Pi Network Climbs Above $0.1500 Following Mainnet Upgrade 🔜
Following a major infrastructure upgrade to its mainnet nodes, Pi (PI) has reclaimed the $0.1500 level after dropping below this critical area on Tuesday. The core team announced that major mainnet nodes have successfully upgraded to Stellar protocol version 23.
At press time, PI is trading around $0.1518, extending recent losses while technical indicators hint at a possible short-term rebound. Momentum indicators suggest selling pressure may be weakening with the Relative Strength Index (RSI) dropping below 29, forming a positive divergence as price approaches Tuesday's low of $0.1463.
A successful breakout above the $0.1519 resistance level could open the door for a stronger recovery toward the 50-period EMA at $0.1605 and the 200-period EMA near $0.1709. However, the recent low at $0.1463 remains a critical support zone.
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