Pi Network Price Eyes $0.3+ as Protocol v23 Rolls Out Rust Smart Contracts and DEX Plans

Pi Network Price hovered on Monday after a steady recovery, climbing above $0.2100 amid positive market sentiment and geopolitical tension between the U.S. and Venezuela. 

The overall crypto market registered a 1.07% increase in a single day and a 5.73% increase in a week, which further gave PI a price momentum.

Pi Network Price Eyes Breakout as Protocol v23 Debuts Rust Smart Contracts

The renewed optimism stems largely from the official rollout of Pi Network’s Protocol v23. The key upgrade incorporates Stellar Core v23.0.1 with the objective of improving the transaction speed, security, and overall scalability.

The network has over 15.8 million Mainnet Pioneers currently in circulation, which is supposed to increase the level of reliability and performance within its ecosystem.

Protocol v23 is one of the major changes in the history of Pi Network since it has already transformed the application into a building block of the global banking infrastructure.

The integration also brings Rust-based smart contracts that are currently operational, which allow the creation of decentralized applications (dApps) on the network.

This is not just a technical update, but it is remaking the interaction of Pi users with real-time services in a decentralized economy.

The team of the network stated that it is planned to launch a decentralized exchange (DEX) at the beginning of the year 2026. This will fit into the long term strategy of Pi to be a settlement layer that has the capability of conducting high-volume and secure transactions.

The upgrade saves a lot of time on finalizing transactions, removing bottlenecks, and establishing trust within the community.

The Protocol v23, according to Pi Network, lays the foundation of a complete digital ecosystem, which will run on its constantly expanding user base.

Pi Coin Price Surges Past $0.21, Eyes $0.30 in Bullish Breakout

The latest PI price climbed to $0.2122 after a strong surge, signaling renewed market interest.

The 4-hour chart displays a strong breakout above the $0.20 consolidation zone. 

The MACD indicator shows a crossover that supports the bullish momentum. The MACD line has moved over the signal line, which means an increasing upward momentum.

At the same time, the RSI (Relative Strength Index) is at 60, which is only slightly less than the overbought level. This is positive, though there is also a hint of forthcoming resistance to buyers.

On Monday, Pi Network recorded a high of almost 18 million PI in trading volume, the highest since December.

This is a great volume growth in a price rebound and shows a good net buying within the market.

Pi Network Price Prediction: Key Levels Watch

If the Pi Network long-range prediction maintains strength above $0.21, the next challenge lies near the $0.23 level. Beyond that, Pi could test $0.25, where historical sellers have previously emerged. 

Should the momentum extend further, the estimated target on the basis of the recent breakout is $0.30, which is a possible 41% increase of current levels.

On the negative side, the first support is at the level of the $0.20 level. Consideration of a breakdown at or below this zone would cause a pullback to $0.19 or more likely to $0.18 in a bear market mode.