Swezerland

PI NETWORK STILL ON A DOWNWARD MOVEMENT TODAY:23 JULY

Key Support Under Pressure

After some back-and-forth, PI has returned to the $0.13 key support level. Buyers tried to push this cryptocurrency higher toward the $0.16 resistance, but their attempt was short-lived, and the price reversed.

In the past week, sellers have dominated the chart, and they appear keen to break the support at $0.13. If they are successful, and this level turns into a key resistance, then the next target for sellers will be at $0.10.

Downtrend About to Resume?
A major concern based on this price action is a resumption of the downtrend, with new lows expected. That is likely to happen as soon as $0.13 is lost. That’s also why this level is critical for bulls to hold. Any weakness there will quickly be exploited by sellers.

Ideally, the price should have reacted strongly at the $0.13 support level, but buyers only managed a very small bounce, which was quickly sold into. Without any bullish momentum present, sellers have an opening to take PI lower.

MACD Shows Weakness

While the daily MACD is on the bullish side, this has turned flat on the histogram for over a week, and now it’s making lower highs. That’s a clear sign of a possible reversal in the future that could lead into a bearish cross.

Moreover, the moving averages are curving down. That’s another sign that buyers are no longer in control, despite their best efforts from earlier this month. Keep a close eye on the $0.13 level as that will decide where PI goes next.

PI NETWORK ISSUES WARNING TO NODE OPERATORS TO UPGRADE TO PROTOCOL V25 OR FACE EXCLUSION AS PI TOKEN TRIES TO STABILIZE AFTER A SHARP DROP

Pi Network has issued a strict warning to node operators to migrate to Protocol v25 by June 18, 2026, or risk being disconnected from the Mainnet, threatening network integrity. This technical upgrade is crucial amid a recent sharp drop in the PI token price, which has found temporary support around $0.13 after falling below $0.12. The Core Team is also boosting the ecosystem with new applications like GalaxyPi to increase real utility and reduce reliance on speculation. The network's future depends on successful technical transition and overcoming key market resistance at $0.14 to regain investor confidence.