Pi Network’s native token PI has dropped nearly 14% to around $0.0808 following the launch of the much awaited Protocol v27 upgrade. The sharp sell-off has added to concerns around PI, which is about 97.2% below its all-time high price.
This continuous drop has raised concerns about the future of the Pi token; will Pi coin ever recover?
PI Network Goes Live With Protocol v27 Upgrade
Pi Network rolled out its Protocol v27 upgrade on Mainnet on September 15. The update is one of the network’s major technical upgrades, adding new tools for smart contracts, decentralized apps, and future DeFi use.
Protocol v27 brings more flexible smart contract authentication, giving apps and accounts new ways to approve transactions.
It also adds the infrastructure needed for automated market maker (AMM) liquidity pools and Pi’s planned decentralized exchange.
Despite these new features, PI’s price has moved lower, showing that network upgrades do not always lead to an immediate rise in token value.
Clarity Act Failure Adds More Pressure
PI’s price fall became sharper after heavy selling hit the broader crypto market following the CLARITY Act’s failure to advance in the U.S. Senate.
The timing of the Protocol 27 launch may have also triggered a “sell-the-news” reaction. Traders who bought PI ahead of the upgrade may have sold after the event.
As a result, PI fell about 14% to near $0.0822, while the token is down nearly 77% over the past year.
Pi Network Price Prediction: What Next?
PI is now trading near the $0.0822 area, with immediate support around $0.080. If PI holds above $0.0803, buyers could try to push the price back toward $0.0908.
This is the first level PI needs to reclaim before another attempt at the major $0.10 resistance. A break above $0.10 could signal stronger recovery.
However, a break below $0.0803 could bring more selling pressure and push PI toward the next major support near $0.0703, close to its July low. The 45.1 million trading volume also shows strong activity during the latest drop.
For now, PI needs to reclaim $0.0908 before a move toward $0.10 becomes possible.
