Pi Network Price Forecast: PI Holds $0.0774 as Futures Open Interest Tops $8M

Pi Network (PI) gained around 1% on Wednesday, extending its recovery from $0.0774 as futures market activity showed an early increase in speculative interest. Open Interest climbed to $8.05 million from $7.80 million a day earlier, suggesting that more capital is tied to outstanding derivatives positions. However, PI remains under pressure from a descending resistance trendline, while its price trades below both major daily moving averages. The $0.0774 support level remains critical: holding it could allow consolidation, but a confirmed breakdown would expose the record low near $0.0704.

PI Demand Rises as Stellar Announces Upgrade

PI’s derivatives market is showing tentative signs of renewed participation. According to the figures reported by Blockworks, futures Open Interest rose by approximately 3.2% to $8.05 million. Open Interest measures the value of outstanding futures contracts that have not been settled or closed. Its increase can indicate growing market participation, although it does not reveal whether traders are predominantly bullish or bearish.

The development coincides with news about Stellar Protocol 30, known as Bell. Announced by the Stellar Development Foundation, the upgrade proposes muxed smart-contract addresses, post-quantum signature verification for smart contracts and support for millisecond-resolution ledger timing. Stellar’s published schedule sets the testnet upgrade vote for November 3 and the mainnet vote for November 23, 2026.

However, Stellar’s announcement should not be interpreted as confirmation that Protocol 30 will be adopted by Pi Network. The two networks must be distinguished, and any direct integration or implementation by Pi would require separate confirmation. For PI traders, the immediate evidence remains the token’s market activity and technical structure.

Pi Network Price Forecast: Key Levels

PI traded near $0.0798 in the supplied market data, maintaining a narrow consolidation above the October 8 low at $0.0774. Yet the token remains below a descending resistance trendline connecting the June 20 and August 22 highs, currently near $0.0834. That barrier is the first major obstacle to a sustained recovery.

The daily chart also shows PI below its 50-day exponential moving average (EMA) at $0.0860 and its 200-day EMA at $0.1188. These averages track recent and longer-term price trends, respectively. Trading below both indicates that the broader technical structure remains weak.

Momentum offers little confirmation of a reversal. The Relative Strength Index (RSI) sits near 41, below the neutral 50 threshold. Meanwhile, the MACD remains in negative territory, although its proximity to the signal line suggests downside momentum may be easing.

Key levels to watch include:

• $0.0774: Immediate support and the October 8 low.
• $0.0834: Descending trendline resistance and the recovery trigger.
• $0.0860: 50-day EMA and the next upside hurdle.
• $0.0704: Record-low area at risk if support fails.

PI Outlook: Recovery or New Lows?

A sustained move above $0.0834 could strengthen the recovery and bring the 50-day EMA at $0.0860 into focus. However, failure to clear resistance would leave PI vulnerable to renewed selling. A daily close below $0.0774 could open the way toward $0.0704, where buyers would need to demonstrate stronger demand to stabilize prices.

Conclusion

Pi Network is showing early signs of improving participation, but the broader trend remains vulnerable. Support at $0.0774 is the immediate line to watch, while $0.0834 must be reclaimed to improve the bullish outlook. Rising Open Interest alone cannot confirm a reversal; price action and momentum must provide further evidence.