Pi Network’s token slipped further on Tuesday, further extending its recent weakness even as the global crypto market tried a mild recovery. $PI declined 1.42% over the past 24 hours to trade at $0.176, ahead of its key network deadline.
Pi network’s weakness seems to be due to macro-driven risk aversion and thin trading conditions. Pi’s low turnover makes it susceptible to sudden swings, where even modest selling pressure can push prices lower. Without strong inflows or project-specific momentum, the crypto has struggled to hold ground.
At the same time, attention is moving to a coming operational deadline that may dictate short-term mood. The Pi Network team has advised node operators to install necessary updates before April 6. Non-compliant nodes could see their connectivity suspended. That warning has added to uncertainty, especially among those in charge of network infrastructure maintenance.
This deadline comes at a transitional phase for the project. This latest Protocol 21 upgrade is less a feature-rich release and more a foundational step. It gets our system ready for what the future holds, but it doesn’t come up with any tools that can suddenly boost user activity or liquidity. And this has kept the market response muted.
The roadmap details a set of upgrades designed to add capability over the next several weeks. Protocol 22.1 is planned for late April and then Protocol 23.0 in May. The latter will include smart contract support in addition to added features like a decentralized exchange and enhanced on-chain liquidity tools. These features seek to improve the network’s utility and increase the options for use.
Until those upgrades arrive, Pi is still in a holding position until those upgrades come out. In this cycle, the lack of active decentralized applications and trading infrastructure limits its appeal. It is that gap that has become increasingly visible as other networks have been laying out ecosystems with instant user interaction. From a trading standpoint, the $0.17 level has become a central support area at least for the time being.
A maintainable hold beyond this range could be in the near term stabilizing price movement, particularly if broader sentiment turns bullish. If that’s the answer, an uptick towards $0.185 also is feasible, but might require a larger purchase volume to sustain at that level.
A downside is that the break below support could lay the ground for the low of 90 days close to $0.152. There seems to be trading behavior in the right direction. Movement upwards, not backed by clear volume support, might not see a long term staying power.
In thin markets, small rallies often fade quickly-particularly if these are fuelled more by sentiment than structural demand.remains in a holding phase. But no active decentralized applications or trading infrastructure makes it less interesting in the current cycle. That gap has only grown more apparent as other networks build out their ecosystems with instant user engagement.
The decline arrives as sentiment across crypto remains confusing. Bitcoin briefly took off above the $68,000 level before pulling back, providing limited support to smaller tokens. Asset portfolios that are much lower in liquidity tend to magnify larger market movements in that space.Pi’s price action fits that pattern, showing a sharper decline despite relatively muted shifts in the wider market.
Over 119,000 Pioneers have completed second migrations of their transferable balances so far, as the gradual rollout continues.
Explore the full update below
https://t.co/jF30vH1mLE
— Pi Network (@PiCoreTeam) March 31, 2026
Despite the current weakness, network activity continues to develop gradually. More than 119,000 users have completed second migrations of their balances, indicating ongoing participation.
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