- Protocol v25 activates July 22, introducing BN254 and Poseidon cryptography for zero-knowledge smart contract capabilities
- PI bounced 6.53% on July 20, reclaiming the 20-day EMA and Bollinger midline from below the $0.07 all-time low zone
- Fast Track KYC is replacing Banxa in the wallet creation flow as Pi Core Team moves toward full infrastructure independence
Pi Network trades at $0.09854 on July 20, up 6.53%, bouncing sharply off the all-time low zone that formed last week as Protocol v25 prepares to go live in less than 48 hours. The recovery reclaimed both the 20-day EMA and Bollinger midline in a single session, but every major moving average remains well above price and pointing down, keeping the broader trend firmly bearish heading into the upgrade.
PI Reclaimed Two Key Levels In One Session — Now Comes The Follow-Through Test
The daily chart shows PI bouncing from a low of $0.06919, which aligns with the lower Bollinger Band and marks the deepest price level since the token’s public trading launch. Today’s 6.53% move pushed price back above the 20-day EMA at $0.09728 and the Bollinger midline at $0.09818 in a single session. That kind of reclaim from below key levels is a constructive short-term signal, but it needs follow-through volume across the next two or three sessions to mean anything.
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The Bollinger upper band at $0.12717 is the next meaningful ceiling, sitting roughly 29% above current price. The 50-day EMA at $0.11523, 100-day at $0.13500, and 200-day at $0.17948 all slope downward above that, presenting a stacked wall that any sustained recovery would need to work through sequentially. The lower Bollinger Band at $0.06919 now defines the floor. A return to that level on failed follow-through would bring the all-time low back into focus.
Key PI Support and Resistance Levels — July 21, 2026
| Level | Price | Role |
| Lower Bollinger Band / ATL | $0.06919 | Absolute floor — bounce origin |
| 20-Day EMA | $0.09728 | Reclaimed support — must hold |
| Bollinger Midline | $0.09818 | Reclaimed support — second line |
| 50-Day EMA | $0.11523 | First resistance target above |
| Bollinger Upper Band | $0.12717 | Next meaningful ceiling (+29%) |
| 100-Day EMA | $0.13500 | Declining EMA resistance |
| 200-Day EMA | $0.17948 | Long-term overhead supply |
What Are The Key Support And Resistance Levels For PI Today?
- Support at $0.09728 on the 20-day EMA and $0.09818 on the Bollinger midline
- Resistance at $0.11523 on the 50-day EMA and $0.12717 on the Bollinger upper band
- Key floor at $0.06919 on the lower Bollinger Band and the all-time low zone
- Extended resistance at $0.13500 on the 100-day EMA and $0.17948 on the 200-day
Protocol v25: What Activates on July 22 and Why It Matters
Protocol v25 goes live on July 22, 2026, replacing Protocol v19 with updated network standards focused on stability, reliability, and smart contract performance. The two core additions are BN254 cryptography and Poseidon hashing — the technical building blocks for zero-knowledge applications.
| Feature | What It Does |
| BN254 Cryptography | An elliptic curve pairing used in zero-knowledge proof systems. Enables verification of sensitive data without exposing the underlying information — essential for private identity and payment applications. |
| Poseidon Hashing | A hash function designed for zero-knowledge circuit efficiency. Significantly reduces computational cost of ZK proofs compared to SHA-256, making ZK applications practical on-chain. |
| Identity Verification | Zero-knowledge identity proofs allow Pi’s 60 million users to verify credentials without exposing personal data — directly relevant to Pi’s KYC-gated payment and commerce applications. |
| Private Proof Systems | Enables selective disclosure of information on-chain. Practical use cases include verifying age, location, or financial status without transmitting the underlying data. |
Pi analyst account Pi Town outlined five simultaneous moves from the Core Team arriving alongside v25: the protocol upgrade, Fast Track KYC replacing Banxa, a mining app redesign, and new cryptographic infrastructure. Taken together, the argument is that Pi is transitioning from a mining application into a payment and decentralized application platform, with security and identity verification becoming the priority rather than user growth alone.
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The Unlock Overhang: 775.8 Million PI Between July and December 2026
775.8 million PI is scheduled to unlock between July and December 2026. This supply overhang has consistently capped recovery attempts regardless of development news. The unlock pressure means positive catalysts like Protocol v25 must overcome ongoing sell-side supply from vesting releases to sustain upward price movement.
The context for price is straightforward. Development news drives short-term bounces. Unlock schedules drive medium-term ceilings. The July 20 bounce from the all-time low happened with Protocol v25 as the narrative catalyst, but the four declining EMAs above price and the 775.8M token unlock schedule through year-end represent the structural forces that have defined the bear trend since PI’s peak.
Fast Track KYC replacing Banxa is the infrastructure move most likely to affect the supply dynamic long-term. Removing the third-party dependency from the wallet creation flow is a prerequisite for the kind of self-sovereign payment platform the Core Team has described. More users completing KYC means more mainnet participation, which means more genuine demand-side activity to offset vesting releases.
Pi Network Price Prediction: Upside and Downside Targets
- Upside case: Protocol v25 activates cleanly on July 22, Fast Track KYC accelerates mainnet participation, and follow-through buying extends the bounce toward the 50-day EMA at $0.11523 and the Bollinger upper band at $0.12717 as the development narrative draws renewed attention.
- Downside case: The v25 catalyst is priced in before activation, unlock supply resumes selling pressure, the 20-day EMA and Bollinger midline fail to hold, and PI returns toward the $0.06919 all-time low zone as the broader bear trend reasserts itself.
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