- Pi Network’s price fell by 6.99% and fell below $0.18.
- Pi Testnet has launched support for subscription smart contracts.
- The price action showed stability after a sharp correction and failed rebound attempts.
After reducing weekly losses by more than 20%, Pi Network price resumed its downward trend over the past 24 hours. After opening higher, Pi Network price opened lower, sending the price below $0.18. This price drop comes as Pi Network confirmed its first smart contract feature on the testnet.
Pi Testnet adds subscription smart contract support
eBay network foot Subscription support on the Pi Testnet, marking its first smart contract capability. The release opens up recurring payment testing for developers and businesses. Pi has also deployed PiRC2 for review, bug checking, and community feedback before any mainnet rollout.
The contract allows users to approve the budget without signing each billing event. However, users can set limits depending on the amount and billing period. The funds remain in the wallet until each on-chain charge is processed. The design supports recurring payments for e-commerce, live streaming, and online tools. If the wallet has sufficient balance, the subscription will remain active. The model maintains control of the wallet during billing, Pai said.
Pi link the release to node and protocol upgrades for smart contract functionality. He also mentioned the release of a Pi Testnet RPC server to access blockchain data. “The smart contract itself is also subject to review by external audit services,” Pai said. At this point, the Pi restricts the feature for review on the testnet. Developers can examine PiRC2, test flows, and report errors or edge conditions. Pai said the process will help reviewers vet the design before any mainnet release.
Pi price remains under pressure as the downtrend holds
Despite this introduction, eBay network price She reacted negatively to this development. According to CoinMarketCap data at the time of writing, Pi recorded a clear downward movement during this period, with eBay network It fell to $0.1710. The asset showed a decline of 6.99%, reflecting continued weakness throughout the session. The early move pushed the price down from the upper band and kept the pressure intact. The sharp decline then broke the initial structure and moved Pi Network’s price to lower territory.
After this decline, the price attempted short bounces, but each move quickly lost strength. The mid-term movement became mixed, with small rallies followed by new declines. This sequence kept the broader trend negative and prevented any lasting recovery. The price later moved in a narrow range, although the movement was still skewed to the downside.
Another rally appeared briefly, but stopped below previous retracement levels. The recent stretch resulted in another decline and left the price near the session’s weaker area. Performance remained negative, with lower highs and lower lows. Pi Network price ended the period under pressure, with downtrend remaining the overall prevailing pattern.
Pi Network price goes from selling to stable
Technical analysis shows that eBay network price It showed a long decline from late 2025 to early February 2026. This decline pushed the price from the highs towards the $0.13 region. After this decline, Pi Network price formed a base and started the recovery path. The pace of recovery accelerated during February and early March.
Then the price accelerated sharply and reached the strongest peak during this period near $0.30. This rally ended quickly, and a sharp reversal followed during the day. The withdrawal erased much of the March advance and then returned eBay network To the mid-$0.17 region. After this reset, Pi Network’s price moved in a narrower range during late March and April. This period showed smaller candles, flatter movement, and weaker downward momentum.
Recent history suggests consolidation after a sharp correction. This structure is usually preceded by either a gradual recovery or another short decline. Because the decline has slowed and the price has stabilized, the next step tends toward a modest recovery attempt. Any bull phase will likely start slowly rather than immediately repeat the March high. Currently, the pattern shows recovery from base, rise, reset, and stabilization.
