Pi Network rebounds 10% as $0.09 breakout nears
Pi Network (PI) has gained more than 10% this week, driven by rising volume, the Protocol 26 Mainnet upgrade build-out, and a new RoboPay payment integration. Trading volume jumped 75% to about $11.5 million.
Technically, PI is testing resistance near $0.0882–$0.0900 on the 4-hour chart. It reclaimed the 20-day simple moving average at $0.08513, and Chaikin Money Flow turned positive. On the momentum side, the 4-hour RSI is around 61.97—strong, but still below the overbought level.
A clean 4-hour close above $0.090 would be the first clearer confirmation of a near-term breakout; otherwise, traders may treat the move as a resistance test. The article also notes nearby downside support around $0.0845–$0.0851. Wider resistance remains overhead: PI is still below the 50-day SMA ($0.10218), 100-day SMA ($0.12807), and 200-day SMA ($0.15230).
Fundamentals/news catalysts: Pi Core Team set an Aug. 11 deadline for Mainnet node operators to upgrade to Protocol v26 or risk losing Mainnet connectivity. The upgrade is positioned as a major milestone for contract safety and interoperability, but it does not guarantee sustained demand for PI.
Separately, Fabric Foundation said Pi Network joined RoboPay as a payment partner, enabling PI payments for robot services across the Fabric network. However, availability and adoption of these services are not yet proven, so the impact on token demand remains uncertain.
For traders, the key event-risk window is the Aug. 11 upgrade deadline, with potential volatility if execution expectations are missed or exceeded. Pi Network’s near-term trade hinges on whether buyers can convert the volume surge into a move through $0.090.
Bullish
The news is broadly bullish for Pi Network traders but not yet a confirmed trend reversal. The combination of a >10% rebound, a 75% volume jump, and positive capital-flow signals (Chaikin Money Flow turning positive) supports near-term momentum.
Crucially, PI is actively pressing into a well-defined resistance band at $0.0882–$0.0900. In past upgrade-driven pumps, tokens often react positively into the deadline (buying the narrative), then either follow through after a breakout close or fade if the event is “priced in.” Here, the upgrade deadline (Aug. 11) is a clear catalyst that can keep speculative demand elevated into the event, increasing the odds of volatility.
However, the article also flags that PI remains below longer-term moving averages (50/100/200-day SMAs), which typically acts as supply overhead. That means traders should expect chop or mean reversion unless PI can secure a 4-hour close above $0.090 and later reclaim the $0.10 area.
Overall: near-term bias leans bullish due to volume and a potential $0.09 breakout setup, but follow-through to a larger trend still depends on clearing major moving-average resistance and sustaining demand beyond the Protocol 26 news cycle.