Pi Network upgrade puts battered PI price on the brink of a rebound

Pi Network’s PI token has held above $0.073 after a prolonged decline, with its July 22 Protocol v25 upgrade offering buyers a possible recovery catalyst.

According to data from crypto.news, Pi Network (PI) price traded near $0.0765 on Thursday after moving between an intraday low of $0.0723 and a high of $0.0839. The token remains under pressure on the daily chart, but its 4-hour structure shows price compression that could precede a larger move.

Pi Network announced on July 15 that Protocol v25 will focus on network stability, reliability, and more efficient privacy-focused smart contracts. The upgrade will reach the network on July 22, giving traders a dated catalyst as PI attempts to stabilize near its recent lows.

Bitcoin’s consolidation near $64,000 and a 1.67% decline in the total crypto market have limited demand for smaller tokens. PI has faced the same weak risk appetite while trying to recover from a steep multi-week decline.

Protocol v25 gives buyers a fresh catalyst

Pi Network’s announcement states that Protocol v25 will introduce BN254 cryptography and Poseidon hashing. Developers can use these tools to build zero-knowledge applications that process sensitive information without placing the underlying data on public records.

“On July 22, Pi is scheduled to upgrade to Protocol v25, which primarily focuses on improving network stability and reliability, and supports new capabilities for more efficient, privacy-preserving smart contracts,” the Pi Core Team wrote on X.

By supporting private contract execution, the upgrade could expand the types of applications developers can build on Pi Network, according to the project. Pi Core Team also expects the release to improve contract efficiency as the ecosystem adds new applications and services.

Protocol v25’s effect on PI demand will depend on developer participation, application growth, and network performance after activation. The announcement has created a fresh event for traders to watch, though the price charts have not yet confirmed a sustained reversal.

PI needs $0.080 to confirm its recovery

On the 4-hour TradingView chart, PI has formed a symmetrical triangle after falling from about $0.10 earlier in July. Its descending resistance line now meets an ascending support line, leaving the token close to the pattern’s narrowing end.

A 4-hour close above the upper trendline and $0.080 would confirm a bullish breakout from the triangle, according to the chart structure. Such a move would expose $0.085, which matches the daily Murrey Math oversold level at $0.08545, before traders turn toward $0.097 and the psychological $0.10 barrier.

Momentum has not yet confirmed that outcome. The 4-hour Aroon indicator shows Aroon Up at 28.57% and Aroon Down at 0%, signaling weak trend strength even as selling momentum eases.

Daily capital flows remain another obstacle. TradingView’s Chaikin Money Flow reading stands near -0.20, indicating that outflows continue to outweigh inflows despite buyers defending the latest support area.

On the downside, $0.07324 represents the daily Murrey Math extreme-oversold level and sits close to the triangle’s rising boundary. A clear break below that zone would weaken the rebound setup and expose $0.070, while continued selling could bring the Murrey Math bullish-reversal level near $0.061 into focus.