- PI holds inside a rising wedge near $0.09, needs a break above $0.10 to turn bullish
- App Studio creation fees jumped to 30.30 PI from the old flat 0.25 PI rate
- OpenPay says it’s completed its part, now waiting on Pi Network’s approval
PI price is consolidating inside a rising wedge formed since the July low near $0.070. That pattern usually resolves with a sharp move, not a slow grind, and after this steep a prior downtrend, wedges like this break down more often than they break up.
Pi Network Price Analysis: Is PI’s Rising Wedge About to Break?
PI bottomed near $0.070 in late July and has spent the following month building a rising wedge, with both the support and resistance lines sloping upward but converging toward each other. Price is currently trading at $0.08978, down 0.49% today, sitting comfortably inside the wedge rather than near either boundary.
The Parabolic SAR sits at $0.08782, just below current price, keeping the very short-term signal bullish, though barely. The 20-day EMA at $0.08940 is essentially where price is trading right now, meaning PI is testing that average rather than clearly above or below it. The 50-day EMA at $0.09411 sits just overhead as the next resistance, while the 100-day at $0.10984 and 200-day at $0.15040 remain far above, both still reflecting the steep decline that ran from April through July.
Related: VeChain Price Prediction: Can VET Get Back to Its 2024 Market Cap?
Rising wedges that form after a strong prior downtrend often break to the downside more often than not, which is worth keeping in mind given how sharply PI fell into its July low. A confirmed break below the wedge’s lower boundary would suggest sellers are back in control; a break above both the wedge and the 50-day EMA would be the more convincing bullish signal.
PI Support and Resistance Levels, August 27, 2026
| Type | Price | Level |
| Resistance | $0.08940 | 20-day EMA |
| Resistance | $0.09411 | 50-day EMA |
| Resistance | $0.10984 | 100-day EMA |
| Support | $0.08782 | Parabolic SAR |
| Support | $0.070 | Wedge origin, July low |
Pi Network News: App Studio Fees Jump to 30.30 PI for Creation, 2.5 PI for Editing
Pi Network raised its App Studio fees sharply. App creation now costs 30.30 PI and editing costs 2.5 PI, according to Pi News Media, a major jump from the prior flat rate of 0.25 PI for both.
Why the change:
- Pi Network wants fees to reflect actual AI service costs, not stay subsidized across the board
- The goal is fewer low-quality and spam apps
- Creators with real user engagement can still qualify for subsidized pricing under Pi’s earlier framework
Net effect: entry costs just rose sharply for anyone building without an established user base already.
Pi Network News: OpenPay Says It’s Done Its Part, Waiting on Pi Network’s Approval
Payment platform OpenPay published a statement addressing community frustration over its Mainnet integration status, saying it has completed and submitted all requirements on its end. This includes a submitted KYB, or Know Your Business, application, along with implemented Pi Authentication and Pi Payments integrations and a built-out OUSD token ecosystem.
Related: Bitlayer Price Prediction: BTR Token Unlock Hits $2.8M as BTR Price Surges 465% in Seven Days
OpenPay said the remaining steps, including Mainnet listing and token launchpad approval, are now entirely on Pi Network’s side, and that it has no control over the timeline for that internal review process. The statement was framed as a direct response to Pioneers questioning whether OpenPay’s integration was incomplete, with OpenPay maintaining that it’s ready and waiting on Pi Network’s official response.
Pi Network News: Protocol 27 Moves to Testnet Ahead of September 15 Mainnet Target
Following the completed Protocol 26 upgrade on Pi Mainnet, Pi Network confirmed Protocol 27 is now live on Testnet.
The upgrade introduces more flexible and secure smart contract authentication, giving accounts and applications more advanced ways to authorize transactions as part of Pi’s ongoing work to expand its smart contract capabilities. Pi Network has set a target date of September 15, 2026 for the Mainnet rollout of Protocol 27.
PI Price Prediction: Upside and Downside Targets
Bullish Case, Target: $0.10984 (100-day EMA)
PI breaks above the rising wedge’s upper boundary and clears the 50-day EMA at $0.09411 on a daily close, invalidating the more common bearish resolution for this pattern. Continued progress on Protocol 27 ahead of its September 15 target and any positive movement on OpenPay’s Mainnet approval would support renewed buying interest. A confirmed breakout opens the path toward the 100-day EMA at $0.10984.
Bearish Case, Risk Level: $0.070 (Wedge Origin)
PI breaks down through the wedge’s lower boundary, the more statistically likely outcome for this pattern given the steep downtrend that preceded it. Rising App Studio fees could dampen near-term app creation activity, and continued uncertainty around OpenPay’s approval timeline adds to the cautious backdrop. A confirmed breakdown exposes the July low near $0.070.
Our Take: The Fee Hike and OpenPay’s Wait Are the Same Problem
Pi Network raised App Studio fees to filter out weak apps. But OpenPay, a partner that’s already finished KYB and built real infrastructure, is still stuck waiting on Pi’s own review process.
That’s the real bottleneck, it’s not developer quality, it’s Pi’s internal approval pipeline. Until that clears up, higher fees just make it more expensive to try, not more likely to get approved.
FAQs
PI trades near $0.08978 inside a rising wedge that’s formed since the July low. The bullish target is $0.10984 at the 100-day EMA, while the bearish risk level is $0.070 at the wedge’s origin if the pattern breaks down instead of out.
Pi Network wants App Studio fees to reflect actual AI service costs rather than staying subsidized across the board, with a stated goal of reducing low-quality and spam app creation. Creators with real user engagement can still qualify for subsidized pricing.
OpenPay says its own end is fully complete, according to its official statement. The platform says it’s submitted its KYB application and implemented Pi Authentication, Pi Payments, and its OUSD token ecosystem, with Mainnet listing and token launchpad approval now entirely dependent on Pi Network’s internal review.
Rising wedges that form after a steep prior downtrend statistically resolve to the downside more often than they break up, since the pattern often reflects a weak, grinding recovery rather than genuine reversal strength. PI’s wedge formed after a steep April-to-July decline, the exact setup where that downside bias tends to hold.
It’s Pi Network’s latest upgrade, introducing more flexible and secure smart contract authentication. It’s now live on testnet, with a targeted mainnet rollout of September 15, 2026.
PI is sitting inside a chart pattern that statistically favors sellers, and two separate stories this week point to the same internal bottleneck at Pi Network rather than resolving it. This is not financial advice, so weigh the bullish and bearish cases above against your own research and risk tolerance.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Be the first to comment