Pi Network Jumps 7 Percent After Protocol 26 Update

Pi Network saw a sharp move higher on July 30, with the price climbing to an intraday peak near 0.085 dollars. This rally comes as the community prepares for the upcoming Protocol 26 upgrade. The excitement surrounding technical improvements to the network has brought new attention to the coin after it recently sat at record lows.

While the price bounce is a positive sign for holders, traders should keep a close eye on resistance levels. The short term charts indicate that sellers are active near the current price point, which may slow down the recent momentum. Breaking through these barriers will be necessary to sustain the current upward trend.

Looking ahead, all eyes are on the node upgrade deadline. Market participants are watching to see if the network can complete the transition without issues. If the upgrade goes smoothly, it might build enough confidence to push the price further away from its recent lows.