Pi Coin (PI) continued its impressive rally this week, rising another 15% in 24 hours and extending its weekly gains to over 30%. The surge follows confirmation that Pi Network has joined the ISO 20022 framework, a global standard for electronic financial messaging used by major institutions and digital assets like Ripple (XRP) and Stellar (XLM).
At the time of writing, Pi Coin trades near $0.28, recovering sharply from last week’s $0.19 low. Technical indicators show that the cryptocurrency has broken out of a multi-week consolidation zone, confirming renewed bullish momentum.
Analyst Devid James noted that the breakout signals “growing strength in the price floor,” adding that the next resistance at $0.3626 could determine whether Pi continues its upward trajectory. However, a rejection at that level may lead to a short-term pullback toward $0.23, a key support zone.
Key Levels to Watch:
- Resistance: $0.3626
- Support: $0.23
- Current target: $0.28 breakout zone
The bullish structure suggests that a successful break above $0.28 could pave the way for further upside, potentially marking a new phase in Pi’s market expansion.
ISO 20022 Membership Sparks Optimism
Pi Network’s inclusion in the ISO 20022 group represents a strategic milestone in bridging blockchain assets with traditional finance. This alignment enhances Pi’s ability to integrate seamlessly with global payment systems, improving its institutional credibility and cross-border transaction efficiency.
The ISO 20022 framework, already adopted by leading global banks, is rapidly becoming the universal language for financial messaging. By joining this system, Pi Network positions itself alongside regulated assets like XRP and Stellar, setting the stage for potential banking integration and regulatory recognition.
The development also coincided with increased on-chain activity, as Pi tokens began exiting exchanges—an indicator often linked to long-term accumulation by holders.
Network Upgrades and KYC Expansion
Pi Network’s roadmap continues to evolve, with the upcoming Protocol 23 upgrade scheduled for Q4 2025. The update will focus on improving scalability and transaction throughput, ensuring the network can handle rising adoption rates as it moves closer to full mainnet deployment.
In parallel, Pi’s user base has grown significantly:
- 3.36 million Pioneers have completed full KYC verification,
- 4.76 million tentative KYC cases are currently being reviewed.
These milestones strengthen the ecosystem’s credibility, paving the way for broader global participation and future listings on major exchanges.