Pi Network's price rose 2.73% to $0.1882, entering the Bull Market Support Band, with a confirmed bullish Supertrend at $0.1670. The network completed its Protocol 22 upgrade on April 27, paving the way for Protocol 23's smart contract deployment expected in May. Over 10 billion PI tokens have migrated to Mainnet, with 6 billion still locked, indicating holders are retaining their assets amid the upgrade.
The daily chart shows PI inside the Bull Market Support Band for the first time since April's recovery, with the band ranging from $0.1841 to $0.2045. A double bottom pattern on the 4-hour chart suggests a potential move towards $0.2200 if PI closes above the $0.1900 neckline. The successful Protocol 22 transition, supported by over 421,000 nodes, sets the stage for Protocol 23, which aims to transform Pi into a platform for decentralized applications.
Pi Network Eyes Smart Contract Launch in May, Price Targets $0.2045
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