5 Facts Why Pi Network (PI) Prices Remain Sluggish Despite Major Upgrades

Jakarta, Pintu News – Pi Network, one of the cryptocurrency projects that is quite known for its mobile mining approach, recently launched a major upgrade by bringing Linux Node and protocol transition from version 19 to 23. This step is considered an important technical achievement in the Pi network’s journey towards full decentralization.

However, based on a BeInCrypto report published by Abiodun Oladokun on August 28, 2025, the price of the Pi (PI) token remains moving sideways and has not shown any signs of a significant rally. This has raised questions from the crypto community about the effectiveness of the fundamental impact on the market value of PI.

1. Protocol Update Not Followed by Significant Price Increase

According to BeInCrypto data, Pi Network has just completed the launch of Linux Node and the upgrade of the protocol from version 19 to version 23. Technically, this should improve the efficiency of the network and attract investors’ attention to strengthening the infrastructure.

However, despite a slight increase of 2%, the PI price is still moving around USD 0.34 or around IDR 5,599. This increase does not reflect market enthusiasm that is strong enough to boost the price significantly.

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2. Daily Trading Volume Drops 20%

Under normal market conditions, an increase in price is usually followed by a surge in trading volume reflecting buying interest from market participants. But based on data from the Santiment analytics platform cited by BeInCrypto, PI’s daily trading volume actually fell by 20%.

This indicates that despite the price movement, buy-side support is still very weak. This situation makes short-term rallies unsustainable and more prone to reversals.

3. Elder-Ray Indicator Remains Negative, a Sign of Bearish Dominance

The Elder-Ray technical indicator is used to measure the strength of buyers and sellers in the crypto market. In the same report, the Elder-Ray PI index was recorded at -0.0237 as of August 28, 2025, indicating that bear power still dominates.

The negative value of this index has occurred consistently since August 14, 2025, indicating continued selling pressure. With this condition, analysts view that the PI is in a vulnerable situation to test the lowest support point again.

4. Risk of Falling to the Lowest Levels Remains Open

Currently, the price of Pi (PI) is still holding slightly above the support level of USD 0.32 or around IDR 5,270. This level is the lowest point in the history of the PI token price.

If the bearish pressure continues, it is very likely that the price of PI will break this support and form a new low. Conversely, if there is an increase in market demand, this token has the opportunity to strengthen to the range of USD 0.37 or around Rp6,093.

5. Market Sentiment Still Weak Despite New Hope

The technical upgrade should be able to trigger an improvement in investor sentiment. But as mentioned by BeInCrypto technical analysts, the crypto market currently tends to be skeptical of fundamental announcements if they are not accompanied by strong evidence in the form of adoption or trading volume.

This indicates that the community and investors are still waiting for more concrete catalysts from Pi Network to move the price. Without broad market participation, technical upgrades are not enough to bring about significant price changes.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Abiodun Oladokun / BeInCrypto. Pi Network Upgrade Fails to Lift PI Price as Bearish Signals Dominate. Accessed August 29, 2025