Pi Coin (PI) is continuing its rebound trend, buoyed by Bitcoin stabilizing above the $65,000 mark and improving investment sentiment in the cryptocurrency market. With expectations building around the Protocol 26 upgrade, new potential use cases, and additional exchange listings, attention is focused on whether the coin will attempt to breach the $0.10 level.

Up 2.80% in 24 Hours... Outpacing Bitcoin's Gains

According to overseas crypto media outlet Coingape, Pi Coin recorded a price of $0.0910, up 2.80% over the past 24 hours. During the same period, Bitcoin rose only 0.21%, and the overall cryptocurrency market capitalization increased by just about 0.46%. This means Pi Coin recorded a higher gain than the market average.

However, trading volume decreased by 17.59% to approximately $9.42 million. Coingape assessed that considering the decline in trading volume, more active market participation must be supported for the current recovery trend to continue.

Bitcoin Approaches $65,400... U.S. ETFs See 5 Consecutive Days of Net Inflows

Positive macroeconomic factors also coincided. According to Coingape, Bitcoin rose to around $65,400 during Saturday's trading before continuing its movement around the $65,000 level. Weaker-than-expected U.S. employment indicators revived investment sentiment for risk assets, supporting the price increase.

Citing data from SoSoValue, Coingape reported that U.S. Bitcoin spot exchange-traded funds (ETFs) recorded net inflows of $98.85 million on August 7 (local time), marking five consecutive trading days of net inflows.

Protocol 26 'Closes August 11'... Long-Term Utility Expectations

The biggest focus of the Pi community is Protocol 26. According to Coingape, mainnet validators must complete necessary preparations related to the network transition by August 11 (local time). The Pi Network team explained that this upgrade will improve contract security, state management, interoperability, and cryptographic functions. The goal is to strengthen the foundational infrastructure for future application services to be launched across the ecosystem.

Coingape reported that expectations for Protocol 26 are playing a role in maintaining market interest during Pi Coin's recent rebound process. However, it added that technological advancement does not necessarily translate directly into sustained price increases. It projected that if Protocol 26 is successfully launched, it could strengthen long-term expectations for Pi Coin's utility.

RoboPay Payment Partnership and Additional Listing Expectations Also Coincide

The Fabric Foundation announced on August 4 (local time) that Pi Network is participating as a payment partner for RoboPay, and it will be used to pay for robot services across the Fabric network using Pi Coin. RoboPay is designed to enable artificial intelligence (AI) agents to autonomously search, hire, and coordinate robots on the blockchain and process payments.

Coingape evaluated that these developments have provided the market with a basis to discuss Pi Coin's real-world utility potential. However, as there is not much official information regarding this partnership, the market is in a wait-and-see mode regarding official confirmation from the related companies.

Expectations for additional listings also persist. Pi Coin is currently traded on exchanges such as OKX, Kraken, Gate, and MEXC, but has yet to be listed on Binance and Coinbase. According to Coingape, in a Binance community vote conducted in February 2025 (local time), 86.8% of participants voted in favor of adding Pi Coin, but this did not lead to an actual listing.

Technical Outlook: Breaking $0.095 Opens Path to $0.10... Strong Resistance Could Push It Down to $0.085

According to Coingape, Pi Coin overcame its downward trend around the $0.090 level and rebounded to $0.0914. The Relative Strength Index (RSI) stands at 60.80, and the 4-hour chart Moving Average Convergence Divergence (MACD) line is at 0.00130 with the signal line at 0.00122, indicating a gentle upward trend.

Coingape suggested that if Pi Coin continues trading above $0.090, there is a possibility of forming an additional upward trend. It projected that if the upward momentum continues from the recent correction phase, the price could rise to the $0.095 resistance level, and surpassing this could bring $0.10 back into focus as a major price target. It analyzed that if the upward trend strengthens upon breaking $0.10, the next key price target would be $0.110, and continued buying pressure could expand interest toward the $0.120 resistance level.

Conversely, if the upward momentum is stalled again, there is also a possibility of being pushed back down to the $0.090 support level. Coingape added that losing this price point could weaken the coin down to the support level around $0.085, which could burden the current recovery trend.

[This article is by no means intended as investment advice. The content may merely reflect opinions, so please do not use it as a reference or data for investment. All investments are made at the individual's own discretion, and the final responsibility lies with the investor. This publication bears no responsibility whatsoever.]