Pi Network will advance the mainnet's second phase migration after Pi Day in 2026, with over 119,000 users participating. This upgrade allows users who have completed KYC verification to transfer referral rewards, accelerating identity verification. The system calculates mining and referral data one by one to ensure fair distribution. Users must enable two-factor authentication to transfer assets. The platform is also expanding application scenarios, shifting its focus from user growth to ecosystem development.

The Pi Network ecosystem has entered a critical stage of advancement, with over 119,000 users completing the second migration, marking progress in the mainnet expansion. Despite increased user activity, the number of PI on trading platforms has risen, and holders tend to circulate in the market, causing price pressure. The current price is about $0.18, down 94% from its peak. Future trends will depend on application implementation and real demand.

Pi Network announced a phased plan to upgrade nodes to v23. Version 21.2 will be deployed in April 2026, with future versions supporting smart contracts and enhancing node tools and autonomy. Market feedback is cautiously optimistic, but past delays have kept users on hold. The next few months will be a critical window.

Pi Network (PI) has experienced 7 months of low-volatility compression, leading to a clear change in market structure, with the current price around $0.1883. Recent volatility has rebounded above 100%, indicating a new phase in the market, but its rebound potential may be limited by its negative correlation with Bitcoin. Technical analysis shows a potential double-top pattern; if the price drops below $0.1894, it could fall to $0.1527. Short-term trends will be influenced by technical structures and changes in its correlation with Bitcoin.

Pi Network (PI) price is hovering around $0.188, with a slight decline intraday but an 11.6% increase this month. Technical analysis indicates the market is approaching a potential reversal point, showing bullish signals and a cup-and-handle pattern. However, short-term momentum depends on the PISI indicator, which is currently near neutral, suggesting that PI has not yet formed a strong upward trend. The key resistance level is at $0.200; a break above this could lead to further gains toward $0.246. The market still needs to wait for changes in capital flow to trigger a breakout.

On March 24, Pi Network (PI) price declined to $0.1897, falling more than 33% from the March 13 high. The daily chart shows PI forming a double top structure, approaching historical lows. Capital flow signals indicate increased selling pressure, with the MFI indicator continuing to decline. If it breaks below 40, it may accelerate capital outflows. PI has turned negatively correlated with Bitcoin, showing a technically weakened trend. Key support levels are at $0.1597 and $0.1415, while breaking above $0.1940 could provide room for a rebound.

Pi Network's Protocol 20 protocol update has garnered attention from the crypto community, activating new discussions about its utility, while market price predictions for its global consensus value have reached $314159. The significance and specific impact of this technical upgrade continue to be widely analyzed.

Pi Network's Pi Coin is gradually transitioning into a real-circulation Layer 1 token. The token is currently fluctuating between $0.17 and $0.18, with market focus on user adoption and ecosystem implementation. As the mainnet opening approaches, token supply-demand imbalance is affecting the price, making it difficult to break out of the consolidation range in the short term. Long-term prospects depend on factors such as ecosystem expansion and user activity levels.