{"id":8710,"date":"2026-04-28T10:10:51","date_gmt":"2026-04-28T10:10:51","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8710"},"modified":"2026-04-28T10:10:51","modified_gmt":"2026-04-28T10:10:51","slug":"pi-network-price-outlook-amid-protocol-22-upgrade-ahead-of-the-may-protocol-23-upgrade","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8710","title":{"rendered":"Pi Network price outlook amid Protocol 22 upgrade, ahead of the May Protocol 23 upgrade"},"content":{"rendered":"

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\n\"Pi\n<\/picture> <\/div>\n<\/p><\/div>\n
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  • Protocol 22 has boosted the scalability of Pi Network ahead of smart contracts in May.<\/li>\n
  • Pi must break $0.190 to target $0.2045 and $0.220.<\/li>\n
  • Key support at $0.1832 remains crucial for bullish momentum.<\/li>\n<\/ul>\n

    Pi Network (PI) token traded near $0.1893 on April 28 after gaining roughly 5.8% in 24 hours and more than 10% over the past week, reflecting stronger market interest as the network moves through a critical development phase.<\/p>\n

    The recent recovery is notable considering the asset\u2019s all-time low of $0.1312 in February 2026, while still sitting far below its February 2025 peak of $2.99.<\/p>\n

    Protocol 22 mainnet upgrade<\/h2>\n

    Notably, the price surge comes as Pi Network completed its Protocol 22 mainnet upgrade on April 27, a major infrastructure update designed to improve scalability, transaction throughput, and overall network readiness for decentralised applications.<\/p>\n

    Protocol 22 is widely seen as a foundational step before the expected Protocol 23 rollout in May, which is projected to introduce smart contracts and expand Pi Network\u2019s ecosystem with broader decentralised finance (DeFi) and cross-chain functionality.<\/p>\n

    More than 10 billion PI tokens have already migrated to Mainnet, with approximately 6 billion remaining locked.<\/p>\n

    This large locked supply continues to limit immediate sell pressure while also supporting market attention around future utility expansion.<\/p>\n

    For many traders, the upcoming Protocol 23 release is even more important since smart contract functionality could significantly expand PI\u2019s practical use cases beyond peer-to-peer transfers by allowing developers to build decentralised applications directly on the network.<\/p>\n

    Technical indicators show improving momentum<\/h2>\n

    Current technical analysis suggests Pi is attempting to form a double-bottom breakout pattern, with the neckline sitting near $0.190.<\/p>\n

    A confirmed move above this level could push the price toward $0.2045, while a stronger continuation may open the path toward $0.220.<\/p>\n

    According to aggregated market indicators, a majority of technical indicators signal that the short-term momentum is leaning positive.<\/p>\n

    Moving averages are especially supportive, with PI currently above its 10-day, 20-day, 50-day, and 100-day exponential moving averages, reinforcing short-term strength.<\/p>\n

    However, the token still trades below its 200-day EMA, which suggests broader macro resistance remains in place.<\/p>\n

    The 14-day Relative Strength Index stands at 63.96, placing PI coin in neutral territory without signalling immediate overbought conditions.<\/p>\n

    On the weekly timeframe, RSI is closer to 36.01, which indicates that PI may still be recovering from previously oversold conditions.<\/p>\n

    \"Pi<\/p>\n

    Pi Network price forecast<\/h2>\n

    Looking at the price targets that traders should consider moving forward, the immediate support sits at $0.1832.<\/p>\n

    A drop below this level may weaken short-term bullish momentum and expose Pi Network (PI) to downside pressure toward $0.1670, with deeper losses potentially reaching $0.1322.<\/p>\n

    On the upside, the first major resistance is $0.1884. A breakout above this level would strengthen breakout potential and could send PI coin toward $0.1926.<\/p>\n

    If bulls successfully clear the broader $0.190 neckline, the next major target becomes $0.2045. A sustained breakout above that level may extend gains toward $0.220.<\/p>\n

    Looking further ahead, broader 2026 projections place PI\u2019s possible trading range between $0.1121 and $0.5246, depending largely on successful ecosystem expansion, smart contract adoption, and broader crypto market conditions.<\/p>\n

    \n
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    Share this article<\/h6>\n
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    Categories<\/h6>\n
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    Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n

    Analysis,Markets,pi#Network #price #outlook #Protocol #upgrade #ahead #Protocol #upgrade1777371051<\/p>\n","protected":false},"excerpt":{"rendered":"

    Protocol 22 has boosted the scalability of Pi Network ahead of smart contracts in May. Pi must break $0.190 to target $0.2045 and $0.220. Key support at $0.1832 remains crucial for bullish momentum. Pi Network (PI) token traded near $0.1893 on April 28 after gaining roughly 5.8% in 24 hours and more than 10% over<\/p>\n","protected":false},"author":1,"featured_media":7776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-8710","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"\nPi Network price outlook amid Protocol 22 upgrade, ahead of the May Protocol 23 upgrade - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Pi Network eyes key breakout levels as Protocol 22 strengthens the network ahead of May\u2019s Protocol 23 smart contract upgrade.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=8710\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pi Network price outlook amid Protocol 22 upgrade, ahead of the May Protocol 23 upgrade\" \/>\n<meta property=\"og:description\" content=\"Pi Network eyes key breakout levels as Protocol 22 strengthens the network ahead of May\u2019s Protocol 23 smart contract upgrade.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=8710\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-28T10:10:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/03\/trading-4-1-1024x683.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8710\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=8710\",\"name\":\"Pi Network price outlook amid Protocol 22 upgrade, ahead of the May Protocol 23 upgrade - 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