Pi Network's price remains stagnant between $0.165 and $0.178, with a critical resistance level at $0.171. Despite the bearish price trend, the MACD indicator suggests fading selling pressure, hinting at potential momentum shifts.
A crucial deadline looms for Pi Network as node operators must upgrade to Protocol 22 by April 27 to avoid disconnection. This upgrade is part of a broader sequence, with Protocol 23 expected to introduce smart contracts by May 18. Meanwhile, whale activity shows significant accumulation, with 350 million PI tokens purchased, indicating long-term confidence. However, the impending unlock of 230 million PI tokens poses a potential headwind for price recovery.
Pi Network Faces Key Upgrade Deadline Amidst Price Stagnation
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