Pi Coin Price Prediction as Bearish Open Interest Divergence Weakens $0.10 Breakout

Pi Coin (PI) price has gained by 15% since August 23. Despite this gain, Pi Coin still faces resistance at the psychological level of $0.10.

PI has failed to close above this resistance since July 2026, and the open interest is now making lower highs, as demand for speculative positions on Pi Coin eases.

Pi Network is down by 1.54% today, September 10, to trade at $0.096 at the time of writing. The drop comes after the ECB hiked rates by 25 basis points.

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Pi Coin’s Open Interest Falls Despite Network Upgrades

Data from Coinalyze shows that the open interest for Pi Coin has dropped from $27.10 million on August 23 to $24.57 million.

During the same period, the price of PI has increased by 15% from $0.086 to $0.099. This suggests that Pi Coin’s open interest has shed $2.53 million, while the price has increased by 13%.

This drop in OI while the price rises suggests that the uptrend is not stemming from traders buying the stock. Instead, it could be stemming from the closing of short positions.

This dropping OI also shows that the demand for speculative positions on Pi Coin is low despite ongoing upgrades on the network. This setup could be weakening Pi Coin’s move above $0.10.

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PI Faces Volatility as Protocol 27 Upgrade Coincides with FOMC

As reported earlier by CoinGape, Pi Coin has launched new developer capabilities ahead of the final upgrade on the network dubbed Protocol 27 that will take place on September 15.

The upgrade will occur one day before the Federal Open Market Committee (FOMC) meeting takes place on September 16, where the Fed could either hike or trim interest rates.

Past trends suggest that the price of Pi Coin gains after protocol upgrades. Protocol 27 could attract hype and increase buying pressure because it will be the final planned upgrade on the Pi Coin network.

However, the data from CoinGape prediction markets show that investors expect the Fed to increase rates by 25 basis points.

If this hike is not priced in, it could cause a decline in the price of Pi Coin.

Pi Coin Price Tests Resistance at $0.10

Pi Coin price has not closed above the psychological resistance at $0.10 since July 9. However, it has tested this resistance multiple times, suggesting that this might be the price at which buyers are booking profits.

If PI closes above $0.10, it will have also confirmed a bullish long-term Pi Network outlook shown by an ascending triangle.

The triangle has a height of 38%. Hence, Pi Network could post a similar 38% move from the resistance at $0.10 and reach $1.38.

The RSI reading of 57 suggests that the momentum is favoring bulls. The MACD line that is positive and above the signal line also suggests that the bullish momentum is strong.

However, if inflation pressures and Fed rate hikes increase selling pressure, Pi Coin price might drop to test the support at $0.089.