- Pi Network’s May 15 mainnet upgrade introduces smart contracts, the final phase of upgrades running since April
- Over 18.1M Pioneers have completed KYC with 16.72M migrated to Mainnet, and April alone added 100,000 new verifications
- Kevin Warsh replaces Jerome Powell as Fed chair this week, bringing a crypto-invested voice to the helm of US monetary policy
Pi Network trades at $0.1716 on May 12, sitting on rising trendline support with three major catalysts arriving before the week is out, a US CPI print today, a Fed chair confirmation vote, and the final mainnet upgrade on May 15 that adds smart contracts to the network.
PI Daily Chart: Trendline Support Holding Below Four Bearish EMAs
The daily chart is straightforward. PI has been grinding along a rising trendline support since bottoming near $0.134 in February, but every EMA above is still bearish and stacked overhead. The 20 EMA at $0.1761 and 50 EMA at $0.1774 are both just above current price, acting as the first ceiling. The 100 EMA at $0.1838 is next, followed by the 200 EMA at $0.2358, the macro resistance level that capped the April rally near $0.30.
The Parabolic SAR at $0.1941 sits above price and remains bearish, meaning the daily trend has not technically flipped yet. Price needs a clean close above $0.1774 to begin reclaiming the EMA stack, and above $0.1941 to flip the SAR bullish.
Related: Dogecoin Price Prediction: MyDoge V3 Brings DeFi And AI Agents To DOGE As Price Coils At 200 EMA
The March spike to $0.30 showed PI can move fast when a catalyst lands. The question is whether the May 15 upgrade delivers the same reaction.
Key levels:
- Resistance: $0.1761 (20 EMA), $0.1838 (100 EMA), $0.1941 (SAR), $0.2358 (200 EMA)
- Support: Rising trendline near $0.1670, $0.134 February low
- Breakout trigger: Daily close above $0.1941
Three Catalysts Before Thursday: CPI, Fed Chair, Smart Contracts
US CPI drops today, May 12. When the March print came out on April 10, PI dropped 3.78% in the three days that followed. If today’s number comes in hot, expect similar pressure on risk assets including PI. A softer reading would do the opposite.
Kevin Warsh’s Senate confirmation vote is expected this week, replacing Jerome Powell as Fed chair. Warsh has disclosed personal investments in Solana, Polymarket, and Compound, making him the most crypto-aligned Fed chair in history. Markets have historically responded well to perceived monetary dovishness, and a crypto-friendly face at the Fed adds institutional confidence to the whole sector.
The May 15 mainnet upgrade is the biggest of the three. It marks the final phase of a series of upgrades running since April and delivers smart contracts to Pi Network for the first time. A PI ecosystem with smart contract functionality gives developers a reason to build and holders a clearer value proposition beyond speculation.
April Network Update: 18.1M KYC Completions and Growing
Pi Network’s April 2026 update confirmed over 100,000 new KYC completions in the month, bringing the total to 18.1M verified Pioneers.
Mainnet migrations added 30,000 in April, with cumulative migrations now exceeding 16.72M. The growth rate is modest at 0.56% for KYC and 0.18% for migrations, but the absolute numbers represent one of the largest verified user bases of any blockchain project outside the top five by market cap.
Pi Network Price Prediction: Upside and Downside for May 13
- Upside: Soft CPI today and Warsh confirmation this week push PI above $0.1761 and $0.1838. Smart contract launch on May 15 triggering developer and community momentum targets $0.20 first, then $0.2358 where the 200 EMA sits.
- Downside: Hot CPI print sends PI back toward trendline support near $0.167. A break of that trendline on a daily close reopens the path to the February low at $0.134.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
