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Pi Network price bounces above $0.08 but faces resistance near $0.10 after stalled September rally

Technical Signals
16 Oct 2026
Crypto news
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Neutral
Pi Network price bounces above $0.08 but faces resistance near $0.10 after stalled September rally

Pi Network's price rebounded to $0.08137 on October 16 after falling back from a stalled recovery near $0.10 in September. The token is testing a support zone around $0.07–$0.08, with a potential triple bottom pattern suggesting a breakout above $0.11 could lead to gains toward $0.16. However, daily selling pressure remains, and the price must first clear resistance near $0.085 and then surpass the September highs to confirm a sustained recovery. Weekly momentum shows some improvement, but overall the price remains under pressure, making it crucial for buyers to hold gains above current support levels.

Pi Network's recent price action is noted alongside Pluang's market breadth where 41 of 50 major cryptocurrencies rose on October 16, 2026. Among notable movers, YFI (Yearn) gained 5.06% to Rp42.049.247 with a typical hold time of 93 days and 100% buy order activity, while KSM (Kusama) increased 4.80% to Rp82.209 with 80 days hold and full buy orders. ENJ (Enjin Coin) rose 4.78% to Rp538 despite 80% sell order activity. This snapshot is as of October 16, 2026, 22:02 WIB.

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