Pi Network (PI) Price: Why PI Is Outperforming Bitcoin and Ethereum in 2026

TLDR

• Pi Network (PI) is down 12% year-to-date but is outperforming Bitcoin (-23%), Ethereum (-33%), and XRP (-21%)
• Kraken added PI to its listing roadmap, raising hopes of a major exchange listing
• Mainnet migration has paused since Friday, reducing sell pressure on PI’s token supply
• A new AI-powered KYC feature is helping more users enter the network
• PI has formed a bullish pennant pattern and is trading above its 50-day EMA

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Pi Network has dropped 12% so far in 2026, but that loss looks modest compared to the rest of the market. Bitcoin is down 23%, Ethereum has fallen 33%, and XRP has lost 21% in the same period.

PI Network (PI) Price

That relative strength has drawn renewed attention to the token.

PI is currently trading above $0.1900, up nearly 8% on the week. The coin bounced from a year-to-date low of $0.1300 and reached a recent high of $0.2068.

Mainnet Migration Pause Cuts Sell Pressure

One factor supporting the price is a halt in mainnet migration activity. According to PiScan data, the last daily migration of 259,397 PI tokens occurred on Friday, and no migrations have taken place since.

Mainnet migration allows users to move PI tokens from the testnet after completing KYC verification. When migration slows, fewer new tokens enter circulation on centralized exchanges, which reduces selling pressure.

This pause comes just ahead of the network’s first mainnet anniversary on February 20.

The team also launched a new AI-powered KYC verification tool. This upgrade is designed to speed up the verification process and allow more users to complete onboarding into the open mainnet.

Validator rewards are also expected to launch in March 2026, which has added to investor interest.

Kraken Listing Could Expand Access

Kraken, a major U.S.-based crypto exchange, has added PI to its listing roadmap. No official date has been confirmed, but the move signals a possible listing later in 2026.

A Kraken listing would give millions of U.S.-based investors access to the token. It could also increase the likelihood of listings on other major platforms.

The network is also running a series of protocol upgrades aligned with Stellar Network’s Protocol 22, with plans to continue toward Protocol 25.

Technical Outlook

PI Network has crossed above both its 25-period and 50-period Exponential Moving Averages on the 12-hour chart. It has also moved above the Supertrend indicator.

The token has formed a bullish pennant pattern. The RSI sits at 63 on the daily chart, rising from oversold levels last week. The MACD showed a bullish crossover on Friday and the histogram is trending higher.

Immediate resistance sits at $0.1919, a level that previously acted as support in October. A close above that could push the price toward $0.2177, the December 19 high.

Key support sits at the 50-day EMA of $0.1773, followed by $0.1533.

The most recent price data shows PI trading above $0.1900 on Wednesday, February 18, 2026.

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