PI Holds Key Support as Protocol 20 Upgrade Completes

• Pi Network trades at $0.1775, down 0.50%, sitting at the lower boundary of a descending channel with SAR support at $0.1704 on the 4-hour chart.
• CMF hits 0.37 on the 30-minute chart as RSI holds above 50, suggesting money is flowing in despite the downtrend.
• Protocol 20 upgrade completed successfully on Mainnet, laying the foundation for smart contract support ahead of the v21 upgrade.

Pi Network trades at $0.1775, down 0.50%, six days after the $0.30 peak that marked the Kraken listing and Pi Day excitement. The 40% pullback from that high has been orderly rather than panicked, and price is now sitting at the lower boundary of a descending channel on the 30-minute chart with CMF turning positive. The Protocol 20 upgrade completing today gives the ecosystem a concrete development milestone while the price finds its footing.

4-Hour Chart: All Four EMAs Above Price As SAR Holds Below

The 4-hour chart shows the full arc of PI’s March move. Price rallied from $0.18 to $0.30 ahead of the Kraken listing and Pi Day on March 13, then reversed sharply. The 20-day EMA crossed below the 50-day EMA during the descent, confirming the short-term momentum shift. All four EMAs now sit above price between $0.1836 and $0.1986, forming a resistance band that PI needs to reclaim to change the picture.

The SAR has flipped to support at $0.1704, sitting below current price. That is the level where the 4-hour bearish structure starts to matter. As long as price stays above it, the move from $0.30 reads as a corrective pullback within a broader recovery rather than a trend reversal.

Key levels:

• SAR support: $0.1704
• 20-day EMA resistance: $0.1836
• 50-day EMA resistance: $0.1971
• 100-day EMA resistance: $0.1986
• Key recovery target: $0.20

30-Minute Chart: Descending Channel With Positive Money Flow

The 30-minute chart shows PI inside a descending channel from the March 13 highs, with price pressing the lower channel boundary near $0.1775. RSI at 53.96 is above the signal line at 50.44, sitting in neutral-to-bullish territory without showing any continuation of the downtrend momentum. The CMF at 0.37 is the most interesting reading. Despite six days of falling price, capital is flowing in at the current level.

A break above the channel upper boundary, currently near $0.1900 to $0.1950, would be the first signal that the correction has ended. Until then, $0.1704 SAR is the floor and the channel upper band is the ceiling.

Key 30-minute levels:

• Channel lower boundary: ~$0.1760 rising
• Channel upper boundary: ~$0.1900 to $0.1950
• SAR floor: $0.1704
• First recovery target: $0.20

Protocol 20 Is Live: Smart Contracts Are Next

The Pi Core Team confirmed the Mainnet successfully upgraded to Protocol 20, described as laying the foundation for smart contract support. Node operators have been asked to update their systems ahead of the upcoming v21 upgrade. This is not a minor housekeeping update. Smart contract capability is the single most requested infrastructure addition for Pi, and Protocol 20 completing is the prerequisite for everything that comes next.

The timing adds context to the post-Pi Day selloff. The Kraken listing and Pi Day drove speculative positioning. When those events passed without immediate price continuation, the crowd that bought the rumor sold the news. But the underlying development pipeline did not stop. Protocol 20 shipping on schedule while price corrects is a healthier setup than a token that rallies without technical progress to back it.

Outlook: Will Pi Network Go Up?

• Bullish case: PI holds the $0.1704 SAR support, breaks above the descending channel upper boundary near $0.1900 to $0.1950, and reclaims the $0.20 resistance zone. The 20-day EMA at $0.1836 is the first checkpoint. CMF staying positive through the channel breakout would confirm accumulation rather than dead-cat bouncing.
• Bearish case: A break below the $0.1704 SAR removes the last short-term support and opens the descending channel lower boundary projection near $0.155 to $0.14. Failure to hold $0.18 on any bounce attempt would extend the correction further before a base forms.