Pi on the Move: Will the 6% Surge Trigger a Major Breakout?

TheNewsCryptoPubblicato 2026-03-20Pubblicato ultima volta 2026-03-20

Introduzione

The Pi Mainnet has been upgraded to Protocol 20, a significant step toward enabling smart contracts. The price of PI surged 6% in 24 hours to approximately $0.1882, with its market cap at $1.84 billion and trading volume up over 15%. Technical indicators present a mixed but cautiously optimistic outlook: the MACD shows early recovery signs within a downtrend, the CMF indicates healthy buying pressure, and the RSI at 51.91 suggests a slight bullish edge. However, momentum remains weak overall. The price faces near-term resistance at $0.1896, with support at $0.1868 if a bearish reversal occurs.

The Pi Mainnet has been upgraded to Protocol 20, which is an important step toward enabling smart contract functionality on the network. Moreover, the node operators should make sure their systems are updated to stay in sync. More details and guidance will follow as the network prepares for the next upgrade, v21.

Currently, the asset is trading at around $0.1882, followed by a 6% jump over the last 24 hours. Notably, the market cap is found at $1.84 billion, and PI’s daily trading volume has surged by over 15.04%, touching the $35.2 million mark, according to CoinMarketCap data.

With the current bullish wave in the PI market, the green candles might light up, and the price could climb to the nearest resistance at the range of $0.1896. Further upside pressure might lead the price even higher. Conversely, if the PI price chart takes a bearish turn, it may retrace to a support of $0.1868. Upon the asset losing more momentum, the downside correction could gain strength and send the price to revisit the established lows.

Where Is PI Headed Next? Key Momentum Signals to Watch

The technical analysis shows that the Moving Average Convergence Divergence (MACD) is above the signal line, but both are below the zero line, showing early signs of a recovery within a downtrend. The market is trying to turn around, but it needs more strength to confirm a reversal.

Besides, the Chaikin Money Flow (CMF) indicator value at 0.10 hints at a healthy buying pressure in the PI market. Also, the capital is flowing into the asset, with buyers clearly having the upper hand. There is a steady level of accumulation, which may support a gradual upward move.

PI’s daily Relative Strength Index settled at 51.91, which sits above neutral, indicating a slight bullish edge. As the momentum is not strong yet, the market is trying to pick a direction rather than making a decisive move. If RSI pushes higher, it could signal growing strength.

Moreover, the Bull Bear Power (BBP) reading of 0.0126 is having a mild bullish tilt. Notably, the market is indecisive rather than trending. If the value starts rising, the buyers would slowly gain confidence, but currently, the momentum is quite weak in the PI market.

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Domande pertinenti

QWhat is the significance of the Protocol 20 upgrade for the Pi Mainnet?

AThe Protocol 20 upgrade is an important step toward enabling smart contract functionality on the Pi network.

QWhat are the current price and 24-hour performance of PI according to the article?

AThe asset is currently trading at around $0.1882, with a 6% jump over the last 24 hours.

QWhat does the MACD indicator's position above the signal line but below the zero line suggest about the PI market?

AIt shows early signs of a recovery within a downtrend, indicating the market is trying to turn around but needs more strength to confirm a full reversal.

QWhich indicator hints at healthy buying pressure and capital flowing into the PI asset?

AThe Chaikin Money Flow (CMF) indicator, with a value of 0.10, hints at healthy buying pressure and capital inflow.

QWhat is the current reading of the daily Relative Strength Index (RSI) for PI, and what does it indicate?

AThe daily RSI is settled at 51.91, which sits above neutral and indicates a slight bullish edge, though the momentum is not yet strong.

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290 Totale visualizzazioniPubblicato il 2024.12.13Aggiornato il 2026.06.02

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