Pi Network price jumps 7% on Protocol 26 upgrade

Share Link copied Pi Network price rallied to an intraday high near $0.085 on July 30 as an approaching node-upgrade deadline revived demand, but short-term charts show buyers are already meeting resistance. Summary PI Network price climbed roughly 7% to $0.

085 after rebounding from the $0.074 support area. Mainnet node operators must complete the Protocol 26 upgrade by Aug.

11. 4-hour RSI recovered to 57.32, confirming improving momentum after the recent sell-off.

PI remains exposed to a double-top reversal unless buyers establish support above $0.085. Pi Network price rebounds from record lows According to data from crypto.

news, Pi Network (PI) price rose as high as $0.08496 on July 30 before easing toward $0.0826 at the time of writing.

The move extended its recovery from the $0.074–$0.075 demand zone, where buyers stepped in following a multi-day decline.

PI remains down by about 9% over the past seven days despite the rebound. CoinGecko data placed its market capitalization near $907 million, with approximately $11 million in 24-hour trading volume. The latest advance followed an extreme loss of momentum earlier in the week.

PI’s daily relative strength index had fallen to around 27, signaling its most oversold condition since trading began. You might also like: Malaysia arrests two over illegal Bitcoin mining operation, seizes 73 rigs Buyers subsequently produced a roughly 10% rebound from the local low. However, the daily chart shows PI still trading near the bottom of a much larger decline from its April high around $0.

20. The token is approximately 97% below its February 2025 all-time high of $2.99.

That wider performance keeps the current move within relief-rally territory rather than confirming a long-term reversal. Protocol 26 deadline drives renewed demand The immediate catalyst was the Pi Core Team’s announcement that Mainnet node operators must migrate to Protocol 26 by Aug. 11.

Nodes that miss the deadline risk losing their connection to Mainnet. The Pi Mainnet is upgrading to Protocol 26. Deadline: Aug.

11.All Mainnet node operators must complete the upgrade before the deadline to remain connected to the network. Details here: https://t.

co/9VehO7hhj1Protocol 26 is a major milestone ahead of the final planned upgrade,…— Pi Network (@PiCoreTeam) July 29, 2026 Pi Network’s official node page confirms that every Mainnet node must upgrade to version 26. The team described the release as the ninth upgrade completed during the current migration sequence, with Protocol 27 expected to finish the planned series.

“With 8 successful upgrades completed over the past few months, these final two upgrades will bring the network up to date with the latest protocol features, improvements, and functionality.” Protocol 26 may improve confidence that Pi Network is advancing its technical roadmap. The project has connected the broader upgrade sequence with its plans for greater decentralization, open-source node infrastructure, and expanded network functions.

Still, the announcement does not remove the project’s supply problem. Around 128 million PI tokens are reportedly scheduled to unlock during August, worth more than $10 million at the current price. New supply could limit the rally if spot demand remains weak.

PI breakout faces resistance near $0.085 The 4-hour chart shows PI breaking above the upper boundary of a descending parallel channel that had controlled price action since July 20. The move represents an early bullish change in short-term market structure.

Pi Network price has broken out of a descending parallel channel pattern on the 4-hour chart — July 30 | Source: crypto.news Momentum has also improved. The 4-hour RSI rose to 57.

32, above its moving average of 46.73 and the neutral 50 level. That reading suggests buyers have regained control without pushing PI into overbought territory.

PI has now reached its 4-hour Supertrend resistance at approximately $0.0828. A sustained close above that indicator and the recent $0.

085 high would strengthen the breakout and expose $0.090 as the next psychological level. Above it, the daily Fibonacci chart places the next major resistance at $0.

09796. That level represents the 78.6% retracement of the decline from roughly $0.

20 to $0.0702 and sits close to the important $0.10 threshold.

Pi Network price daily chart — July 30 | Source: crypto.news Daily indicators show early signs of stabilization but not a completed reversal. The moving average convergence divergence histogram has turned marginally positive, while both MACD lines remain below zero.

Stochastic RSI readings of 67.78 and 61.76 show strengthening momentum without reaching the overbought zone.

Losing $0.080 would weaken the breakout and bring the 4-hour Supertrend support near $0.0759 back into view.

A deeper decline below $0.074 could expose the all-time-low region around $0.0702.

Analyst warns of double-top reversal Crypto analyst Gopal identified a possible double-top pattern on PI’s one-minute c