Pi Network price forms a double bottom, can it break out ahead of the Protocol 26 upgrade?

Pi Network price rose toward $0.093 on Aug. 6 as buyers targeted a double-bottom breakout ahead of the Protocol 26 node deadline. Summary Pi Network price rose about 12% over seven days, outperforming the wider crypto market. A 4-hour double bottom places the key neckline resistance at $0.102. The daily chart shows PI breaking above a descending channel as CMF turned positive. Protocol 26 and the RoboPay announcement have supported sentiment, but $0.095–$0.102 remains a major barrier. Pi Network price extends its weekly recovery According to data from crypto.news, Pi Network (PI) price traded near $0.093 at the time of writing after reaching an intraday high of approximately $0.096. The token has gained around 12% over the past week, extending its recovery from July’s all-time low near $0.071. Trading activity has also increased driving the token’s price up. CoinGecko data showed approximately $14.3 million in 24-hour volume, up about 88% from the previous day. PI’s market capitalization stood above $1 billion. The move has pushed PI above the upper boundary of the descending channel visible on the daily chart. That channel had controlled price action since late April, when the tok...