Why pi coin price is up today?

Frank bevah
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.
Read full bio
coingape google news
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights 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.
Why pi coin price is up today?
Sponsored This page may contain affiliate links. If you sign up through these links, we may earn a commission at no additional cost to you. This does not influence our editorial reviews or rankings.

Highlights

  • Pi Coin price gains as RoboPay partnership expands potential real-world payment utility.
  • Protocol 26 upgrade strengthens optimism around security, interoperability, and scalability.
  • Breakout above $0.095 could target $0.10, then $0.11 levels.

Pi Network price rose about 6% to $0.0910 during the past 24 hours, outperforming much of the cryptocurrency market. PI moved between $0.0857 and $0.0953 before easing from its peak. 

Traders were intrigued by a RoboPay partnership and Protocol 26 upgrade. Wider cryptocurrency optimism also supported Thursday’s active trading session.

Crypto Market Rally and CLARITY Act Vote Boost Pi Network Sentiment

Pi coin price gained momentum as the broader cryptocurrency market rose nearly 1% to $2.21 trillion. Bitcoin price traded at $64,700, and Ether hovered above $1,900 in the crypto market recovery.

XRP price also changed hands near $1.04 as investors returned to several major digital assets. Regulatory expectations in the United States added another layer of support to market sentiment.

Traders closely watched developments surrounding the CLARITY Act and its possible effect on cryptocurrency regulation.

The proposed bill is meant to offer more concrete rules of oversight of digital commodities and trading platforms. The speculation surrounding the vote stimulated short term positioning in Bitcoin, Ether, and XRP, as well as smaller tokens.

The increased risk appetite helped Pi to outperform the broader market in the session.

RoboPay Partnership Expands Pi Network’s Real-World Payment Utility

Interest in Pi strengthened after Fabric Foundation announced Pi Network as an official RoboPay payment partner.

The deal enables PI to facilitate payments throughout the robotic payment infrastructure of Fabric.

RoboPay is created to be used with autonomous robots and artificial intelligence equipment based on the physical intelligence stack of OpenMind.

The integration may broaden the use of PI beyond transfers, exchange trading and peer-to-peer payments.

The development was perceived by market players as a step in the right direction leading to realistic applications in the rapidly emerging automated economies.

The adoption will however be limited to the participation of the merchants, demand of the transactions and effective technical integration.

The collaboration continued to enhance the mood since it linked Pi Network with an emerging type of payments.

Protocol 26 Mainnet Upgrade Fuels Bullish Outlook for Pi Price

Protocol 26 also supported demand as node operators prepared for the upcoming Mainnet upgrade deadline. The Pi Core Team asked operators to install Protocol 26.1 before August 11.

The upgrade will enhance the state management, smart contracts security, interoperability, and database migrations.

It also builds on Protocol 25’s BN254 cryptography and Poseidon hashing features. According to Pi Network, Protocol 26 was one of the requirements ahead of the scheduled Protocol 27 upgrade.

Is Pi Coin Price Preparing for a Major Breakout Above $0.10?

At the time of writing, the PI token traded near $0.09049, up by 5% on the latest four-hour candle. PI coin price is within an ascending channel on the four-hour timeframe. The first upside target would be around $0.095, where recent candles had resistance.

A breakout that is confirmed over the level of $0.095 would propel PI to the psychological level of $0.100. A lasting trend of over $0.10 may reveal the next medium-term target at $0.110.

The Relative Strength Index is 64.35, and its moving average is close to 60.36. The Chaikin Money Flow indicator is at 0.10 which indicates positive capital flow in the market.

Why pi coin price is up today?
Source: TradingView

A rejection around $0.095 may drive the future Pi coin outlook towards the rising channel support. A close below $0.088 in the four hours would undermine the setup to reveal $0.085. Additional losses might bring PI back to $0.080, where past consolidation formed a more solid support area.

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.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Frequently Asked Questions (FAQs)

1. Why is Pi Coin price rising today?

Pi Coin is rising due to stronger market sentiment, increased trading activity, and recent ecosystem developments. The RoboPay partnership and Protocol 26 upgrade have attracted fresh trader interest.

2. What is the Pi Network and RoboPay partnership?

Pi Network joined RoboPay as an official payment partner through the Fabric Foundation. The integration could allow PI payments across robotic and artificial intelligence infrastructure.

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.

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.