Can v20.2 Update Protocol Push PI to $0.30?

Check out what indicates that a big sale could be on the horizon.

The last few days have been very successful for Pi Network’s PI, whose price has risen in three months.

Although some market watchers believe that the asset can generate additional profits in the short term, some indicators indicate that it is time for a sharp return.

Back to the Red Land?

PI is the best cryptocurrency (at least in the top 100) in the last week, its value increased by 30% during this period. A few days ago, it crossed $0.23 for the first time since last December, while it is currently trading around $0.21 (according to CoinGecko).

Its rally follows the latest updates announced by Team Core. Recently, the v19.9 protocol port was successfully completed, while the next version, v20.2, will be released around March 12 (just two days before Pi Day 2026). Another catalyst may be a newly revealed case study showing that Pi Nodes can be used for distributed AI computing and model learning.

However, two important factors suggest that the uptrend may soon be replaced by a correction. Data shows that more than 6.2 million PIs were transferred to exchanges in the last 24 hours alone, bringing the total to 450 million. The majority of coins (53%) are held on Gate.io, while Bitget takes second place with about 148.8 million. This development does not guarantee a short-term price drop, but is often considered a pre-sale step.

Next on the list is the Relative Strength Index PI (RSI). It measures the speed and magnitude of recent price changes to help traders determine whether an asset is on the verge of a turning point. The instrument ranges from 0 to 100, with ratios above 70 indicating that the PI has entered overbought territory and may trigger a pullback. Currently, the index is about 71.

More profit ahead?

Contrary to the aforementioned worrying factors, some X users are optimistic that PI may be poised for an additional rally in the near future. The analyst, who goes by the nickname Vuori Trading, predicted a possible increase to $0.64, while ALTS GEMS Alert predicted a rise to $0.30.

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The upcoming protocol update scheduled for later this week could give PI another boost, although there is always the risk of a classic “news sell” reaction that investors should keep in mind.