Pi Network price prediction for September 17 turns cautious below $0.0935, the level PI lost today as a Supertrend sell signal fired and price pulled back toward the rising channel it’s held since July.
PI trades near $0.0871, down 4.43% today, retreating after briefly testing resistance near $0.095 inside the ascending channel that’s contained price since mid-July. That channel formed after a steep slide from a May high near $0.19 to a July low near $0.07, with price recovering inside a rising structure that a Supertrend buy signal confirmed in early August near $0.078.
Today’s reversal flipped that signal. A fresh Supertrend sell signal fired as price dropped and closed below both the 20-day EMA at $0.0935 and the 50-day EMA at $0.0941, though the pullback has stayed inside the channel rather than breaking it, with the rising trendline support currently sitting near $0.086. The 100-day EMA at $0.1047 and 200-day at $0.1402 sit well above, both still reflecting the broader downtrend that’s been in place since May. Holding that trendline on a daily close is the level to watch, a break below it would be the first real technical damage to PI’s summer recovery.
| Type | Price |
| Resistance | $0.0935 |
| Resistance | $0.0941 |
| Resistance | $0.10 |
| Support | $0.0863 |
| Support | $0.078 |
| Support | $0.07 |
The Pi Core Team started its Protocol V27 upgrade, beginning with a Testnet 2 rollout and targeting a Mainnet transition by the end of the week, according to BSCN. The upgrade brings Pi Node Docker to V27.1.0, aims to strengthen network infrastructure, and lays groundwork for future integrations including Pi Dex. BSCN called the transition a major step toward decentralizing the network.
PI’s drop lands alongside broader crypto weakness. The CLARITY Act failed to advance in the Senate this week, and markets are separately pricing a 92% chance the Federal Reserve raises rates by 25 basis points on Wednesday, according to CME Group’s FedWatch tool. That would be the Fed’s first hike since 2023, with inflation running above its 2% target for more than five years and the Middle East conflict cited as a recent driver of higher prices.
Fed Chairman Kevin Warsh said at the Jackson Hole Symposium in August that “we have work to do,” and has said he prefers letting officials debate the data rather than offering forward guidance ahead of meetings. Investors will also watch the Fed’s updated dot plot for signals on the rate path beyond this week’s decision.
PI reclaims $0.0935 and closes back inside its broken rising channel. A steady Fed decision or continued progress on the V27 Mainnet transition could support a recovery toward the 50-day EMA at $0.0941, with today’s low at $0.0863 needing to hold as new support first.
PI fails to reclaim the channel and slips through today’s low at $0.0863. A hawkish Fed hike combined with continued fallout from the CLARITY Act’s failure would fit that scenario, exposing the channel’s base near $0.078 and the July low at $0.07 below that.
PI could stabilize and retest $0.0935 if it reclaims its broken rising channel. Failing that, a slide toward the channel’s base near $0.078 becomes the bigger risk.
PI broke below the rising channel it had held since July, flipping its Supertrend signal from buy to sell, in a session that coincided with broader crypto weakness tied to the CLARITY Act’s Senate failure and Fed rate hike expectations.
Pi Network’s Protocol V27 upgrade started with a Testnet 2 implementation and is targeting a Mainnet transition by the end of the week, updating Pi Node Docker to V27.1.0 and preparing the network for future integrations like Pi Dex.
Yes. Markets are pricing a 92% chance of a 25 basis point hike, which would be the Fed’s first rate increase since 2023, according to CME Group’s FedWatch tool.
