Pi Network Price Prediction: Smart Contracts Land In May as Double Bottom Targets $0.2045

• PI trades at $0.1882, up 2.73%, breaking into the Bull Market Support Band with the Supertrend at $0.1670 confirmed bullish.
• Protocol 22 completed its hard deadline on April 27, with Protocol 23 smart contract deployment now expected in May.
• Over 10 billion PI migrated to Mainnet with 6 billion still locked, most holders are not selling into the upgrade.

Pi Network trades at $0.1882 on April 28, up 2.73%, having completed its mandatory Protocol 22 upgrade yesterday without disruption, as the 4-hour chart prints a double bottom approaching the $0.1900 neckline and smart contract deployment moves to the front of the roadmap for May.

PI Daily Chart: Inside The Bull Market Support Band For The First Time

PI has been inside a descending channel since its June 2025 high near $0.55. April’s recovery pushed price into the Bull Market Support Band for the first time, with the band running between $0.1841 and $0.2045. Today’s session at $0.1882 sits inside it, and the Supertrend at $0.1670 is rising below price, confirmed bullish after the recovery built a series of higher lows through April.

The channel’s descending upper boundary and the top of the Bull Market Support Band both converge near $0.2045, making that the level that determines whether this is a channel breakout or another failed recovery. Holding inside the band with the Supertrend rising is the most constructive daily setup PI has printed since March.

Key levels for April 29:

• Supertrend support: $0.1670
• Bull Market Support Band lower: $0.1841
• Current price: $0.1882
• Bull Market Support Band upper / channel boundary: $0.2045
• March spike high: $0.3000

4-Hour Chart: Double Bottom Neckline At $0.1900 Is The Trigger

The 4-hour chart shows a double bottom with the first trough near $0.1500 around April 5 and the second near $0.1600 around April 22. Price has recovered back to the neckline at $0.1900, with the SAR at $0.1767 flipped bullish and tracking below price since April 23. The MACD has been printing green histogram bars for five consecutive sessions with both lines above zero, keeping momentum on the side of the bulls.

A 4-hour close above $0.1900 completes the pattern and projects a measured move toward $0.2200, which sits just above the $0.2045 channel boundary on the daily. The immediate risk is a rejection at $0.1900 that sends price back toward the SAR at $0.1767 before another attempt.

Key 4-hour levels:

• SAR support: $0.1767
• Neckline: $0.1900
• Double bottom projection: $0.2200

Protocol 22 Complete. Protocol 23 Is What Matters Next

Pi Network hit its April 27 hard deadline for Protocol 22, and the network cleared it cleanly. Nodes that skipped the upgrade were automatically disconnected, and the successful transition confirms the operator base is active. Over 421,000 nodes backed by more than one million CPUs are now running the updated protocol.

Protocol 23 is the follow-up, and it brings full smart contract support expected in May. That shifts Pi from a distribution and payments network into a platform where developers can build decentralized applications and on-chain exchanges. More than 10 billion PI has migrated to Mainnet with over 6 billion still locked, meaning the migrated supply is largely sitting still rather than hitting markets, a useful backdrop if Protocol 23 drives fresh developer and user demand.

PI Price Prediction: April 29 Outlook

• Upside: PI closes above the $0.1900 neckline, completing the double bottom and opening $0.2045 as the first target. That level is both the Bull Market Support Band upper boundary and the channel ceiling. A break above it with Protocol 23 anticipation building puts the $0.2200 measured move projection in play.
• Downside: $0.1900 holds as resistance and PI pulls back toward the SAR at $0.1767. Losing the SAR puts the band’s lower boundary at $0.1841 under pressure. A daily close below $0.1841 pushes PI back out of the band and hands control back to the descending channel.