Pi Network Price Nears $0.10 Ahead of Protocol 27 Upgrade

The Pi Network price has reached near $0.10, just before the upcoming Mainnet upgrade to Protocol 27. This new protocol will introduce more flexible and secure smart contract authentication capabilities for accounts and applications on the network.

According to TradingView charts, the four-hour Relative Strength Index (RSI) has reached 81.50, placing PI in overbought territory. However, Chaikin Money Flow remains at 0.16, indicating net buying pressure during the measured period.

The Pi Network is targeting a September 15 Mainnet upgrade, although this date may be subject to change based on testing results and node readiness. The Protocol 27 upgrade aims to bring the network's Mainnet in line with its latest protocol features, including improved contract safety and interoperability.