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Pi Network Unveils Protocol 23 Upgrade on Stellar Infrastructure
Pi Network Unveils Protocol 23 Upgrade on Stellar Infrastructure
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network is advancing toward a major technical upgrade, transitioning from Protocol 19 to the Stellar-based Protocol 23. The phased rollout commenced with Testnet1 on August 27 and will progress to Testnet2 and Mainnet in the coming weeks. Despite this significant milestone, market enthusiasm remains subdued.
The altcoin is currently trading at $0.34, struggling below its 20-day exponential moving average of $0.36—a critical resistance level. Technical indicators present a bearish outlook, with the Chaikin Money FLOW reinforcing negative momentum. While protocol upgrades typically generate optimism, Pi's muted price action indicates traders remain skeptical about near-term upside potential.
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