Pi Coin Rises by 4% Before Network Upgrade

Pi Coin is enjoying a strong price rise on the daily charts. This coin has outperformed Bitcoin (BTC), Ethereum, XRP and others. According to CoinGecko data, PI’s price has risen by nearly 4% The last 24 hours. The asset remains in red territory in other timeframes despite the recent rally. PI has dropped by 4.6% this week, 15,2% on 14-day charts and 33.7% in comparison to the previous month. Discuss why PI’s price is rising today. Also, let’s see if it can continue to rise despite the bearish forces in the market.

Can Pi Coin continue its price rally?

Pi Coin’s (PI’s) rally takes place just days after Pi Coin announced a range of important upgrades. According to the team, the first upgrade would take place in 2026 on February 15. The announcement of the upgrade may have boosted investor sentiment. The team also announced that 16 million users had made the switch to the mainnet. This large number shows a vibrant community in the PI eco-system.

While the rally was commendable it’s unlikely to continue given the overall bearish environment. Bitcoin (BTC), is poised to drop below $66,000. Other assets are likely to follow BTC. BTC dropping below $66,000 can trigger a downtrend across the entire market. Under these circumstances, PI’s value could experience a major correction.

CoinCodex analysts also do not anticipate Pi Coin’s price rally to continue In the days to come. According to the platform, PI’s price will drop below 10 cents on February 21, dipping as low as $0.09684. A fall to $0.09684 will result in a 30.31% correction.

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Pi Coin will probably enter a recovery mode once the overall economy starts to improve. Investors have stayed away from risky investments and are likely to continue this risk-free approach in the coming months.