Pi Network has a small fall this week and PI prices hover around $0.088. In the previous week, the currency had risen by more than 6 per cent, but it was still at the US$ 0.10. The market focus is turning to Pi Network, which is about to upgrade its main network.

Test net is online Protocol 27

Pi Core Team indicates that Protocol 27 was launched on Pi Test Online last Saturday. This update is mainly a preparation for a more advanced smart contract authentication function, with the aim of giving applications and users more access to transaction certification.

The first deployment of the test network means that the developer can verify the performance of functionality before the main online line. According to the team arrangement, Protocol 27 is scheduled to be on the main line on September 15.

This update is considered to be an ecological technological advance in Pi, but the market is still watching whether it will be possible in the short term to direct the price of the coin.

The price is still under $1.022. Production

In the light of current trends, the PI is still in the sorting room. The article mentions that the short-line support position is $0.0853, the main resistance position above is $0.022, and the full value of $0.10 remains a key point of concern.

  • The current price is about $ 0.0880
  • Near-end support position at $0.0853
  • The upper resistance range is 0.1000 to 0.1022 dollars.

If the price is 0.1022 on the effective station, the next main resistance may be moved upward to 0.1204. But before the breakthrough, the PI was still in a weak shock, and the buyout had not yet taken full initiative.

Indicators show that markets are still neutral

In terms of technical indicators, the solar-line MCD is still slightly above the signal line, suggesting that the market is not completely deprived of a purchaser's support, but the kinetic energy is not sufficient to confirm a continuous upswing.

At the same time, the relative strength and weakness index RSI is about 48, close to the neutral region. This usually means that there is a temporary balance of power between buyers and sellers and that short price lines are more likely to sustain inter-zone fluctuations.

If $0.0853 supports the loss, the PI may look further at the upward trend line around $0.0785. The previous low of 0.0703 may also be tested again if the pressure continues to expand.

Overall, Protocol 27 upgrades have brought new technological expectations to Pi, but the PI shortlines are still largely centred around support and resistance zones until a clearer catalytic emerges.