Pi Network’s Price Rises: Devs Reveal Mainnet Upgrade – Will It Be a Mirage?

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Oh, what a delightful 8% surge! Pi Network’s price soared on Friday, as developers unveiled a hard deadline for the mainnet upgrade, which is as clear as mud and twice as confusing.

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Technical indicators seem to portray that the bulls are firmly in control of the current momentum. Notably, the Aroon Up indicator is sitting at 92.86% while the Aroon Down has plunged to 0%, which is a clear sign that a new uptrend has begun and the previous bearish cycle has completely dissipated. Or, as I like to say, “the market is so bullish, even the ghosts of bearish analysts are cheering.”

Meanwhile, the Chaikin Money Flow index has climbed to a reading of 0.23, suggesting that significant capital is flowing into the asset as traders position themselves for the mainnet upgrade. Because nothing says “confidence” like throwing money at a project with a name that sounds like a breakfast cereal.

For now, the next immediate target for the token price lies at $0.204, which represents a major psychological barrier and a recent local high. Or, as I call it, “the point where everyone suddenly remembers they’re not rich.”

On the contrary, a drop below $0.163 would invalidate the current bullish thesis and could lead to a deeper correction as the network awaits further fundamental developments. Or, as I like to put it, “the market’s version of a ‘wait, what?’ moment.”

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2026-04-17 16:27