Crypto Potato 2026-03-09 14:54:57

Pi Network’s Price Skyrockets 30% Weekly: Can v20.2 Protocol Update Push PI to $0.30?

The past several days have been quite successful for Pi Network’s PI, whose price spiked to a three-month high. While some market observers believe the asset could post additional gains in the short term, certain indicators suggest it might be time for a sharp pullback. Back to Red Territory? PI is the best-performing cryptocurrency (at least in the top 100) over the past week, with its valuation rising 30% during the period. A few days ago, it surpassed $0.23 for the first time since December last year, while it currently trades at around $0.21 (per CoinGecko’s data). Its rally follows the latest updates announced by the Core Team. Recently, the protocol v19.9 migration was successfully completed, while the next version, v20.2, is scheduled for release around March 12 (just two days before Pi Day 2026). Another catalyst might have been the newly revealed case study showing that Pi Nodes could be used for distributed AI computing and model training. However, two important factors suggest that the ascent may soon be replaced by a correction. Data shows that more than 6.2 million PI have been transferred to exchanges in the past 24 hours alone, thus bringing the total figure to almost 450 million. The majority of the coins (53%) are stored on Gate.io, whereas Bitget ranks second with approximately 148.8 million. This development doesn’t guarantee a short-term price decline but is often considered a pre-sale step. PI Exchange Supply, Source: piscan.io Next on the list is PI’s Relative Strength Index (RSI). It measures the speed and magnitude of recent price changes to help traders gauge whether the asset is on the verge of a turning point. The tool ranges from 0 to 100, with ratios above 70 indicating that PI has entered overbought territory and could be due for a pullback. Currently, the index stands at around 71. PI RSI, Source: RSI Hunter More Gains Ahead? Contrary to the worrying factors mentioned above, some X users remain optimistic that PI could be gearing up for an additional rally in the near future. The analyst, who goes by the moniker Vuori Trading, predicted a potential increase to $0.64, while ALTS GEMS Alert forecasted an ascent to as high as $0.30. The upcoming protocol update scheduled for later this week may give PI another boost, though there’s always the risk of a classic “sell-the-news” reaction, which investors should keep in mind. The post Pi Network’s Price Skyrockets 30% Weekly: Can v20.2 Protocol Update Push PI to $0.30? appeared first on CryptoPotato .

La maggior parte ha letto le notizie

CLARITY Act Faces Slim Odds in 2026 Without A...
2026-03-15
Bitcoin's Supply on Exchanges Drops to Lowest...
2026-03-15
Balaji Srinivasan Advocates for Crypto in War...
2026-03-15
Render (RNDR) Price Prediction 2026-2030: Unv...
2026-03-15
Pi Network Core Team Celebrates Pi Day 2026:...
2026-03-15
Major Study Reveals Bitcoin Network’s Hard-To...
2026-03-15
The Last TD Sequential Buy Signal on Cardano...
2026-03-15
Strategy’s Rapid Bitcoin Buying Raises New Qu...
2026-03-15

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta