Pi Coin traded at $0.1478 as of writing , up 8% in the past 24 hours and 1.21% over the last seven days, as traders positioned ahead of a key network upgrade scheduled for February 15, 2026. Despite the short-term rebound, the token remains down 29.38% over the past 30 days, reflecting broader weakness across the crypto market. The recent uptick followed an announcement from the Pi Core Team outlining a series of protocol upgrades for the Pi Mainnet blockchain. The team confirmed that all mainnet nodes must complete the first phase of the upgrade by February 15 to remain connected to the network. That deadline has become a focal point for the community and market participants. Node Upgrade Deadline Approaches The upgrade requires node operators to implement changes to stay within consensus and continue block propagation. Nodes that fail to upgrade will drop from consensus, which could temporarily reduce network redundancy and concentrate validation among upgraded operators. A smooth transition would signal operational stability and technical progress for the ecosystem. In contrast, a large number of non-compliant nodes could raise concerns about decentralization, uptime, and transaction finality. These factors often influence market sentiment, especially in projects that rely heavily on community participation. The team also reported that more than 16 million users have migrated to the mainnet. This milestone highlights the scale of the Pi ecosystem and underscores active engagement within the community. Market observers often track user migration metrics as a measure of network traction. Market Environment Adds Pressure While the upgrade narrative has supported short-term momentum, broader market conditions present headwinds. Bitcoin trades around the $66,000 level, and traders monitor the level closely. A decisive move below that mark could trigger wider selling across digital assets, given Bitcoin’s influence on overall market direction. Under such circumstances, smaller-cap tokens like PI often face amplified volatility. Market participants therefore weigh both internal catalysts and macro signals when assessing near-term price action. CoinCodex analysis forecasts potential downside in the coming days. Their model projects that Pi Coin could decline to $0.1097 by February 18, 2026, representing a possible 25.65% drop from current levels. However, their longer-term outlook suggests higher targets, with projections of $0.2727 by the end of 2026 and $0.3945 by 2030. Technical Levels in Focus From a technical perspective, traders note that PI holds near a major support zone. The token has recorded multiple bounces from this area, which some interpret as signs of seller exhaustion. Chart watchers now look for breakout confirmation to validate a sustained move higher. At the same time, price action remains sensitive to both network execution and macro conditions. The upgrade outcome, user participation, and broader crypto market direction will likely shape sentiment in the near term. As February 15 approaches, Pi Coin’s trajectory hinges on whether technical progress and community engagement can outweigh external market pressures. The coming sessions may offer clearer signals about the strength of the current rally and the durability of support levels.
