Pi Network price holds near $0.18 ahead of key upgrades and Consensus 2026 event, eyeing $0.20 breakout.

Pi Network's price is steady around $0.18, consolidating in a tight range as traders anticipate major catalysts. Key upcoming events include the Consensus 2026 conference where co-founders will speak, boosting visibility, and the Protocol 23 upgrade on May 11, which will add smart contract functionality and expand the ecosystem. Reduced token inflows and paused migrations ease selling pressure, supporting a cautiously bullish outlook. However, a large token unlock in May poses a risk. A breakout above $0.19 could lead to a test of $0.20 or higher, while failure to break resistance may see the price drop to support levels near $0.17 or $0.165.