Pi Network's PI token falls near $0.08 on weak volume ahead of the Protocol 28 upgrade
PI traded near $0.0812 after a 10% weekly decline, with volumes shrinking and the Protocol 28 upgrade set for October 16.
Why it matters
Protocol 28 carries a hard node deadline of Oct. 13 with the upgrade set for Oct. 16, so operators have a narrow window to act while the token trades near the lower end of its recent range. The Pi Core Team's confirmation that stablecoins will not displace PI matters for how the ecosystem's payment layer is expected to be built, and the stablecoin partnership with Open Standard has no announced Mainnet date.
Where the sources disagree
PI price level across the three reports
near $0.0812, down about 10% over seven days
Crypto.News
$0.08719 on Oct. 6, down 4.3% over a rolling seven-day window
Crypto.News
$0.07845 weekly, a 10.14% decline from a $0.08731 weekly open
Crypto.News
The three Crypto.News pieces quote PI at different levels on different dates, from about $0.0812 on Oct. 9 to $0.07856 on Oct. 8 to $0.08719 on Oct. 6, and also differ on the size of the weekly decline.
Bullish setup attached to PI
bullish setup requires a daily breakout above the $0.105-$0.11 neckline
Crypto.News
potential double-bottom depends on support holding between $0.075 and $0.080
Crypto.News
Crypto.News reports two different analyst conditions, one requiring a daily breakout above $0.105-$0.11 and another requiring support to hold between $0.075 and $0.080, and neither is presented as confirmed.
Key facts
PI traded near $0.0812 after falling roughly 10% over seven days, according to CoinGecko data.
10 %Disputed figureReported by Crypto.News
CoinGecko recorded PI at $0.08719 on Oct. 6, down 4.3% over a rolling seven-day window, with a weekly range of $0.08611 to $0.09345.
0.087 USDDisputed figureReported by Crypto.News
TradingView's OKX PI/USDT daily chart showed PI at $0.07856 on Oct. 8, down 2.96% for the session, with a daily low of $0.07713.
0.079 USDReported by Crypto.News
The weekly PI/USDT chart showed PI at $0.07845 against a weekly open of $0.08731, a decline of 10.14%, with the week's high at $0.08834.
10.14 %Disputed figureReported by Crypto.News
Daily price remained below the 20-, 50-, 100- and 200-day simple moving averages.
Reported by Crypto.News
Daily Supertrend resistance was $0.09267, the weekly Bollinger Bands midpoint was $0.10151 and the lower band was $0.06030, and MACD remained below zero.
0.093 USDReported by Crypto.News
The Pi Core Team said in an Oct. 8 update that stablecoins will support selected payments and rewards while PI stays the primary digital asset, and that no OUSD Mainnet integration date has been announced.
Reported by Crypto.News
What happened
Crypto.News reported that Pi Network's PI token fell about 10% over seven days, trading near $0.0812 on CoinGecko data, as the token lost the $0.09 area it had held early in the week. On Oct. 6 the outlet recorded PI at $0.08719, down 4.3% on a rolling seven-day basis, against daily volume of roughly $3.24 million and a market value near $980 million; by Oct. 8, TradingView's OKX PI/USDT daily chart showed $0.07856 after a session low of $0.07713, a2.96% daily drop. Technicals stayed negative across the reporting: price sat below the 20-, 50-, 100- and 200-day moving averages, Supertrend resistance stood at $0.09267, MACD was below zero, and the weekly Bollinger midpoint was $0.10151 against a lower band of $0.06030. One analyst's bullish case requires a daily breakout above a $0.105-$0.11 neckline, while a double-bottom reading depends on support holding between $0.075 and $0.080. Separately, the Pi Core Team said in an Oct. 8 update that stablecoins such as OUSD would support selected payments and rewards through a partnership with Open Standard, but PI remains the primary digital asset and no Mainnet integration date has been set. The token decline comes ahead of the Protocol 28 upgrade, with node upgrades required by Oct. 13 and the upgrade itself scheduled for Oct. 16; the desk has only this one outlet's reporting on the story.
How the story developed
- First report
First report by Crypto.News
Pi Network price slides under $0.09: Can a double bottom spark a rally?
- Update
PI falls below $0.09 with thin volume ahead of Protocol 28
Crypto.News reported PI near $0.08719 on CoinGecko, down 4.3% over seven days, with daily volume around $3.24 million and a market value near $980 million.
- Update
Protocol 28 node upgrade deadline set for Oct. 13
Crypto.News listed an Oct. 13 node deadline for the Protocol 28 upgrade scheduled for Oct. 16.
- Official statement
Pi Core Team update clarifies PI stays the primary asset as stablecoins are added
An Oct. 8 update said stablecoins could support payments, commerce and settlement where predictable prices are needed, and that PI remains the primary digital asset across network activities.
- Update
PI slides below $0.0800 as weekly chart shows a 10% decline
Crypto.News cited TradingView's OKX PI/USDT daily chart at $0.07856 on Oct. 8 with a low of $0.07713, and a weekly decline of 10.14%.
- Update
Open Standard partnership to explore OUSD rewards for Pioneers
No Mainnet integration date has been announced for OUSD.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 6 Oct 2026, 16:43 UTC: Crypto.News — 1 independent source, 1 reports
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Crypto.News Crypto media | Pi Network price slides under $0.09: Can a double bottom spark a rally? | Original | |
| Crypto.News Crypto media | Pi Network price charts sound alarm, will October get worse? | Independent | |
| Crypto.News Crypto media | Pi Network price falls 10%: Can new updates help PI recover? | Independent |
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