PI Crypto Network Bucks Market Crash as Major Mainnet Upgrade Fuels Hype
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While the broader crypto market stumbles under bearish pressure, Pi Network (PI) has managed a rare feat: stability. Trading near $0.187 following a sharp recovery from intraday lows of $0.171, the token is showing resilience as developers roll out a critical infrastructure update.
The catalyst here is “Protocol 20.” According to recent updates, Pi Network completed its migration to this new protocol on March 19. In simple terms, this mainnet upgrade introduces smart contracts, the code that allows developers to build decentralized applications (dApps) directly on the Pi ecosystem.
However, despite the technological leap, price charts tell a more cautious story. The data suggests that while the community is celebrating the upgrade, the token remains technically precarious.PI is up +7% over the past 24 hours, making it one of the strongest performers among major-cap digital assets and recording over $38M in daily trading volume.
(SOURCE: TradingView)Can Pi Network Hold Support at $0.185 Amid Bearish Signals?
Currently, Pi Network trades at approximately $0.187, up +7% daily. This move represents strength compared to the double-digit drops elsewhere; however, the structural trend is concerning for short-term holders.
The price is currently trading below its 50, 100, and 200-day Simple Moving Averages (SMAs). Think of these averages as “lines in the sand”; when the price is below them, it typically signals that sellers are in control. The only thing preventing a deeper slide is the 20-day SMA at $0.185. This level is acting as immediate support.
If the hype surrounding the Protocol 21 development effectively counters the selling pressure, bulls could push the price back toward the $0.20–$0.21 resistance zone.
This upside scenario aligns with previous optimistic targets tied to major exchange listings. However, if that $0.176 floor collapses, the path of least resistance is down, potentially retesting lower liquidity zones.
Traders should also be aware that node operators must undergo mandatory upgrades. The core team has instructed nodes to update to v20.2 to ensure network stability. Issues with synchronization during this period could introduce temporary volatility (or FUD) into the market.
DISCOVER: The Next 1000x Crypto Gem Before It Lists on Exchanges
Maxi Doge Targets Early Mover Upside as PI Tests Key Levels
(SOURCE: Maxi Doge)While Pi crypto network holders play the waiting game for a full open mainnet launch—a process that has already spanned years—traders seeking more immediate volatility are rotating capital into high-risk, high-reward presales.
The waiting game is often the hardest part of investing. Consequently, speculative volume is shifting toward Maxi Doge ($MAXI), a new ERC-20 token positioning itself as the “gym bro” of the meme coin world.
Unlike Pi’s complex technical roadmap, Maxi Doge offers a straightforward premise: it is a 240-lb canine juggernaut designed for the “1000x leverage” culture. The project focuses on aggressive community building through “holder-only” trading competitions and a “Maxi Fund” treasury intended to support liquidity.
The numbers show significant early traction. The presale has already raised $4.6M from early participants. The current entry price is $0.0002809, offering a much lower entry barrier than established tokens.
Beyond the “never skip leg day” humor, the project offers Dynamic APY staking rewards, incentivizing holders to lock up tokens rather than dump them on launch. However, as with all meme coins, the primary risk is market sentiment; if the community doesn’t stick around, the price won’t either.
For those tired of analyzing moving averages on stablecoins, this offers a different kind of lift.
Visit the Maxi Doge Presale
DISCOVER: Top Crypto Presales to Watch Now
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The post PI Crypto Network Bucks Market Crash as Major Mainnet Upgrade Fuels Hype appeared first on 99Bitcoins.
source: https://www.tradingview.com/news/99Bitcoins:51e150a55094b:0-pi-crypto-network-bucks-market-crash-as-major-mainnet-upgrade-fuels-hype/
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