Pi Network Price Prediction Ahead of May 15 Mainnet Upgrade Deadline

Pi Network price remained under pressure on Friday as investors reacted to a weaker market ahead of the May 15 Mainnet Upgrade Deadline. The PI token fell by 4.92% in just 24 hours and settled around $0.170. 

The decline marked its third straight daily loss. The selling pressure also had an uptick as Bitcoin fell below the $80,000 mark during the market downturn.

The total crypto market also fell 0.82% to $2.66 trillion. Tensions between the United States and Iran reached new highs, leading to broader risk-off sentiment which weighed on market sentiment. 

The retail interest in Pi Network also waned even though the project’s founders were seen at the Consensus 2026 events recently.

May 15, 2026, Protocol 23 Upgrade Deadline

Pi Network recently informed all node operators on the Mainnet that they need to finish the Pi Network Protocol 23 upgrade before May 15, 2026. The team cautioned that nodes unable to be upgraded may lose network connectivity. 

Developers also noted they may take longer to update, too. The users were advised to start the installation at the earliest to avoid the last minute rush.

Reminder: All Mainnet nodes are required to complete the Protocol 23 upgrade by May 15, 2026 to remain connected to the network. This upgrade takes longer to complete, so please plan ahead.

Details: https://t.co/9VehO7hhj1

— Pi Network (@PiCoreTeam) May 8, 2026

Currently the network is capable of supporting desktop users, Nodes and SuperNodes. Regular Nodes validate transactions and assist with the blockchain operations. SuperNodes set the network synchronization and consensus 24/7.

Migration Progress and Decentralization Focus

Furthermore, Pi Network noted that it is continuing to work on enhancing migration speeds for users awaiting transferable balances. The project had Pioneers verify their KYC, fix their profile and become active in the app on a frequent basis. 

There were still some users that reported migration delays even after they performed all the checks. Others asked for more accurate status on where they were in the migration line.

The project remains to be heavily focused on decentralization and infrastructure stability in preparation for moving to Open Network. Instead of using energy-hungry proof-of-work systems, Pi Nodes work according to principles inspired by the Stellar Consensus Protocol. 

Meanwhile, Pi Network confirmed that its blockchain component will eventually become open source. While various enhancements are being made, the retail appetite for the token could further dampen the momentum of the price of the PI token in the near future.

Will Pi Network Price Bulls Defend The $0.1650 Support Zone?

As of the reporting, the price of PI plummeted to $0.1698 as sellers took control of the market.  The technicals were extending bearish signals over the four-hour chart.

The MACD indicator was below the signal line, and also had increasing downside momentum. On the other hand, the RSI indicator dipped close to 30, indicating that the market is oversold for PI coin.

The Pi network price may potentially fall back into the $0.1650 support zone soon if bearish pressure persists. A breakdown below that area could signal the way to the psychological support band at $0.16.  But a short bounce back to $0.1750 resistance is likely if prices hold above $0.1650.

If the bull market continues to climb, the future Pi coin outlook will need to break back up above the $0.1820 resistance mark.

If the momentum continues to be positive, the next bull market reversal could be right at the $0.190 resistance zone.