Pi Network price hovered near $0.070 on Nov. 12, 2026, as trading activity weakened ahead of the project’s first Ecosystem Summit. The token remained approximately 97.6% below its record high, according to CoinMarketCap.
The upcoming event will feature developer announcements, application demonstrations and a $200,000 hackathon. However, technical indicators suggested that PI remained vulnerable to further losses.
Pi Network to Host an Ecosystem Summit
Pi Coin will be in focus next week as the developers will host the first ecosystem summit on November 17 and 18. This will be an important online gathering where developers will have time to showcase their products and the vision for the future.
Most importantly, Chengdiao Fan and Nicolas Kokkalis, the founders, will deliver their announcements on the future of Pi. Also, there will be technical demos, feature announcements, and other developer conversations.
In the past, Pi Network token has done well before a major event. A good example of this is what happened in May last year when it surged ahead of the founders’ statements at the Consensus event. Earlier this year, it also jumped ahead of a major event, which coincided with the Kraken listing.
Pi Network’s goal has always been to create an ecosystem of decentralized applications across various sectors, including gaming and decentralized finance (DeFi).
The developers have worked hard in the past few months to make this possible. The most important milestone was a series of upgrades that introduced new features, including smart contracts. They also introduced Remote Procedure Call (RPC) features to make this possible.
By introducing smart contracts in Pi Network, the developers aim was to make it a direct competitor to popular chains like Ethereum and Solana.
Pi Network Demand Wanes Ahead of the Event
However, there are signs that Pi Network’s activity remains subdued ahead of the ecosystem summit. For example, CoinMarketCap data show that the 24-hour trading volume dropped by over 41% to just $4.6 million, a tiny amount given its current market capitalization of over $797 million.
Most of the volume was happening in OKX, followed by Gate and BitGet. Activity on Kraken, a top exchange in the US, has been negligible.
One reason for this is that the crypto industry remains under pressure, with Bitcoin, Ethereum, and other tokens continuing to fall. The volume of transactions in the crypto industry fell by 18% to $62 billion in the last 24 hours.
Moreover, investors likely believe that the ecosystem summit will not have any new news from the developers. For one, months after its mainnet launch, there have been no breakout apps in the ecosystem.
At the same time, Pi Network continues to unlock tokens, a move that has increased supply even as demand has dwindled. There are now less than 12 billion Pi tokens in circulation against a total limit of 100 billion tokens. As such, more of these coins will keep coming online each month.
Pi Network Price Prediction: Technical Analysis
The daily chart shows that the Pi token has been under pressure in the past few weeks. It has remained below the 50-day Exponential Moving Average (EMA) and the Supertrend indicator.
Notably, the token has formed an inverted cup-and-handle pattern, which often leads to a continuation. It is now trading at the lower side of this cup.
Therefore, the path of the least resistance for the token is bearish, with the next level to watch being at $0.0600. This view will be confirmed if it moves below the support of $0.070. On the other hand, a move above the 50-day moving average of $0.079 will invalidate the bearish outlook.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency prices are volatile, and technical indicators cannot guarantee future performance. Readers should independently assess market risks before making investment decisions.
Crispus is a distinguished Financial Analyst at, bringing over 12 years of expertise in cryptocurrency markets, specializing in Bitcoin and altcoins. Renowned for his sharp insights at the nexus of market trends and breaking news, Crispus delivers actionable analysis to empower investors. His work is prominently featured across leading platforms, including BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com, cementing his reputation as a trusted voice in the financial world.
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Disclaimer. Informational only, not financial advice. Crypto, forex and stocks are volatile, high-risk assets — always do your own research and consult a qualified adviser.
