Pi Network and Cardano entered Oct. 8 under renewed technical pressure, with both altcoins testing key chart supports after failing to hold recently recovered levels. PI traded at $0.07856 on the OKX PI/USDT daily chart, down 2.96% for the session, while ADA changed hands near $0.2318 on Binance, down 9.28% daily and roughly 17.2% below its early-October peak of about $0.28.
For Pi Network, the decline pushed the token below $0.0800 and into the support band between $0.075 and $0.080 identified by analyst Crypto With Gopal as part of a potential double-bottom pattern. The setup places resistance at a $0.105–$0.110 neckline, with conditional targets at $0.14 and $0.21–$0.22. On the indicators, PI's daily Supertrend remained red at $0.09267, while the MACD line stayed below the signal line and its histogram registered minus 0.00098. The weekly Bollinger Bands showed a midpoint of $0.10151 and a lower band of $0.06030, leaving the next major downside reference near $0.0603 if the current support fails. Separately, Pi Network confirmed its testnet has upgraded to Protocol 28, setting Oct. 13 as the node upgrade deadline ahead of the Oct. 16 mainnet upgrade; the project also said more than 417,000 users advanced through KYC and a fix is planned for 497,000 migration claims blocked by transaction-fee balance issues.
Cardano's retreat followed a rejection at the upper boundary of its ascending parallel channel that has framed price action since June. Analyst Ali Martinez said ADA could move toward the channel's lower boundary near $0.21 if the rejection holds. The daily RSI fell to 46.02, below its moving average, and the MACD histogram flipped to minus 0.0017. On the 4-hour chart, ADA traded below its Supertrend level at $0.2540, with the Awesome Oscillator at minus 0.0103. CoinGlass liquidation heatmap data showed notable exposure bands around $0.26 and $0.283–$0.285 above price. At the same time, the Cardano Foundation announced its .ada application advanced in ICANN's New Generic Top-Level Domain Program, and a September T. Rowe Price Active Crypto ETF prospectus supplement listed ADA among eligible assets.
Both assets remain in local bearish configurations while broader recovery levels sit overhead. For PI, a move back above $0.0800 would be the first step, followed by resistance at $0.083 and $0.09267; for ADA, support around $0.2288–$0.23 must hold before any attempt to recover $0.24, $0.254, or the $0.26–$0.28 zone.
