Overview
- On Thursday PI slipped under $0.08 to roughly $0.078–$0.082 while futures open interest dropped about 14%, signaling weaker derivatives participation.
- Technical indicators are bearish with price below the 23.6% Fibonacci level at $0.0827, MACD in negative territory, and immediate structural support at $0.0801 that, if lost, exposes $0.0704 and a weekly lower reference near $0.0603.
- Pi Network confirmed its testnet upgrade to Protocol 28, which improves handling of delayed transaction data and allows safer updates to smart contracts and stored app data.
- The project reported that September verification changes let roughly 417,000 previously flagged users resume KYC and announced a planned fix for about 497,000 migration claims that were blocked by insufficient balances.
- Analysts say a sustained recovery would require reclaiming a $0.105–$0.110 neckline for a confirmed double‑bottom while failing to hold current support could prompt more selling if newly unlocked or migrated tokens hit exchanges and add sell pressure.