Pi Network Smashes Through $1 Barrier With 35% Single-Day Rally—Finally Rewards Patient Holders
After years of sideways movement that had skeptics calling it ’digital wallpaper,’ Pi Network’s native token erupts past the psychological $1 mark.
The 35% surge comes as the project—once dismissed as a mobile-mining gimmick—starts listing on tier-2 exchanges. Traders who endured the accumulation phase now face the ultimate crypto dilemma: take profits or gamble on Mainnet delivery?
Funny how these ’community-driven’ projects always moon just when early team wallets start unlocking.
Pi Network price analysis. Credit: crypto.news
The relative strength index is at 85, suggesting overbought conditions, but in a strong trend, assets can remain overbought for extended periods. The moving average convergence/divergence is in bullish territory, reinforcing the strength of the move.
If buyers continue to dominate and price consolidates above $1.20, the next target could be psychological resistance at $1.50, followed by a retest of the $2 zone. Momentum and volume currently favor this outcome.
A short-term pullback is possible given the overbought RSI. If Pi drops below the $1.12 support, it may revisit the $0.85–$0.90 range. However, the uptrend remains intact unless it breaks below $0.75 with volume.
The rally appears to be driven by a combination of ecosystem developments and market speculation. On May 14, the Pi Network team is expected to announce a major update, which has sparked Optimism across the community. The timing also aligns with the upcoming Consensus 2025 Summit, where Pi’s founder is scheduled to speak.
In the lead-up to the event, traders and large entities have been accumulating PI, including platforms like BANXA. There are also rumors of a possible Binance listing, following a community vote where 86% supported the move. While unconfirmed, this has added fuel to the rally.
According to crypto analyst Dr. Altcoin, the current price action may only be the beginning. In an April 27 post on X, he noted that Pi’s rally might gain real momentum during the Consensus 2025 Summit, rather than in late August when token unlock pressure is expected to ease.
