Pi Network Faces Selling Pressure During Ongoing Network Upgrade

• Pi Network faces selling pressure as Core Team moves tokens, limiting price recovery potential.

• Ongoing network upgrade aims to improve speed, security, and developer tools for Pi.

• Key levels near $0.20 and $0.15 will determine short-term price direction and momentum.

Pi Coin has bounced sharply from its February low, but selling pressure is now weighing on the token. After hitting $0.13, PI surged roughly 60 percent to a high of $0.2056 before retreating. Large movements from wallets tied to the Pi Core Team over the past 48 hours indicate selling, which can cap price gains. Many early Pioneers, who mined PI for years, are watching closely as the network upgrade unfolds.

Pi Network ($PI) Trade Setup/Idea$PI is steady at $0.168 following the activation of Protocol 19.9, which brings the network one step closer to its Open Mainnet launch. This technical upgrade is fueling speculation, keeping the price pinned against the $0.18 resistance level. A… pic.twitter.com/SreSe4CJFU

— Altcoinpedia (@altcoinpediax) March 2, 2026

Core Team Sales Stir Community Concern

The recent token transfers signal that large holders are offloading coins to exchanges. Moves like these often absorb buying pressure and prevent sustained rallies. For over 35 million users who mined PI in the early years, seeing the Core Team sell can feel frustrating. They waited years for the Open Mainnet launch, and expectations for a strong price recovery remain high.

Current market activity shows that even after a sharp rebound, PI struggles to hold momentum. Technical data supports this observation. PI is hovering near $0.17, slightly below the $0.20 level that has shifted from support to resistance. The Relative Strength Index is around 40, suggesting weak buying interest.

Meanwhile, the Supertrend indicator has flipped green, and the token is testing its 50-day moving average. These signals indicate potential for recovery, but sustained selling could block any real upside. Price action depends heavily on whether Core Team selling eases in the coming days.

Network Upgrade and Technical Developments

The Pi Network continues upgrading its protocol toward v22 and eventually v23. Two of the six planned phases are complete, with the remainder expected to finish by April. The upgrades aim to enhance network speed, security, developer tools, and scalability. Historically, major technical upgrades can trigger price movements, but the current selling pressure may overshadow any bullish effect.

Validator rewards are also scheduled for later this month. Rewards will depend on validator performance, work volume, and network integrity. Meanwhile, KYC progress continues, with over 16 million Pioneers completing the migration. Developers have introduced new AI tools to speed up verification and hinted at a KYC-as-a-Service offering, potentially putting PI in competition with projects like Worldcoin and Humanity Protocol.

Looking at chart structure, PI faces key price levels. A move above $0.2056 could pave the way toward $0.25, while failing to hold $0.15 could push the token toward $0.12. The Ichimoku cloud shows the coin attempting to break above resistance, though sellers remain influential. Traders should monitor these levels closely, as a clear break above $0.20 on strong volume could challenge the bearish setup.