Pi Network brought Testnet 2 live on Protocol v26 on August 13, leaving Protocol v27 as the last remaining step in its current upgrade roadmap. The move comes as PI trades in a narrow technical range, with market watchers focused on whether the final protocol release could coincide with a breakout above long-watched resistance.

At the same time, the project has logged a separate regulatory milestone. Pi Network’s white paper completed registration with the European Securities and Markets Authority on August 10, which the source describes as an early step toward compliance with the EU’s Markets in Crypto-Assets framework, while full authorization remains outstanding.

Price remains compressed in a tight range

On August 13, PI was trading at $0.0891, up 0.20%, while moving inside a tightening triangle bounded by roughly $0.075 on the downside and $0.10 on the upside. The 20-day EMA stood at $0.0882, placing the token close to a level traders often use to judge short-term momentum.

According to the analysis cited in the source, the current chart structure leaves the asset at an inflection point rather than in a confirmed trend. Until price closes decisively above resistance or below support, the market remains compressed and directionally unresolved.

Protocol v26 goes live, with v27 still pending

The launch of Testnet 2 on Protocol v26 marks the second-to-last upgrade in Pi Network’s roadmap. The project has now completed eight upgrades spanning v19 through v26, and Protocol v27 is the only remaining release in the series.

Analysts cited by the source say Pi Network now includes all Stellar network features up to v26. With that phase complete, attention has shifted to v27, which is expected to finish the rollout, although no release date was provided in the report.

Analysts outline upside and downside triggers

The bullish case described in the source depends on a daily close above $0.10. If that level is cleared, analysts see scope for PI to move through the 50-day EMA at $0.0975 and extend toward $0.15.

The bearish case centers on the lower end of the current range. A daily close below $0.075 would negate the bullish setup and could send PI toward the lower boundary of the broader pattern, with about $0.04 cited as a possible downside target if the structure remains intact into September.

Regulatory progress may matter more over time

Separately from the chart setup, Pi Network’s white paper completed ESMA registration on August 10. The report presents that step as preliminary progress toward MiCA compliance in the European Union rather than evidence of final approval.

The source says this type of regulatory development is being viewed as a slower-moving support factor for institutional confidence, not as an immediate catalyst for price. For now, the more direct variable remains whether Protocol v27 arrives and whether PI can break out of its current range.

What comes next

The next confirmed milestone on the project side is the eventual release of Protocol v27, which remains pending. On the market side, the source frames $0.10 and $0.075 as the key levels to watch for confirmation of the next move.

Until one of those thresholds gives way on a closing basis, the article’s outlook remains balanced: a move toward $0.15 is still possible on strength, while a drop toward $0.04 remains in play if support fails.

Source: Coin Edition