- Protocol 22 has expanded the size of the Pi Network ahead of smart contracts in May.
- Pi needs to break $0.190 to reach $0.2045 and $0.220.
- The key support at $0.1832 is still important for strong growth.
The Pi Network token (PI) traded near $0.1893 on April 28 after gaining about 5.8% in 24 hours and more than 10% over the previous week, showing strong market interest as the network moves into an important phase of development.
The recent recovery is notable for its low of $0.1312 in February 2026, while we remained below its February 2025 price of $2.99.
Protocol Update 22 mainnet
In particular, the price increase comes when the Pi Network is completed Protocol Update 22 mainnet on April 27, major infrastructure changes designed to improve scalability, scalability, and network planning for local applications.
Protocol 22 appears to be the foundation of Protocol 23 expected in May, which is expected to introduce smart contracts and expand the Pi Network ecosystem with decentralized finance (DeFi) and contract functionality.
More than 10 billion PIs have already migrated to the Mainnet, with about 6 billion remaining locked.
This strong sell-off continues to ease downward pressure while also supporting the market’s interest in future product growth.
For many businesses, the upcoming release of Protocol 23 is of particular importance as smart functionality can expand PI activities beyond peer-to-peer transfers by allowing developers to create network-based applications.
Technical indicators are showing an increase
Today’s current analysis shows that Pi is trying to make a break down, with the neck sitting near $0.190.
A definite move above this level could push the price to $0.2045, while a strong continuation could open the way to $0.220.
According to integrated market indicatorsmost technical indicators show that short-term trends are leaning.
Moving averages are particularly supportive, with PI above its 10-day, 20-day, 50-day, and 100-day levels, reinforcing short-term strength.
However, the indicator is still trading below its 200-day EMA, which indicates that major resistance is still in place.
The 14-day Relative Strength Index is at 63.96, placing PI funds in neutral territory without indicating overbought conditions.
On a weekly basis, the RSI is near 36.01, which suggests that the PI may be recovering from the previous oversold.
The price of PI Network shares
Looking at price targets that traders should consider moving forward, immediate support is at $0.1832.
A break below this level could weaken the short-term bullish trend and expose the Pi Network (PI) to drop below $0.1670, with a deep loss that could reach $0.1322.
Above it, the first major resistance is $0.1884. A break above this level would encourage a strong breakout and could send the PI coin to $0.1926.
If the bulls clear the $0.190 neck, the next major target is $0.2045. A sustained break above that level would increase profits to $0.220.
Looking ahead, 2026 major projections place PI trading between $0.1121 and $0.5246, based on the positive development of the environment, smart contract adoption, and the crypto market.
