Pi Network Token Predictions: A Mixed Outlook for October
Pi Network's token, PI, did not follow the trend of other cryptocurrencies in September and declined by 4% for the month.
Investors are now looking ahead to October, expecting a better performance from the token. Three AI-powered chatbots have shared their predictions for Pi Network's price in the next four weeks.
ChatGPT, one of the chatbots, expects PI to remain volatile but largely range-bound in October, trading between $0.08 and $0.11. It notes that the token is currently trading near $0.09 with weak momentum and relatively low trading volume compared to its market cap.
The first important resistance for PI sits around $0.095-$0.10, according to ChatGPT. A convincing breakout above this level, supported by stronger volume, could open the door towards $0.12-$0.14.
ChatGPT also highlights Protocol 28 as a potential catalyst that could support an uptrend in PI's price. The Core Team is expected to deploy Protocol 28 on October 13, which will improve how the network handles delays in transaction data and enable developers to upgrade groups of smart contracts at once.