Pi Network price remains near $0.15 as the v23 upgrade nears completion, while token open and weak chart signals continue to pressure PI.
summary
- PI is trading near $0.150667 after losing 12.38% over seven days.
- Most masternodes have been upgraded to version 23, but the protocol migration is still pending.
- About 195.65 million PIs are scheduled to open over the next 30 days.
- The daily chart shows the PI near the lower limit of the Bollinger Band, with $0.17 as the first resistance.
Pi Network was trading at $0.150667 on May 20, with a 24-hour trading volume of $13.96 million, according to crypto.news marketplace. Data. The token moved between $0.146809 and $0.151711 during the same period, showing a narrow range around the $0.15 level.
The price remains weak on a longer time frame. The index fell by 12.38% in seven days and by 12.54% over the past month. It is also still about 95% below its all-time high of $2.99, which was set on February 26, 2025.
The TradingView chart shows the PI trading near the lower limit of the Bollinger Band at $0.1494. The middle band is at $0.1702, while the upper band is near $0.1911. This makes $0.17 the first recovery level to watch.
The MACD indicator also remains negative. The MACD line is below the signal line, while the histogram is still below zero. This shows that sellers are still in control of the short-term momentum, even with a small intraday bounce.
Does upgrading to version 23 help the Pi network?
The Pi Core Team said that most of the mainnet’s master nodes have now been upgraded to v23. The official update said
“Most masternodes have now been upgraded, and the protocol is expected to move to version 23 soon.”
The team also said that this was one of the most difficult upgrades because it involved many infrastructure changes. These protocols included 22 to 23, Ubuntu 20 to 24, and PostgreSQL 12 to 16.
This progress gives the project a technical boost. However, the market did not treat this as enough to reverse the price trend. The PI remains pinned near $0.15, indicating that traders are still focused on supply and liquidity risks.
Pi Network is also pushing Pi App Studio as part of its broader ecosystem plan. The update allows creators to use external AI coding tools to connect apps to the Pi ecosystem, which the project says has more than 60 million participating users.
Why does the opening price of 195m PI affect the price?
Relevant market coverage He said 195.65 million PI are scheduled to open over the next 30 days. This equates to approximately 3.17% of the locked supply and an average of 6.52 million PI per day.
The largest single-day open is expected to occur on May 27, when more than 18.22 million PIs will become available. At current prices, the value of a 30-day opening wave is approximately $29.3 million.
This is important because PI still trades with less liquidity than larger crypto assets. Related coverage noted that PI is still absent from Binance and Coinbase, limiting the market’s ability to absorb heavy selling.
Early users also received PI through mobile mining over several years. As more tokens are migrated and become transferable, some holders may sell for a gain. This keeps sell-side pressure in focus.
What price levels are important next for PI?
The chart shows that the PI is sitting near the lower bound of the Bollinger band. If buyers defend the $0.1468 to $0.1494 area, the token may attempt to do so. Short recovery About $0.1702.
A move above $0.1702 would be the first sign of improving momentum. After that, traders can keep an eye on the $0.1911 area and the broader $0.19 to $0.20 area, where the previous highs failed.
On the downside, failure to hold $0.15 keeps the $0.13 area in focus. Related coverage pointed to a deeper support area at $0.1297, near the $0.1297 level. eBay network Absolutely low area.
For now, PI remains stuck between the 23rd release advance and the squeeze opening. The upgrade may support the long-term ecosystem, but the chart still needs a clear recovery of $0.17 before buyers regain control.
