In the cryptocurrency market, Pi Coin (PI) has recently captured investors’ attention with a sharp increase of 34% in the last 24 hours. The price temporarily climbed to $0.98, challenging the psychological resistance of the $1.00 threshold. This surge in price, accompanied by high trading volumes and increased buying pressure, has created excitement among the altcoin’s community. Experts suggest that upcoming announcements could further strengthen this momentum.
Market Dynamics and Support Levels of Pi Coin
Pi Coin’s 24-hour performance has presented investors with high volatility, with a critical support level identified at $0.80. Technical indicators reveal that while buyers remain strong in the short term, caution is advised against sudden profit-taking. If the price fails to surpass $1.00, trading activity might oscillate around $0.90. Additionally, the trading volume and liquidity levels on exchanges suggest that the altcoin could break through resistances with consecutive attempts.
Should the upward momentum continue, the next resistance point is around $1.40, which could signal the start of a new rally for the altcoin. Investors are protecting their portfolios with stop-loss orders and determining potential profit targets based on resistance zones.
Eyes on New Exchange Listings
Rumors circulating within the altcoin’s community suggest that a mysterious wallet has purchased 70 million PI from the OKX exchange. This has fueled expectations of a major centralized exchange listing. The wallet’s balance of 155 million PI is interpreted as preparation for a listing, reminiscent of movements observed before previous major exchange listings. An analyst named Dr. Altcoin shared that the Pi Network team plans a significant announcement on May 14, 2025, during the Consensus Summit 2025 in Toronto, where Pi’s founder, Dr. Nicolas Kokkalis, will speak. The analyst predicts this news will push Pi Coin to $1, reaching $2 by the end of August and testing the $2 to $5 range by the end of the year.
