Network Protocol 26 Deadline Nears as 421K Nodes Face Disconnect

DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.

Exit mobile version