Pi Network needs a 63.4% gain for the $0.15 target

What happened

Pi Network price rose roughly 1.5% to $0.0918 on Wednesday, CoinGape reported, as attention shifted toward the network's planned October Mainnet upgrade. The project completed Protocol 27 on Mainnet and activated Protocol 28 on Testnet, according to its announcement. Node operators must install version 28 by October 13 before the scheduled October 16 Mainnet activation.

Verification updates also moved. Pi Network says more than 417,000 accounts can resume verification after reviews cleared earlier flags suggesting possible duplicates. Those users must still satisfy remaining checks before completing KYC and Mainnet migration. A separate fix targets 497,000 Fast-Track wallets blocked from claiming migrated balances because of insufficient gas funds. Futures open interest rose to $10.57 million from $10.05 million, according to CoinAnk data.

Regulatory items appeared in the same period. Illinois agreed to delay a 0.2% tax on crypto buys, sales, and transfers, including trades with no profit, until 1 July 2027, subject to court approval. The Latvian central bank granted a MiCA crypto license to a UK-backed firm.

Why it matters

CoinGape's price analysis put the $0.15 target about 63.4% above $0.0918. The 50-day exponential moving average sits at 0.0917 and is described as a major short-term breakout point. A firm close above that level could bring $0.0990 and $0.1002 into focus, with resistance near the 200-day average at $0.1235 before the proposed $0.15 target.

CoinGape said the possible benefit from the infrastructure changes depends on adoption and demand, rather than the upgrade date alone. A failed breakout could expose support at $0.0827, followed by $0.0801 and the record low of $0.0704.

Sector rules are still shifting. Bitwise CIO Matt Hougan said crypto rallied after the CLARITY Act failed because the industry "sacrificed long-term certainty and got better rules, faster," as the SEC and CFTC moved ahead of the bill.

What the data shows

Pi Network price: $0.0918, a roughly 1.5% rise. Gap to the $0.15 target: about 63.4%. Futures open interest: $10.57 million, up from $10.05 million. Wider crypto market: $2.92 trillion, up 0.89%. Bitcoin: near $85,000. Ethereum: around $2,700.

Accounts cleared to resume verification: more than 417,000. Fast-Track wallets covered by a fix: 497,000. Illinois crypto tax delay: 0.2%, until 1 July 2027.

What is still unclear

• The reports do not state a price outcome for the October 16 upgrade. CoinGape said the possible benefit depends on adoption and demand, rather than the upgrade date alone.
• The 417,000 accounts cleared to resume verification still face remaining checks before completing KYC and Mainnet migration.
• The Illinois tax delay is subject to court approval, and the report does not state when a ruling might come.

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