New Pi Upgrade Mirrors Stellar: Will Pi Coin Reach $1?

Blockonomics
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Pi Network’s crucial Protocol 28 upgrade is coming this week. The network’s node validators have about three days to prepare for this highly-anticipated mainnet upgrade, including some new features & enhancements.

The update improves transaction-data handling and lets developers upgrade groups of smart contracts together. Pioneers wanting to become validator nodes must download the new version of the PC app & install the blockchain component.

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Protocol 28 focuses on better handling of delayed transaction data, batch smart-contract upgrades, safer stored data changes & more. That’s matching Pi Network’s official timeline with node operator deadline on October 13 and mainnet rollout on October 16.

Why The Timing’s Perfect For Pi Chain Protocol Upgrade

This node version is dual, reachable via the node interface and the desktop Pi App interface. Depending on the levels of participation, Pioneers can use the two interfaces according to the network’s rules. It’s yet to be seen if this brings fresh demand on Pi’s native coin. With the trading volumes sliding below $100 million, a smooth adoption would likely boost Pi’s activity.

The mobile-mining altcoin’s price dipped from the $3 all-time peak back in March 2025 to roughly $0.079 now, attempting to restore the $0.08 resistance line ahead of the crucial upgrade. On the other hand, the Pi coin price charts suggest no bullish back-up until the mid-tier Bollinger Band (BOLL) of $0.116 is revisited. Then, $0.189 is the next check-points towards $1.

On-Chain Momentum Indicators Flash Bearish Advantage

Last time Pi coin price was priced above $1 was May 14, 2025, with strong big-time investor back support. Crypto currency whales have pushed the Chaikin Money Flow (CMF) to 0.21, showcasing ultra-strong buying momentum. That level hasn’t printed since – that’s why Pi coin’s rallies this year were capped at the $0.29 range. Pi’s also trading below the SuperTrend line.

The $0.1569 range, marked in green color, depicts a confluent resistance level that could be flipped into support before the $0.189 line gets in action. Other key moving averages, including the Double EMA, Smoothed Moving Average (SMA) & the Exponential Moving Average (EMA) were all floating above the current price of Pi’s native coin.

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