The Pi Network is gaining momentum in the crypto market as it surpasses the crucial $0.21 level. With the launch of Protocol v23 and the much-anticipated arrival of Rust smart contracts, PI is eyeing the $0.30 resistance. A game-changing move for the ecosystem awaits.
The deployment of Protocol v23 marks a strategic turning point for Pi Network. This is no longer just a simple technical evolution, but a structural transformation of the network. By integrating Stellar Core v23.0.1, Pi crosses a decisive threshold in programmability, while strengthening scalability and security.
The key point of this update is the activation of smart contracts in Rust. Now operational, they enable the creation of complex dApps, paving the way for real financial use cases. Pi is thus evolving from a mobile mining application into a decentralized financial infrastructure, capable of competing with more mature blockchains.
This dynamic is reinforced by an ambitious roadmap, including the launch of a decentralized DEX in Q1 2026. With more than 15.8 million Pioneers on the Mainnet, this prospect brings concrete utility to the token and fuels a lasting bullish sentiment around the ecosystem.
The market has quickly absorbed these announcements. Pi (IOU) is trading around $0.212, according to CoinMarketCap, confirming a solid recovery after consolidation. The global context remains favorable, with a crypto market rising over 24 hours and throughout the week, supporting appetite for alternative assets.
From a technical perspective, holding above the key support of $0.2100 is a positive signal. This zone, formerly resistance, now acts as a buying floor, reinforcing the bullish momentum. The announcements related to Rust smart contracts and the DEX are playing a catalyst role here.
Two scenarios are taking shape: a breakout above $0.23 could open the path toward the psychological target of $0.30, or even beyond. Conversely, a loss of current support would expose the price to a technical retracement, reminding us of market volatility. The key question remains: Will the 2026 DEX be the trigger for a sustained establishment of Pi above $0.50?
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