Pi Network News Today (04/15): Protocol 21 a huge success but PI price drops, why?
Jakarta, Pintu News – Pi Network (PI) is experiencing price anomalies that are confusing the global crypto community despite the successful launch of Protocol 21. While the stability of the network is increasing, the value of the asset is separating itself from the positive trends of the rest of the cryptocurrency market.
This has raised big questions about the effectiveness of technology upgrades on real market value. Many investors are now waiting to see if future utilities can save prices from a prolonged bearish trend.
Protocol 21 Success and V22 Upgrade Grand Plan
The Pi Network (PI) core team officially announced the successful implementation of Protocol 21 aimed at strengthening the technical foundation of the network. This upgrade is focused on improving stability and scalability to be able to support more massive transaction volumes in the future.
The success of this transition stage is crucial as it forms the main basis for the development of new, more complex features. Better infrastructure stability is expected to attract more users into this digital ecosystem.
Following this success, developers are now preparing to launch the V22 upgrade which will bring major changes to the smart contract aspect. The addition of more advanced smart contract features is projected to make it easier for developers to build decentralized applications (dApps) on the network.
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PI Price Movement Analysis amid Bearish Trend
Currently, the price of Pi Network (PI) is at around Rp2,810 per coin, registering a daily decline of 1.2 percent. This decline is quite a contrast considering that the crypto market in general is experiencing a capitalization increase of more than 4.5 percent.
Since mid-March, the value of this coin has continued to fall from its previous high of IDR4,643 per coin. The sluggish market sentiment has made it difficult for the coin to keep up with the recovery in other digital assets.
Technically, the price is now testing the 38.2 percent Fibonacci resistance limit at Rp2,724. If the price breaks the lower boundary, there is a risk of further decline towards the Rp2,227 level which is the February low.
The death cross indicator on the daily moving average further confirms the strength of the sellers in pushing the price down. Investors need to be aware of the potential for further correction if there is no significant buying volume in the near future.
Expectations from the Bullish Divergence Signal on the MFI Indicator
Amidst price pressure, the Money Flow Index (MFI) indicator is giving investors a positive signal of bullish divergence. The indicator continues to creep up by forming higher lows even as market prices continue to move down.
These anomalous conditions often signal that the downward momentum in prices is getting saturated and the sell-off is starting to weaken. The signal indicates asset accumulation by some market participants amid sharply corrected prices.
If a reversal does occur, the closest price target that Pi Network (PI) should reach is IDR3,033. Successfully passing this resistance level will provide a strong signal that the short-term trend has officially turned green.
Strengthening the position above the 50-day average line is also an absolute condition for confirming the recovery in the price of this cryptocurrency. Market watchers are keeping an eye on whether the development of network utilities can provide strong enough fundamental support for the price.
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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. Crypto trading activities are subject to 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:
- Coingapestaff. Why Is Pi Network Price Not Rising Despite Protocol 21 Success. Accessed April 15, 2026.
- Featured Image: Crypto Economy
