Pi Coin Breaks Resistance and Targets $1 Level
The price of Pi Coin has recently managed to break through a key resistance zone located between $0.66 and $0.67. This breakthrough was accompanied by a significant volume of transactions, indicating growing buyer interest.
With a Relative Strength Index (RSI) currently at 56.68 on the daily and 86 on the 4-hour chart, the bullish momentum continues to intensify. If the price manages to stay above this resistance, it could target the next at $0.89 or the area between $0.90 and $1.00 in the short term.
Indeed, as mentioned in a previous article, Pi broke its uptrend line and then proceeded to liquidate shorts. However, now in a liquidity zone and with an overbought RSI, caution is advised. Confirmation of the breakout of this zone or a retest on the 50-day Moving Average at $0.68 or the 20-day MA at $0.62 will be necessary.
Unlocking 9 Million Tokens : a Risk for the Rally ?
According to analysts, the circulation of Pi Coin has suddenly increased by 5 billion tokens – jumping from 7 to 12 billion. This dramatic rise could be linked to the preparation for listing on major platforms such as Binance, BitMart, or HTX.
Interestingly, this additional supply appeared and disappeared within an hour, suggesting a successful liquidity test. This indicates that the Pi network is gearing up for the official arrival of its tokens on exchanges.
However, Pi Scan reports that 9.3 million Pi tokens will be unlocked today. This massive influx of liquidity could put short-term downward pressure on the price.
Major Announcement Expected on May 14
On May 14, 2025, the Pi network is set to make a significant announcement at the Consensus Summit in Toronto. This date coincides with the founder, Dr. Nicolas Kokkalis, as a guest speaker. Analysts anticipate updates on new applications, real-world use cases, and future plans for the Pi ecosystem.
While no official announcement has been made, blockchain activities also suggest that Pi Coin could soon be listed on Binance. A wallet linked to Binance recently processed over 294,000 test transactions with Pi tokens, an activity that typically precedes the addition of a new asset.
Furthermore, with Pi’s blockchain being similar to Stellar (XLM), already listed on Binance, a technical listing would be facilitated.
In conclusion, Pi Coin is currently displaying impressive bullish momentum, fueled by a resistance breakthrough, rumors of listing on Binance, and the upcoming announcement on May 14. However, the unlocking of 9 million tokens could exert short-term pressure on prices. Investors and crypto market observers will closely monitor Pi Coin’s progress this year, with high expectations for its adoption and potential valuation.
For those looking to buy the token, here is a simple guide to purchase it today:
- Create a Bitget account
Sign up on bitget.com with your email or phone, validate the sent code, and activate 2FA to secure your account. - Verify your identity (KYC)
Submit an ID to complete the KYC verification, necessary for trading. - Add funds
Deposit cryptos (USDT, BTC) or fiat via a credit card (Visa, Mastercard) or bank transfer in “Deposit”. - Access the market
Go to “Spot Market”, search for “PI”, and select the PI/USDT pair. - Make the purchase
Choose a market order (immediate purchase) or a limit order (set price), indicate the quantity, and confirm.
