Pi Network Price Outlook Ahead of Protocol 23 Launch on May 11
Highlights
- Pi struggles below $0.20 resistance as sellers maintain pressure
- Protocol 23 upgrade may drive adoption through smart contract features
- Pi Network price consolidation likely between $0.1750 and $0.19 near term
Pi Network Price remains under pressure as traders weigh recent declines against upcoming network upgrades and broader crypto market momentum. The token hovered at $0178, having not been able to hold above a major resistance point.
Pi had previously increased to about $0.20 after being confirmed with Protocol 22 upgrade, and it was its highest point in the monthly history, before being intervened by sellers.
The near-rejection at around $0.20 seems to be associated with heightened selling, which was partly caused by a recent token unlock event.
What’s Next For Pi Coin Ahead of Protocol 23 Launch on May 11
The Pi Network Core Team has declared the implementation of Protocol 23, a major upgrade to the Mainnet that will force all node operators to migrate by May 15. This upgrade will bring native smart contract functionality, which may expand the ecosystem with decentralized applications and real-world applications.
🚨 Pi Network Mainnet Upgrade Alert! 🚨
🔄 The Pi Mainnet is upgrading to Protocol 23
⏳ Deadline: May 15, 2026⚠️ All Mainnet node operators MUST complete this upgrade to stay connected to the network.
💡 This update includes deeper system changes & may take longer than… pic.twitter.com/rWC1EHvlHh
— Pi Core Team ᵖⁱ ⁿᵉᵗʷᵒʳᵏ (@PiCoreGroup) May 2, 2026
This is seen by developers and community members as one of the key steps in enhancing the utility of network and adoption in the long term.
The node operators will be at the center of ensuring that the network is stable, and, therefore, they need to be involved in this transition promptly.
The Core Team pointed out that such an upgrade can be more complex than the past upgrades, potentially including more technical changes to node software or data stored. Slower hardware or connection operators have been encouraged to start the process early in order to eliminate last-minute problems.
Market Sentiment and Listing Speculation
In addition to the upgrade, sentiment is also being affected by speculation of other listings on the exchange. Pi already has a listing on Kraken, exposing it to a broader pool of investors. Market observers feel that additional listings on the large platforms may be a trigger, enhancing liquidity and visibility.
In the meantime, the overall cryptocurrency market has been relatively strong, with the total market value up approximately 0.93% in the last 24 hours.
Bitcoin price was at the forefront of this movement, with a rise of more than 1% as institutional ETF inflows reverted to a positive. Ether and XRP also gained less, which led to the overall improvement of the market.
Pi Network Price Prediction: Key Levels To Watch
The pi coin was trading at 0.1779 in the last session with slight weakness after a recent rejection at the $0.20 resistance.
The Relative Strength Index remains near neutral levels, indicating a lack of strong momentum from either side.
Should the future Pi coin outlook regain the $0.19 position with high volume, it may revisit another push to $0.20. The short term may see it break out to $0.21 in case it breaks out above $0.20.
Nevertheless, inability to overcome the opposition can maintain the price within the range of $0.1750 to $0.19.
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Frequently Asked Questions (FAQs)
1. When is the Protocol 23 upgrade deadline?
2. How will Protocol 23 impact Pi Network?
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