Pi Network Price Dips as Testnet Rolls Out First Smart Contract

After reducing over 20% weekly losses, the Pi Network price has resumed the downward trend in the last 24 hours. After opening with a high, Pi Network price has unlocked another dip, sending the price below $0.18. This fall in the price comes as the Pi Network has confirmed its first smart contract feature on the testnet.

Pi Testnet Adds Subscription Smart Contract Support

Pi Network introduced subscription support on Pi Testnet, marking its first smart contract capability. The release opens recurring payment testing for developers and businesses. Pi also published PiRC2 for review, bug checks, and community feedback before any Mainnet rollout.

The contract lets users approve a budget without signing every billing event. However, users can set limits by amount and billing period. Funds stay in the wallet until each charge is processed on-chain. The design supports recurring payments for e-commerce, streaming, and online tools. If the wallet holds enough balance, the subscription stays active. Pi said the model preserves wallet control during billing.

Pi linked the release to node and protocol upgrades for smart contract functionality. It also referenced the Pi Testnet RPC server release for blockchain data access. Pi said, “The smart contract itself is also being reviewed by external auditing services.” At this stage, Pi is limiting the feature to review on the testnet. Developers can inspect PiRC2, test flows, and report bugs or edge cases. Pi said the process will help reviewers examine the design before any Mainnet release.

Pi Price Stays Under Pressure as Downtrend Holds Firm

Despite this introduction, the Pi coin price has reacted negatively to this development. According to CoinMarketCap data at the time of press, Pi recorded a clear downward move over the period, with the Pi-6.60% falling to $0.1710. The asset showed a 6.99% decline, reflecting steady weakness across the session. Early movement pushed the price lower from the upper range and kept pressure intact. A sharp drop then broke the initial structure and moved the Pi Network price into a lower zone.

After that fall, price attempted short rebounds, but each move lost strength quickly. Mid-period action turned uneven, with small rises followed by fresh pullbacks. That sequence kept the broader direction negative and prevented any lasting recovery. Price later moved in a narrow band, though the movement still leaned downward.

Another brief rise appeared, yet it stopped at earlier rebound levels. The final stretch brought another decline and left price near the session’s weaker area. The performance remained negative, with lower highs and lower lows. Pi Network price finished the period under pressure, and the downward trend remained the dominant pattern overall.

Pi Network Price Shifts From Selloff to Stabilization

Technical analysis shows that the Pi network price showed a long decline from late 2025 into early February 2026. That dip pushed the price from the highs toward the $0.13 area. After that drop, Pi Network price formed a base and started a recovery trail. The rebound gained pace through February and early March.

Price then accelerated sharply and reached the period’s strongest peak near $0.30. That rally ended quickly, and a steep reversal followed within the day. The pullback erased much of the March advance and returned Pi-6.60% to the mid-$0.17 area. After that reset, Pi Network’s price moved in a tighter band through late March and April. This period showed smaller candles, flatter movement, and weaker downward momentum.

Recent history points to consolidation after a sharp correction. That structure usually precedes either a gradual rebound or another brief dip. Because the decline slowed and the price stabilized, the next move leans toward a modest recovery attempt. Any upside phase would likely start slowly rather than repeat the March surge immediately. For now, the pattern shows recovery from a base, a spike, a reset, and stabilization.