In the last 24 hours, Pi Coin jumped over 3%, riding the waves along with Bitcoin, with the $102,000 mark and Ethereum bringing strong profits. It’s been a big day for crypto traders as Altcoins such as Solana, Ethereum and XRP are also surged.
PI Coin Breaking Resistance, Eye Breaking $1 Target
The Pi Coin price was able to surpass the main resistance zone, ranging from $0.66 to $0.67. This breakout has come with a strong volume of trading with signs of buyers intervening.
The Relative Strength Index (RSI) is currently 56.68, indicating bullish momentum. If prices exceed this resistance, they could be targeted between $0.85 and $1.00 in the short term.
However, if the breakout fails, the price could be consolidated within its current range before making another move.
Token Unlock Sparks Concerns
According to analyst Dr. Altcoin, Pi Coin’s distribution supply suddenly jumped at 5 billion tokens (from 7 billion to 12 billion to 12 billion). However, the supply available for crypto exchanges remained the same.
This sudden increase could have probably come from the 5 billion PI liquidity pool, in preparation for the main exchange list. And when Dr. Altcoin says major, he means Binance, Bitmart, and HTX.
Interestingly, the extra supply appeared and disappeared within an hour, hinting at a successful stress test. This suggests that the PI network is testing liquidity before the tokens are officially published on the exchange.
Dr. Altcoin said the price could remain at $1 until May 14th. Once the announcement comes into hype, the PI could rise to $2 by the end of August. From there until the end of 2025, you can trade between $2 to $5, depending on the ecosystem development and the market response.
However, PI scans show that 9.3 million PI tokens are unlocked today, which could put pressure on prices.
Big announcement scheduled for May 14th
In addition to the excitement, the PI Network team confirmed the major ecosystem announcement on May 14, 2025. This date coincides with the Consensus Summit 2025 in Toronto, where PI founder Dr. Nicholas Coccaris becomes a hot topic speaker.
The announcement of the PI ecosystem will be released on May 14th. pic.twitter.com/5jn7m5mlmd
-PI Network (@picoleteam) May 7, 2025
Analysts believe this could bring updates on new apps, real-world use cases, and future plans for the PI ecosystem.
Can Binance list PIs immediately?
There is also speculation that Binance could soon list PI networks. There hasn’t been an official announcement yet, but blockchain activity hints at behind-the-scenes testing.
Recently, a Binance Link Wallet has been processed using PI tokens to process over 294,000 test transactions. This type of activity usually indicates the preparation of a new token list.
Interestingly, the blockchain for PI networks is built similarly to Stellar (XLM), a cryptocurrency already listed on Binance.
