September was highly beneficial for numerous cryptocurrencies, yet Pi Network’s PI did not follow the overall green wave and posted a 4% monthly decline.
Pioneers and investors have now shifted their focus to October, expecting a better period for the token. Here’s what three of the most popular AI-powered chatbots think will happen to the price in the next four weeks.
Don’t Expect a Bull Run?
ChatGPT said its best-case expectation is that PI will remain volatile but largely range-bound in October, probably hovering between $0.08 and $0.11. OpenAI’s platform noted that the asset currently trades near $0.09 with weak momentum and relatively low trading volume compared with its roughly $1 billion market cap.
The chatbot suggested that the first important resistance sits around $0.095-$0.10, predicting that a convincing breakout above (supported by stronger volume) could open the door toward $0.12-$0.14.
It highlighted one potential catalyst that could support an uptrend. Namely, this is Protocol 28, which the Core Team is expected to deploy by October 13. The project has made serious progress on that front and recently confirmed the successful completion of the Protocol 27 upgrade on the Mainnet. Speaking of version 28, the team said:
“Protocol 28 improves how the network handles delays in transaction data and enables developers to upgrade groups of smart contracts at once and change stored data more safely as their applications develop.”
In contrast to its bullish thesis, ChatGPT said PI’s biggest problem remains supply. It noted that a huge amount of tokens are yet to be unlocked, which could increase selling pressure and may result in a further price drop.
Google’s Gemini forecasted that the asset is most likely to trade between $0.09 and $0.13 throughout October. It said the price may push even higher, but only if Pi Network’s team resolves the ongoing KYC verification issues and other user-related concerns.
A Slide Remains Highly Possible
Perplexity was more bearish than the chatbots mentioned above, saying that PI’s response to previous upgrades and its persistent downtrend make a further plunge below $0.07 a “very real possibility.”
At the same time, it labeled $0.10 as the key confirmation level, speculating that a move above could extend to $0.11-$0.12. “The $0.10 mark matters because analysts identify it as both a psychological barrier and technical resistance; a sustained move through it would be the first meaningful sign that the downtrend is changing,” it added.
Unfortunately for the bulls, $0.12 is the highest target Perplexity set for the next four weeks.
Source: CryptoPotato
