Pi Network Price Nears Support Ahead of Protocol 28 Upgrade

Pi Network entered a crucial week ahead of its scheduled Protocol 28 upgrade on October 16, 2026, while its native $PI token continued trading near $0.08 following a prolonged market decline. According to data from CoinGecko cited by CryptoNews, the token changed hands at $0.08042, declining 2.10% over 24 hours and 7.32% over the week.

Upgrade and Technical Outlook

Pi Network's official node documentation confirms that Mainnet operators must upgrade their software to Protocol 28 by October 16. The network continues developing smart contract capabilities and exploring stablecoin applications. Beyond the technical rollout, Pi Network confirmed an Open Standard partnership to explore OUSD rewards and ecosystem payment applications.

Despite the upcoming release, technical indicators show continued bearish momentum. The cryptocurrency remained below its four major exponential moving averages, with the 20-day EMA at $0.08513 and the 50-day EMA at $0.08858. Analysts identified immediate support around $0.075 to $0.078, with potential resistance situated between $0.10 and $0.12.

Key facts

• $PI traded at $0.08042, down 7.32% over the past week.
• Protocol 28 upgrade is scheduled for Mainnet activation on October 16.
• Support and resistance levels are identified near $0.075 support and $0.10 to $0.12 resistance.
• Moving averages indicate ongoing bearish momentum as the token stays below four major exponential moving averages.