Key takeaways
- PI reclaimed the $0.1500 level after briefly dipping below that key area on Tuesday.
- The token’s improvement follows a significant mainnet upgrade to its infrastructure.
Pi Network reversed a recent downtrend on Wednesday, climbing back above $0.1500 after implementing a major upgrade to its mainnet nodes. The move reflects improved network fundamentals and renewed buying interest after a period of weakness.
At the time of writing, PI was trading near $0.1518. While the token has extended losses from earlier in the week, some technical indicators point to the possibility of a short-term rebound as selling pressure eases.
Pi Core team completes major mainnet upgrade
The Pi Core Team announced that several mainnet nodes have been upgraded to Stellar protocol version 23, underscoring the project’s reliance on Stellar-based infrastructure. The upgrade also included important backend changes, such as migrating servers from Ubuntu 20 to Ubuntu 24 and moving the database from PostgreSQL 12 to PostgreSQL 16.
These updates are designed to enhance network performance, strengthen security, and support long-term scalability as Pi Network expands its ecosystem and user base.
PI price outlook: Technical indicators suggest a possible recovery
On the 4-hour chart, PI has shown recent bearish behavior, underperforming over the past several sessions despite the infrastructure improvements. The token is trading below both the 50-period Exponential Moving Average (EMA) near $0.1605 and the 200-period EMA around $0.1709, which keeps the medium-term outlook cautious.
That said, momentum indicators signal a potential easing of downside pressure. The Relative Strength Index (RSI) has dropped close to 29, indicating oversold conditions and forming a positive divergence as prices approach Tuesday’s low of $0.1463. Such divergence can precede a reversal or at least a short-term bounce.
If buying interest picks up, PI could attempt to retest a descending trendline resistance near $0.1519. A clear breakout above that level would increase the odds of a recovery toward the 50-EMA at $0.1605 and, if momentum persists, the 200-EMA near $0.1709.
The Moving Average Convergence Divergence (MACD) remains flat below the zero line, reflecting fading bearish momentum but not yet confirming a bullish turnaround. Traders will likely look for MACD bullish crossovers and rising volume to validate any sustained upside move.
On the downside, the recent low at $0.1463 remains a key support level. A daily close below that mark could invalidate rebound prospects and trigger further downside pressure for PI. For now, the upgraded mainnet and easing technical signals offer a plausible path for a short-term recovery, but traders should monitor resistance at $0.1519 and the moving averages for confirmation.