Pi Network is among the stronger performers today, rising around 9% to $0.19 despite broader market weakness. The move marks a short-term recovery, although the token still trades about 15% down over the past week and below recent highs near $0.30.
This keeps Pi in a familiar pattern – showing resilience during rebounds, but still lacking confirmation of a sustained uptrend.
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Protocol 20 Brings Smart Contract Foundation
The latest gains come alongside a key milestone, as Pi Network has completed its Mainnet upgrade to Protocol 20, with all major nodes now running version 20.2.
This upgrade introduces the foundation for smart contracts, with rollout expected to happen gradually. The focus remains on practical use cases such as subscriptions, escrow systems, and other utility-driven applications, rather than purely speculative features.
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Ecosystem Expands with Pi Day Updates
Alongside the upgrade, Pi Day 2026 brought several ecosystem developments, including the Pi Launchpad on Testnet, early Mainnet app integrations, and the rollout of second migrations and validator rewards.
These updates continue to push Pi’s utility-focused approach, even as price performance remains mixed.
Read also: Pi Network Crashes to New All-Time Low Below $0.16
$0.20 Remains Key Level
Despite today’s gains, Pi is still approaching a critical resistance around $0.20. A breakout above this level could extend the recovery, while rejection may lead to further consolidation.
For now, the combination of technical progress and short-term strength is improving sentiment – but a full reversal is yet to be confirmed.
