Pi Network Price Forecast Ahead of Protocol v25 Upgrade on July 22

Frank bevah
Updated
Frank bevah

Frank bevah

Market Analyst
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
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Pi Network Price Forecast Ahead of Protocol v25 Upgrade on July 22
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Highlights

  • New upgrade of v25 protocol can enhance confidence, stability, and development.
  • Pi Network Price has urgent support and momentum indicators indicate a decline in pressure.
  • Reclaiming $0.080 will open upside targets to $0.090 and $0.10 resistance.

Pi Network price held above $0.075 on Thursday as buyers defended the lower boundary of a falling channel. Selling pressure eased near $0.073, while broader market weakness limited recovery momentum. 

Bitcoin price traded near $64,000, Ethereum stayed above $1,870, and XRP held $1.10. Meanwhile, traders focused on the Protocol v25 upgrade scheduled for July 22 across the expanding ecosystem.

Upcoming Protocol v25 Upgrade Brings New Features

Pi Coin price confirmed Protocol v25 will launch on July 22 after several weeks without a major development update. The launch focuses on enhanced network stability, reliability, and smart contract performance throughout its mobile-first blockchain ecosystem.

The protocol release will provide developers with BN254 cryptography and Poseidon hashing. The tools facilitate zero-knowledge applications and secure user information throughout the execution of the contract and blockchain interactions.

Smart contracts that are privacy-preserving may assist applications to handle sensitive data without revealing personal information on public records. The protocol v25 can also be used to facilitate faster transactions as Pi Network targets wider ecosystem milestones.

Adoption will however, be pegged on the activity of the developers, the growth of the applications, and also the stable performance once it is fully activated.

Pi Network Price Outlook Shows Rebound Potential

Pi Network price is within a falling channel, but the recent stagnation indicates bearish consolidation is weakening. The support is being defended by buyers at around $0.073 and may give support to a short term recovery.

A long-term push beyond $0.075 can lead to the buyers attacking the middle level of the channel.

However, the crypto market remains pressured after losing 1.67% and falling toward a $2.21 trillion valuation. Bitcoin price consolidation near $64,000 has also reduced risk appetite across smaller digital assets.

Pi Network has a chance to recover in case Protocol v25 becomes more confidence-enhancing and the situation with the wider market stabilizes. The inability to hold $0.073 could put the token at risk of renewed selling and further downside force.

PI Coin Price Consolidates at $0.077: Is a Major Recovery Ahead?

PI coin price stood at 0.077 on Thursday and was near a major four-hour support zone. The MACD line has crossed above the signal line, creating a small positive histogram reading.

This crossover indicates that selling pressure is weakening, but both lines are below the level of the neutral. The Chaikin Money Flow is close to less than 0.01, indicating that the selling and buying flows are almost equal.

PI needs to regain the $0.080 level to solidify its emerging recovery and draw new purchasing attention. A prolonged rally beyond the $0.080 level would reveal the recent swing zone between the $0.083 to $0.085.  Additional gains can be then aimed at $0.090 that once served as a significant support level.

Pi Network Price Forecast Ahead of Protocol v25 Upgrade on July 22
Source: Tradingview

Breaking $0.090 could open the path toward the major psychological resistance at $0.10 as per the future Pi coin outlook. But any failure to hold $0.074 may undermine the recovery and pressure it more towards $0.070. Further depreciation can bring the recent market minimum of around $0.066 back into the focus of traders.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Frequently Asked Questions (FAQs)

1. What is Pi Network Protocol v25?

Protocol v25 is Pi Network’s planned blockchain upgrade. It focuses on stability, reliability, privacy, and smart contract performance.

2. What features will Protocol v25 introduce?

The upgrade will add BN254 cryptography and Poseidon hashing. These tools can support privacy-focused and zero-knowledge applications.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

PI

Pi Network

$0.08819100 -1.3%

24 Hours volume

$3.74M

Market Cap

$973.84M

Max Supply

100B

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About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.