- Pi Network stabilizes near $0.21 as buyers attempt to form a short-term base.
- Over 210 DApps and 23,000 projects signal strong developer momentum on Pi.
- Upcoming Hackathon and protocol upgrade may shape Pi’s near-term market outlook.
Pi Network’s price has shown early signs of stabilization after weeks of downward pressure. The token traded around $0.2108, gaining 0.35% on the 4-hour chart. Despite the brief rebound, the broader structure remains bearish, with sellers still dominant. However, a narrowing consolidation range suggests buyers are attempting to establish a short-term base near the $0.21 mark.
Market Structure and Key Technical Levels
Pi’s price is confined between $0.197 and $0.227, forming a potential accumulation zone. The immediate support lies at $0.2100–$0.2120, where consistent buying activity has been observed.
If this area holds, the next challenge will be the $0.2270 resistance aligned with the 50-day exponential moving average (EMA). A breakout beyond this level could pave the way toward $0.247 and $0.272, the 38.2% and 50% Fibonacci retracement zones.
Conversely, a breakdown below $0.21 could trigger renewed bearish momentum. The critical defense level is at $0.1971, the September low and the 0% Fibonacci retracement level.
Below that, $0.1800 serves as a psychological floor. All EMAs (20, 50, 100, and 200) remain stacked bearishly, confirming the prevailing downtrend. Yet, the flattening 20-EMA and 50-EMA hint at waning downside momentum, suggesting a possible range-bound phase before the next move.
Market Data and On-Chain Overview
Source: PiScan
According to PiScan data, Pi Network’s market capitalization currently stands at $1.74 trillion. The token price is at $0.211, reflecting a 3.17% decline in 24 hours. The total Pi supply is 12.73 billion, with 8.27 billion circulating and 5.10 billion locked. This distribution shows a moderate supply constraint, which could influence volatility once market sentiment improves.
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Development Activity and Network Catalysts
Beyond price movement, Pi Network’s ecosystem is expanding rapidly. According to Pi News the platform now supports over 210 decentralized applications (DApps), while more than 23,000 projects are under development through Pi Studio.
This steady growth highlights strong developer engagement despite market weakness. Two upcoming milestones the Pi Hackathon and the version 23 protocol upgrade may also shape near-term sentiment.
The Hackathon, which concludes on October 15, features innovative projects such as Starmax, Nature’s Pulse, and Eternal Rush, aimed at boosting user activity. Additionally, the version 23 upgrade, expected by early 2026, will focus on scalability, transaction speed, and efficiency.
On October 1, the network introduced decentralized exchange (DEX) and automated market maker (AMM) functions on its testnet. These upgrades underline Pi’s evolving infrastructure and could eventually translate into stronger market performance if adoption continues to rise.
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Technical Outlook for Pi Network Price
Key levels remain well-defined as Pi Network consolidates near the $0.21 zone heading into mid-October.
- Upside levels: $0.2165 (23.6% Fib) acts as the first resistance, followed by $0.2270 (50-EMA) and $0.2471 (38.2% Fib). A successful breakout above $0.2471 could extend toward $0.2719 (50% Fib) and $0.2966, where the 200-EMA aligns with the 61.8% Fib retracement.
- Downside levels: Immediate support lies at $0.2100–$0.2120, marking the lower boundary of the consolidation range. Below this, $0.1971 represents the September low and a key horizontal support. A breakdown under $0.1971 could expose the next support at $0.1800, a psychological round-number level where bulls are likely to defend aggressively.
- Resistance ceiling: The $0.2761–$0.2966 range, which combines the EMA-200 and major Fibonacci levels, remains the critical zone to flip for a confirmed medium-term trend reversal.
The technical picture suggests Pi Network is forming a base within a short-term accumulation range between $0.197 and $0.227. The compression of price within this band reflects fading bearish momentum and possible preparation for volatility expansion.
Can Pi Network Regain Momentum?
Pi’s next directional move depends on whether bulls can defend the $0.21 floor and push through $0.227 resistance. Sustained closes above $0.227 would validate bullish control, setting the stage for a move toward $0.247 and $0.272. However, failure to maintain support above $0.21 could trigger renewed selling pressure toward $0.197 or even $0.18, extending the broader downtrend.
For now, Pi Network remains in a pivotal accumulation phase. The growing developer ecosystem and upcoming network upgrades may strengthen sentiment, but price confirmation will be essential before a sustained recovery unfolds.
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