Pi Network Price Gains as Protocol 27 Mainnet Upgrade Approaches

TLDR:

• Pi Network price traded near $0.0917 on August 29, gaining about 0.4% while daily turnover fell roughly 20% to $5.40 million.
• Protocol 27 targets Mainnet deployment on September 15, bringing stronger smart contract authentication after its Testnet rollout.
• Pi Testnet activity includes booking escrow functions, DEX and AMM tools, though none proves that lasting Mainnet demand has arrived.
• PI must close above $0.0951 before testing $0.10 and $0.11, while near-term support sits at $0.087 to $0.088, then $0.085.

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Pi Network price traded near $0.0917 on August 29, adding about 0.4% over 24 hours. The move came while the broader crypto market faced renewed selling, drawing attention to PI’s relative strength. Market attention centers on Protocol 27, which targets a Mainnet release on September 15. Still, weak participation limits that narrative. 

Daily turnover stood near $5.40 million, roughly 20% lower than one day earlier. Buyers have supported PI above $0.09, but they have not produced a convincing volume expansion. Therefore, the latest rise resembles cautious positioning before a known catalyst, rather than a confirmed breakout with broad market demand.

Pi Network Price Builds on Protocol 27 Expectations

The Pi Core Team says Testnet runs Protocol 27 and targets September 15 for Mainnet. The update introduces more flexible and secure smart contract authentication. This framework lets accounts and decentralized applications approve actions with tighter controls.

Recent Testnet activity offers an early example. Wallet records linked to the BNPi booking app displayed escrow functions on August 27. Those calls included server_auto_release and release_booking_escrow. They release Test-Pi after booking conditions are met or predefined dispute rules apply.

Pi has also tested a DEX, automated market maker pools and a Launchpad. In July, 242,000 users committed 15.92 million Test-Pi for 10 million SLICE test tokens. The related pool uses a constant-product swap formula. These products remain on Testnet and do not establish Mainnet demand.

That distinction shapes the price case. Protocol 27 could give developers stronger infrastructure, but usage must follow. More applications would support transactions and liquidity. Without active users, Pi coin price may stay dependent on speculation.

Pi Desktop is widening its utility story. Node version 0.6.2 added OpenClaw and an Atlassian MCP Server to SoloHost. OpenClaw can use local or cloud-hosted models while storing memory locally. The second tool connects compatible AI clients with Jira. Pi says SoloHost can reach 420,000-plus node runners, though SoloHost is still in beta.

Technical Levels Keep a $0.10 Breakout Firmly in Focus

The 50-day average at $0.0951 marks immediate resistance. A daily close above it could open a $0.10 test. The next supply area sits around $0.11, where previous buyers may seek exits. Clearing both requires stronger turnover than the latest session produced.

Momentum readings do not confirm such a move. The four-hour relative strength index stood near 44, below its neutral midpoint. Meanwhile, MACD at 0.00020 trailed its 0.00022 signal line. The negative histogram showed upward momentum fading, despite both lines staying above zero.

Near-term support sits between $0.087 and $0.088. A deeper pullback could expose $0.085, followed by $0.080. The broader base near $0.075 would become relevant if sellers break those zones. Holding $0.09 would keep the Pi Network price close to its first resistance test.

Liquidity is a central weakness for Pi Network price. CoinGecko tracked about $5.40 million in 24-hour volume, down roughly 20% from the previous day. The token’s market value was near $1.02 billion, supported by 11 billion circulating PI. Those figures show scale, but low turnover can amplify short price swings.

The September event also competes with continuing token unlock concerns. New supply can absorb buying interest, especially when spot activity is thin. Therefore, Pi Network price needs stronger volume before any move above $0.0951 looks durable. A breakout backed by rising turnover would strengthen the case for $0.10 and $0.11.

Pi coin price currently sits between improving development and restrained participation. Protocol 27 gives Pi Network price a dated catalyst, while smart contracts, DEX tools and AI applications broaden utility. Price confirmation still depends on buyers firmly defending $0.09 and converting the $0.0951 ceiling into support.

The post Pi Network Price Gains as Protocol 27 Mainnet Upgrade Approaches appeared first on Blockonomi.

Source: https://blockonomi.com/pi-network-price-gains-as-protocol-27-mainnet-upgrade-approaches/