Pi Network price has been in the news for weeks now, partially due to its ongoing upgrade process and increasing questions on where it was going. The momentum is predicted to be sustained for the rest of the month as two of the origins for the project prepare to take center stage at Consensus 2026.
The event takes place from May 5 to May 7, and is among the most closely followed events within the blockchain world, with Pi Network’s presence at this event capturing ever more attention across the market.
The founders of Pi Network, Chengdiao Fan and Nicolas Kokkalis, are slated as speakers at the event, and their words may be pivotal to influencing investor sentiment. The founders hinted at points they plan to cover in a post on X published just a few hours ago.
Fan also underscored the intersection of Web3, artificial intelligence (AI) and blockchain to bring more real-world utility while Kokkalis noted one way in which AI could help with human verification. These signals suggest that Pi Network’s price could soon be headed for an AI-focused pivot that would radically transform the cost to market.
It is a new possibility, and it arises at a crossroads of Pi Network, just completing major technical upgrades. Dashboard of the new Pollux protocol | Source: Arcadia Data Center. Notably, Protocol 23 is scheduled to launch on May 11.
It will bring smart contract functionality to the network. In the history of blockchain ecosystems, launching smart contracts has sparked a new wave of decentralised applications (dApp) and broadened use-cases. Since it gets CPU Power with AI Integration, this would give Pi Network a stronger platform that could attract developers and bypass users.
Pi Network has already been showing some signs of immense price movement going into the Consensus event, from a price analysis perspective. On shorter time frames such as the four-hour and daily charts, there is still a lack of consensus, but the weekly chart shows that bitcoin has formed a symmetrical triangle – a pattern often terminating in breakout territory. At key resistance of around the $0.189, this is very much in line with a number of analyses that put the level near to $0.18 as our main hurdle!
Data shows that support is continuing to rise (higher lows), which normally would constitute a bullish sign. Nonetheless, the constant seller interest at $0.189 still curbs any further upside of support that can be gained.
A breakout above this level could trigger a strong rally for Pi Network, If it succeeds in breaking out. According to analysts based on the height of the triangle, a roughly 45% price increase from here could propel the token towards its all-time high near $0.27.
However, there are many reasons to be cautiously optimistic. Currently, the Relative Strength Index (RSI) is sitting at 39, showing bears are still more in control than bulls. This RSI would require a breakout above its midpoint at 50 to confirm the uptrend. The Consensus 2026 visibility and announcements could act as a catalyst in facilitating this momentum shift.
The possibility of a bullish scenario, however, cannot be guaranteed. A break above the $0.189 resistance level is likely to signal that buyers have enough strength in order to push prices higher, with either a foundation stage or later advancing toward recovery ranges from before the October / November area. In this scenario, her price may continue consolidating or maybe produce another higher low like area before attempting to break above again.
In short, Pi Network is at a major inflection point with the long-awaited technical upgrades, AI possibilities, and high-profile anointing at Consensus 2026 on their side. The data suggests a potential break to the bull; however, it remains to be seen if the upward momentum happens due to key resistance levels and market indicators.
Conclusion
Pi Network is at a turning point with continuous upgrades and rumours of an AI pivot! Smart contracts and Protocol 23 will soon be launched, giving it some long-term fundamentals as well as the attendance by its founders at Consensus 2026.
From a technical perspective, bulls have made a move, and any further break above $0.189 could send prices towards $0.27. The RSI confirms that with yesterday’s fill, the bearish pressure is still here at 39.
More solid buying pressure is required for a confirmed uptrend. In summary, the future direction of Pi Network is going to rely on whether resistance can be broken convincingly and clarity surrounding how AI integration would enable real utility.
