- Pi Network‘s PI token rallied nearly 4% in a day, outperforming major cryptocurrencies.
- The uptick follows announcements of major network upgrades and 16 million users on its mainnet.
- Analysts project a price drop to around $0.09684 by February 21, a 30% correction.
- The rally is expected to be short-lived due to broader bearish crypto market conditions.
On February 13, 2026, Pi Coin (PI) experienced a notable price rally in the daily charts, significantly outperforming giants like Bitcoin and Ethereum. According to CoinGecko data, PI’s price surged by nearly 4% in the last 24 hours. However, this daily gain stands in stark contrast to its performance over longer periods.
Consequently, the asset remains down 4.6% for the week, 15.2% over two weeks, and 33.7% over the past month. The rally appears linked to significant announcements from the project’s developers. The Pi Network team confirmed a series of major protocol upgrades, with the first deadline set for February 15.
“The Pi Mainnet blockchain protocol is currently undergoing a series of upgrades,” stated the official announcement. Furthermore, the team revealed that over 16 million users have now transitioned to the project’s operational mainnet. Meanwhile, analysts are skeptical about the sustainability of this positive momentum.
CoinCodex analysts do not anticipate Pi Coin’s price rally to continue in the coming days. The platform specifically predicts PI’s price will fall to approximately $0.09684 by February 21. This projected decline represents a significant correction of about 30.31% from current levels.
The bearish outlook is compounded by the broader cryptocurrency market environment. Bitcoin teeters on the verge of falling below the $66,000 threshold, which could trigger a wider downtrend. Therefore, Pi Coin will likely face substantial selling pressure if market conditions deteriorate further.
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