The post Pi Network price forecast ahead of the V23 Protocol Upgrade appeared on BitcoinEthereumNews.com.

Pi Network price tests breakout at $0.3610 with $0.344 as key support. Pi Network ecosystem expands with PiOnline, v23 upgrade, and Token2049 spotlight. Whale buys 350M+ PI, but daily unlocks risk supply dilution. Pi Network’s native token, PI, is showing renewed signs of life after weeks of sluggish performance, supported by ecosystem expansion, protocol upgrades, and whale accumulation. The upcoming V23 Protocol Upgrade on September 15 has become a key catalyst, drawing attention to whether PI Coin can sustain its recent rebound or slip back into weakness. Bulls test a fragile breakout PI Coin has managed modest gains in recent sessions, climbing more than 3% in the past 24 hours to trade around $0.3549. This rebound comes after a month-long decline of nearly 12%, reflecting cautious optimism among traders. Analysts note that the token has been testing the upper boundary of a falling channel, with a close above $0.3610 needed to confirm a breakout. If that move is sustained, the next obstacle sits at the 50-day exponential moving average near $0.3836. Technical indicators are also showing bullish signals, with the MACD line and its signal counterpart on a steady uptrend, hinting at growing bullish momentum. The RSI has also recovered toward neutral territory near 50, showing an increase in buying pressure after weeks of subdued sentiment. According to market analysis by CoinLore, holding above $0.3426 is critical for bulls to target higher levels, with resistance levels set at $0.4767, $0.5931, and $0.7742. Ecosystem expansion fuels renewed optimism Beyond technicals, Pi Network’s ecosystem expansion has provided fresh energy. The launch of PiOnline, a hybrid gaming and DeFi application with staking and DAO governance, has been well-received by the community. In addition, Pi has taken a Gold Sponsorship slot at the upcoming Token2049 conference in Singapore, offering the project a major visibility boost…

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Filed under: News - @ September 12, 2025 12:30 pm