Pi Coin price is showing signs of life again after a quiet stretch. The price is up nearly 4% today, trading around $0.3854, and daily trading volume has climbed almost 50%. What’s driving this move? A mix of fresh exchange activity and some long-awaited protocol updates have put Pi back on the radar for traders.
The rally isn’t just about charts. On August 25, Pi Coin was listed on Swapfone, a new US-regulated exchange, opening PI/USDS trading pairs. The launch came with a small airdrop, 200 PI to 10 users, which sparked some speculative buzz.
Because Swapfone is mobile-first, the listing lines up neatly with Pi’s user base, though the exchange’s short track record has some traders cautious.
At the same time, Pi developers announced new protocol updates. The project began its second mainnet migration of 2025, aimed at fixing KYC bottlenecks and rolling out gradual token unlocks to prevent sudden sell pressure.
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On August 29, Protocol v23 went live, adding Linux node support and decentralized KYC upgrades that move Pi closer to the decentralization its community has been waiting for.
Pi has released a Linux Node version and is preparing protocol upgrades. The highly requested Linux Node will provide standardized and easier infrastructure for partners and services. https://t.co/N9xIujj97I
— Pi Network (@PiCoreTeam) August 27, 2025
There will also be an upcoming rollout of protocol upgrades that begins…
Still, there’s an elephant in the room: more than 72% of Pi’s 100B supply is still locked. That keeps inflation risks alive, even as controlled unlocks and technical progress help the price in the short run.
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What the Pi Coin Chart Is Showing
On the 4H chart, Pi Coin price has bounced nicely from last week’s dip to $0.32. Since then, buyers have stepped in and the price has been grinding higher, now holding above $0.38.
Momentum looks better than it has in weeks. Instead of lower highs, Pi Coin is starting to print higher lows, which usually hints at growing bullish pressure.
The key test now is the $0.40 level, that’s where Pi Coin price was rejected a few times in August. If bulls can clear that hurdle, the next upside target sits between $0.42 and $0.45.
On the downside, support is sitting at $0.35. That level has already proven strong during the recent rebound, and as long as Pi holds above it, the short-term structure stays positive.
Market Indicators
Volume is backing up the price action, jumping almost 50% over the past day. That tells us the latest rally has real participation behind it.
Open interest is steady at around $28 million, showing that traders are active but not leaning too heavily on leverage.
Whales have been quietly adding, with net longs edging above shorts. Exchange reserves are down too, which usually points to less selling pressure ahead.
But bears haven’t disappeared; net short positions remain elevated at around $60 million, which means plenty of traders are still betting against Pi.
Overall, the signals are mixed but improving. Bulls have the momentum, but they’ll need a strong push through $0.40 to really confirm control.
Pi Coin Price Short-Term Outlook for The Week
With Pi Coin sitting just under $0.39, the spotlight is on the $0.40 resistance zone. If price breaks through, it could quickly run toward $0.42–$0.45.
If bulls fail and Pi Coin price slides back, the $0.35 support level will be the line to watch. A drop below that could see Pi revisiting the $0.32 lows from last month.
For now, the tone is cautiously bullish. The new listing, protocol upgrades, and rising volume are helping Pi attract attention again. If momentum holds, this week could finally give Pi Coin the breakout its community has been waiting for.
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