Will Pi Network Price Soar on Sunday? Watch These 3 Things Closely

Frank bevah
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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Will Pi Network Price Soar on Sunday? Watch These 3 Things Closely

Highlights

  • Pi Network price awaits Pi2Day updates to receive more powerful recovery signals.
  • Pi above $0.13 is required to overcome $0.1350 resistance in the near future.
  • Weak indicators expose Pi to the pressure of $0.1250 support near-term.

Pi Network price is holding near $0.129 as traders watch for a possible recovery before Pi2Day on Sunday. PI gained 0.785% in 24 hours, showing modest resilience after last week’s 4% decline.

The action was also in response to the broader crypto market recovering marginally. The overall crypto market cap increased by 0.47%, and Bitcoin price remained near the $62,000 mark.

Pi price continues to trade under the near-term buyer level of $0.13. A stronger move above that area could improve sentiment ahead of June 28.

The focus is the broader market mood. Easing U.S.-Iran tensions and crypto policy discussions, including the CLARITY Act hearing, may shape risk sentiment. Nevertheless, the next move of Pi will be based on actual updates, market strength, and buyer confidence this week. 

Pi2Day on June 28 Could Shape Pi Network Price Sentiment

Pi Network Day, also called Pi2Day, on June 28. The event frequently introduces ecosystem updates and new discussion within the community. The traders will monitor announcements of KYC, utility, listings, or Launchpad progress.

But Pi2Day tends to be less hyped than the March event. Real updates are more vital this time. Assuming developers provide substantial progress, Pi would draw new purchasing attention. Weak anouncements can cause the price to be speculation-dominated.

Pi Mainnet Upgrade Moves Toward Next Protocol Phase

The initial one is the mainnet upgrade, which is still core to the technical roadmap of the project. The majority of operators of the Mainnet nodes have switched to Protocol v25. Such an advancement assists in getting the network ready to the subsequent upgrade.

A potential next step towards Stellar Protocol 27 is now under observation, Protocol v26.0. The enthusiasts anticipate more security, less processing, and enhanced infrastructure to be used in the future. Nevertheless, the price response might be contingent on delivery, and not community optimism.

Will Pi Network Price Recover Before Pi2Day on June 28?

The most recent price of the Pi network was around $0.1294 in 4-hour chart.  Pi was now under pressure having not been able to maintain above the resistance zone of $0.1350. 

Short-term resistance is at $0.13. A more vigorous breakout would open the path to $0.1350. Assuming buyers clear over that level, the future Pi outlook can next look at $0.14 before Pi2Day on June 28.

The RSI is around 37.40 with a weak buying momentum. The MACD also remains negative on the chart. MACD line is lower than the signal line.

Will Pi Network Price Soar on Sunday? Watch These 3 Things Closely
Source: PI/USDT 4-hour chart: Tradingview

Nevertheless, the risk of the downside is still at work. The major support area is around $0.1250. Any break below that would reveal $0.12 in the short-term.

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 could affect Pi price this week?

Pi2Day updates, network upgrades, broader crypto sentiment, and buyer confidence could affect Pi price.

2. What is Pi2Day?

Pi2Day is a major Pi Network community event that often brings ecosystem discussions and updates.

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.