Pi Network delayed Protocol 23 from May 15 to May 19, but PI price is still stuck near $0.16 with weak momentum.

The project is pushing toward Layer 1 infrastructure, smart contracts, and real utilities, yet the market still wants proof before reacting bullish.

Key levels now: • Resistance: $0.165

• Support: $0.155

• Breakdown zones: $0.150 → $0.145

Right now, PI looks less like a breakout setup and more like a market waiting for confidence.