- Pi Network’s PI token is up by 6% and is outperforming broader crypto market gains.
- Mainnet upgrade deadline drives momentum and investor interest.
- 18M verified users strengthen the long-term growth narrative.
Pi Network’s native token PI is currently up by more than 5.5%, and the price of the token is hovering around the $0.180 mark. In the last 24 hours, the token has outperformed the broader crypto market (up by 0.82%) in gains.
The price of the token is going up because the community is excited about an upcoming network update. Since there is a deadline, node operators need to upgrade quickly or risk getting disconnected. This also shows that PI is moving toward better and smarter features.
At press time, the price of the token stands at $0.1811 with an uptick of 6.4% in the last 24-hours as per CoinMarketCap.
Mainnet Upgrade: The Big Catalyst
The Pi Core team posted on the social media platform X and issued a final call where all mainnet nodes were requested to upgrade to Stellar Protocol version 22 by April 27. This is not just routine maintenance; it is one of the important steps that would unlock smart contract capabilities and lay the groundwork for a thriving ecosystem of decentralized apps.
This is urgent because if the nodes miss the deadline, then they risk disconnection, potentially disrupting their network participation. The upgrade builds anticipation for an even bigger leap, where full version 26 rollout is slated for June 22. Investors see this as more than hype because it is a concrete advancement that could supercharge Pi’s utility and attract developers.
The price pop reflects this momentum. Traders are betting on enhanced smart contracts to drive real-world adoption, turning PI from a speculative asset into a functional blockchain powerhouse. As the deadline nears, if there is any problem in the execution, it could temper the enthusiasm.
User Milestone Fuels Long-Term Confidence
Adding fuel to the rally is the network’s verified users. The Pi team posted on X stating that the network has crossed 18 million identity-verified users. This is not a mere wallet count like many rivals, but it is KYC-verified humans, which indicates the amount of growth that the network has, even though there have been delays in the past.
This milestone validates Pi’s mobile-mining model, which has drawn millions since its 2019 launch. It signals structural strength, which is its massive, engaged user base ready for ecosystem expansion. In a space crowded with unproven projects, Pi’s verified scale offers fundamental reassurance, pushing the case for sustained value.
Technical Outlook: Resistance Ahead
Pi’s chart tells a bullish story, but hurdles loom. The token now tests the 50-day EMA at $0.1785, with tougher resistance from the 100-day EMA around $0.1865. RSI at 71 hints at overbought conditions, suggesting profit-taking could emerge.
Key support sits at $0.1556; if this holds, then there could be a retest of the $0.1785-$0.1865 zone. However, if the price of the token breaks below this zone, then it may trigger a dip to $0.1310. Volume will be telling if sustained buying could propel a breakout, confirming upward momentum.
The April 27 deadline acts as the next catalyst. Success here might lead to fresh buying, but failure to breach resistance could lead to consolidation.
Pi’s rally blends a tangible upgrade catalyst with user growth validation, yet technical walls demand a decisive push. If the Pi Network price breaks over $0.1785, it could signal a trend reversal. As April 27 approaches, Pi stands at a crossroads, where the ecosystem could either lift off or there could be a harsh reality check.
Also Read: PI Network Price Drops by 2.69% on Fresh Token Unlocks
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