I'm following Pi Network and the value of pi coin is holding up well after that jump it had. Now it's trading around $0.17, up about 1.5% in the last 24 hours. Nothing spectacular, but at least it’s out of the duck’s bill shape it was in before.

The interesting thing is that this coin is testing support at $0.16 and holding there quite well. Upward, the resistance is at $0.18 — if it manages to break through that, it opens space for $0.20. But until then, the value of pi coin is in that neutral limbo, you know?

What’s moving the market right now is really just the technical aspect. There was a protocol update on the mainnet that was mandatory for all node operators. This is important because it improves network reliability — nodes validate transactions and keep everything running smoothly. The more stable the network, the more confidence traders gain.

Technical indicators are starting to show some interesting signs. The RSI is at 53, right in the middle, which means there’s still room for an increase if volume picks up. The MACD is also giving some bullish crossover signals — that histogram has started to turn upward.

The key support level is really at $0.16. If it falls below that, the next support is at $0.14. But buyers seem to be defending this level well. If it can consolidate above $0.18, the value of pi coin could test that peak of $0.20 from the beginning of the month.

It’s a project that’s evolving, the network is becoming more robust with these updates. It’s worth keeping an eye on whether it can break through this resistance. Meanwhile, the value of pi coin continues in that accumulation pattern.