Pi Network Price Decline Ahead of Crucial Upgrade Milestones

The Pi Network has been experiencing a decline in its price over the past few days, despite the ongoing upgrade of the network. The final stage of the upgrade is expected to be completed this month, which may lead to a rebound in the token's price.

According to technical analysis, the token's price may continue to drop, potentially reaching a key support level at $0.1630. This would indicate further downside for the token, with a potential target of $0.1500. However, if the token can break through its current resistance level at $0.200, it could signal further gains and push the price towards the psychological level of $0.2500.

The Pi Network's upgrade is expected to introduce new features such as parallel processing, unified events, and reusable module cache. The introduction of smart contracts will also make it easier for developers to build decentralized applications (dApps) on the network, which could lead to increased utility for the token. However, the challenge lies in competing with other saturated networks in the smart contract industry.