The Pi Coin is experiencing an impressive uptrend, supported by increasingly favourable technical momentum. However, with a massive release of 9 million tokens on the horizon, will the rally be disrupted? Stay tuned for updates on the latest developments and the future trajectory of this rapidly growing cryptocurrency.
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.
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.
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:
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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