Why Pi Network Price Could Rally Above $0.10 This Week

Frank bevah
Frank bevah

Frank bevah

Market Analyst
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
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Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Pi Network Price

Pi Network Price trades near $0.079 on Wednesday, with Bitcoin around $82,300, according to CoinGecko. 

Ethereum price stands near $2,440, while XRP trades around $1.35 as hotter inflation weighs on cryptocurrencies. Pi’s upcoming Protocol 28 upgrade offers a potential catalyst for recovery toward $0.10 this week.

The dollar index reached an 18-month high after U.S. CPI inflation exceeded expectations. Markets now anticipate a more hawkish Federal Reserve, potentially restricting demand for speculative assets.

Protocol 28 Upgrade Could Support Pi Network Recovery

Pi Network has scheduled its Protocol 28 mainnet upgrade for October 16, according to the project’s official announcement. Node operators were instructed to update their software by October 13 before the network transition. The deadline has passed, placing attention on Friday’s planned activation and whether implementation proceeds smoothly.

The team says Protocol 28 improves how the network manages delays in transaction data. It also allows developers to update multiple smart contracts together and modify stored information more safely. These changes may improve the technical base for applications, but it remains to be seen how widely these features will be adopted by developers.

If the token successfully activates, it will undoubtedly make its ecosystem more prominent, particularly following its period of weakness. Over time, more applications would be encouraged, and more would participate, due to the extra tools provided to developers. That result might help to build confidence, and any short-term price gain might rely on new market demand.

Pi Coin Price Prediction: Can PI Recover to $0.10 Before the Upgrade?

The PI coin traded at $0.07857 on October 14. The last candle was down 1.06% and the price of the token is near the $0.077 support. However, Pi Network price stayed under the $0.09 resistance level, and the bearish momentum made it easier to see the charts heading back towards the $0.10 recovery.

The RSI was weak at 37.10, which is below the neutral point of 50.  The MACD line measured approximately -0.00078, below the signal line near -0.00071. 

The Pi Network price places immediate support at $0.077, roughly 2% below the displayed price. 

Why Pi Network Price Could Rally Above $0.10 This Week
Source: TradingView

The positive side is that the $0.08 zone might be an early indicator that buyers are coming back. The next levels of resistance are at $0.09, and this would imply a possible profit of some 14% from $0.07857. 

Breaking that threshold would put the chart’s $0.10 price goal within reach, which is approximately 27% above the current price.

The gain is what’s different, as the future Pi Network price outlook reveals a 25% increase over approximately $0.08005. If PI Network price can maintain support, break the $0.09 resistance level and develop more upward momentum, then it can rise to $0.10.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Frequently Asked Questions (FAQs)

1. Could Pi Network price reach $0.10 this week?

PI could reach $0.10 if buyers defend support and push the price above $0.08 and $0.09. That target represents approximately 27.3% upside from $0.07857. However, weak momentum means the recovery would require stronger buying pressure.

2. When is Pi Network’s Protocol 28 upgrade scheduled?

Protocol 28 is scheduled for mainnet activation on October 16, according to the announcement cited in the article. Node operators were instructed to update their software by October 13. Attention now turns to whether Friday’s network transition proceeds smoothly.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.