Pi coin price has drawn fresh attention as the network’s testnet upgrade to version 20 coincided with a breakout pattern. The market has recently formed an Adam and Eve structure, a bullish setup that often hints at a sharp rally. This technical signal aligns with growing optimism after Pi recorded a modest 3% lift on the news.
Pi Coin Price Action Signals Path to $0.45
The Pi coin’s current price is trading near $0.37 after breaking out from an Adam and Eve bottom formation, which is a reliable bullish reversal signal. The base of this structure emerged at $0.34, where strong buying interest repeatedly defended the zone.
A clean breakout has already carried Pi price above the neckline, reinforcing short-term bullish conviction. The next key resistance rests at $0.39, which previously acted as a ceiling during late August.
If this barrier breaks on solid volume, upside projections point toward $0.45 as the next technical milestone. This target aligns with the measured move from the breakout, adding further weight to the bullish case.
However, slipping back below $0.36 could undermine this setup and invite another test of $0.34. On a broader view, the chart suggests Pi coin price is attempting to stabilize following August’s steep decline.
Holding above the $0.37–$0.39 region could provide a springboard toward $0.50 in the long term. As earlier reported by CoinGape, projections for $0.65, reflecting an 81% surge, lean toward a bullish outlook if strength persists. Overall, technicals outline a market at a pivotal stage, with $0.39 as the gatekeeper for further gains.
Version 20 Upgrade Fuels Broader Confidence
The Pi Network’s shift to version 20 on its testnet marked an important step in its gradual upgrade sequence. This transition sparked a 3% increase in Pi price, reflecting the community’s anticipation of steady progress.
Advocates emphasized that the move is part of a planned cycle leading up to version 23. Each upgrade aims to strengthen the network’s infrastructure, laying the groundwork for eventual Mainnet adoption.
The wider community response has been enthusiastic, given millions of users are awaiting full ecosystem deployment. In parallel, the domain auction extended Pi’s ecosystem activity, showcasing growing utility beyond the protocol layer.
Institutional participation has also begun to surface, highlighted by a billion-dollar asset manager launching the first Pi Network ETP. If these upgrades continue and Mainnet adoption follows, the long-term Pi coin price forecast could extend beyond $0.45.
Summary
Pi coin price is positioned at a decisive junction supported by both technical and fundamental signals. The Adam and Eve breakout outlines a path toward $0.45, provided resistance at $0.39 is cleared. Meanwhile, the version 20 upgrade reinforces network progress, offering an additional layer of support for optimism.
Frequently Asked Questions (FAQs)
The pattern indicates a bullish reversal, projecting a potential climb toward $0.45 if resistance is cleared.
It strengthens the blockchain’s testnet, marks a step toward version 23, and builds confidence for Mainnet readiness.
Institutional support, such as the launch of a Pi Network ETP, adds legitimacy and expands potential market reach.
Coingapestaff
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