Pi crypto value rejects $0.11 around Protocol v26 upgrade deadline
PI surrendered an intraday surge after Pi Network’s Protocol v26 deadline, leaving traders watching $0.080 support and the $0.10 barrier.
Pi Network’s coin climbed towards $0.11 on August 11, the deadline for Mainnet nodes to adopt Protocol v26.
The move did not last, as PI later returned to $0.08771, despite the increase in market activity.
Pi Network advances Protocol v26 transition
The Pi Core Team gave node operators until August 11 to install the new upgrade, with those still running on the old one at risk of being disconnected from the network.
That deadline has now passed, but the team is yet to announce whether the network-wide transition is complete.
The new upgrade introduces several infrastructure changes, including safety improvements covering contracts, state, and interoperability. It also prepares Pi Network for v27, which is the final upgrade that the project has currently announced.
Despite all these changes, PI’s supply has not been impacted, and a new demand has not been created, leaving the upgrade’s immediate relevance focused on network infrastructure.
Can PI Crypto value recover to $0.10?
PI reached $0.11 before sellers forced it back below $0.09, and at $0.08771, it was again trading inside the area that has seen a rise in activity recently.
Volume Range Visible Profile [VRVP] data places that activity between approximately $0.080 and $0.100, giving buyers a clear task of reclaiming the upper end of the range and hold it.
But for now, $0.080–$0.082 provides nearby support, with resistance at around $0.090 and extending towards $0.100.
Buying pressure has improved, with PI’s Money Flow Index [MFI] at 63.24. Trading volume also increased, but it did not match the levels recorded during July’s sell-off.
A close above $0.10 would bring $0.11 back into view, but beyond that, sellers may return around $0.127, where the price has struggled to break. But the downside starts at $0.080, and if that support gives way, PI could revisit the July base around $0.069–$0.070.
Final Summary
- Pi Network’s Protocol v26 deadline has passed, but the Core Team has not confirmed completion of the network-wide transition.
- PI returned to $0.08771 after touching $0.11. The next recovery depends on reclaiming $0.10 while holding support above $0.080.
