Pi Network enters October with a planned protocol update and a price still struggling to hold around nine cents. According to CoinGecko, on October 3, 2026, the price was approximately $0.0888, after a week of trading in a range between $0.0861 and $0.0935. The difference between moving towards $0.115 and returning to the record low of around $0.0706 depends not so much on the success of the update but on whether new buyers will remain amid increased volumes of available coins. As of October 3, 2026, the trading volume was about $5.1 million with a circulating supply of approximately 11.24 billion coins and a market capitalization of around $1 billion. Protocol 28 is scheduled for October 16, with the node update deadline on October 13. Holding the $0.10 level could open up the possibility of reaching a conditional target from $0.10 to $0.115. At the same time, losing the $0.08 level could lead to a return to the record low of around $0.07059.
Pi has 417,000 KYC cases and 497,000 wallet cases that have not resulted in completed migrations or immediate sales. The price is considered scenario levels rather than a promise to be closed by the end of the month. The main range remains between $0.08 and $0.10, which contains most trades in recent months. Confirmation of movement beyond this range requires confirmation: sustained trading and higher volume in case of growth, or failed support and constant pressure from sellers in case of a decline. October will bring two significant events for the project: the planned Protocol 28 update and a new partnership with Open Standard. The first is the date of a program event, the second is an agreement on how a stablecoin can support rewards and usage in the Pi ecosystem. Neither event indicates how many people will buy PI, how much will be spent on applications, or how much newly available stock owners will sell. This missing balance is what must be considered in the price forecast.
Pi announced a partnership with Open Standard, the company behind Open USD (OUSD). They aim to explore reward opportunities for Pioneers and broader application of OUSD in the Pi ecosystem. However, the arrangement itself does not indicate the integration of OUSD into the Pi app or a launch date. This is important as the partnership alone cannot measure demand for PI. The Protocol 28 update describes improvements in handling transaction data delays and allows developers to update smart contract groups jointly and safely modify stored application data. These changes matter to developers and the network, but the update itself does not compel traders to accept PI or users to hold tokens instead of selling them. According to official data, on September 17, Pi reported more than 417,000 people whose accounts were flagged as potential duplicates that can continue the process after additional verification, as well as 497,000 users having insufficient PI to pay fees. None of these numbers account for those who completed migration in October. This unavailable information underscores the need for a cautious approach to forecasting PI prices. In these conditions, it is important to monitor the update and application volume to make informed conclusions about demand. Thus, as of October 3, 2026, a realistic range is between $0.08 and $0.10, with successful updates and real demand potentially increasing it. A break below $0.08 amid increasing supply will lead to a return to the low history. Watch for the following events: the node update deadline on October 13 and activation on October 16, repeated closures in the $0.093 to $0.10 zone, and the $0.08 support level.
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