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Pi Network’s price action has been on an impressive run, with the token trading at $0.75 as of Friday after two straight days of double-digit gains. However, the rally appears to be facing resistance near the $0.80 mark, and technical indicators now suggest a potential pullback due to overbought conditions.
The upward momentum comes amid a broader market rally, partly fueled by a limited trade deal between the US and UK, which sparked a risk-on sentiment across the crypto market. But what’s really catching attention is a tease from the Pi Network team—they’ve hinted at a major announcement set for May 14, fueling speculation and excitement among investors.
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Ecosystem News Sparks Buzz
On Thursday, the Pi Core Team released a significant update to its ecosystem, prompting rumors of a possible Binance listing. The update expands access to the Mainnet wallet, now allowing confirmed users (with full or provisional KYC status) to activate wallets using the Pi Wallet app.
In a May 2 blog post, the team detailed how new users who pass KYC requirements can also create Mainnet wallets through third-party services, further boosting user inclusivity and paving the way for global adoption. This move comes ahead of the much-anticipated Open Network launch.

Price Action and Technical Outlook
Despite brief selling pressure near $0.77, Pi has shown resilience and is currently trading over 16% higher on the day. A SuperTrend buy signal, activated on April 30, has supported this uptrend. The indicator flipped from red to green after dropping below the price, prompting bullish sentiment among traders.
The breakout above a declining trendline resistance also contributed to the positive momentum, as did the token’s movement above key technical levels—the 50, 100, and 200-period EMAs on the 4-hour chart.
Still, the Relative Strength Index (RSI) is flashing a warning. At 85.78, the RSI indicates overbought conditions, suggesting that profit-taking may soon set in. If the RSI drops below 70, it could confirm a trend reversal, triggering a sell-off.
In that case, traders should watch for potential support at the 200 EMA ($0.68) and a confluence area around $0.62, where the 50 and 100 EMAs align. These zones could act as buffers against further downside pressure.

All Eyes on May 14
While the price stalls below the key $0.80 resistance, dismissing the possibility of a breakout could be premature. The Pi Core Team’s upcoming announcement on May 14 may be a catalyst for another leg up—potentially pushing Pi above the current ceiling and toward new highs.
With momentum building and speculation swirling, Pi Network is undoubtedly one to watch in the coming days
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Though resistance beneath $0.80 seems to be stopping the advance, Pi Network's recent price movement gives many buy signs.

The Pi Network crew teases a significant revelation on May 14 to generate coin trading interest and conjecture.

Together with resistance below $0.80, overbought circumstances indicate a possible trend correction before the weekend.

At $0.75 at the time of writing on Friday following a second consecutive day of double-digit improvements, Pi Network (PI) pricing extends gains. A broad-based optimistic momentum as risk-on attitude soared after a limited bilateral trade deal between the United States (US) and the United Kingdom may help to explain the tailwind on PI. Still, aside from the general bullish market atmosphere, the Pi team hinted to a major announcement on May 14, which would generate buzz and conjecture among consumers.

Pi Network's rise pauses sometimes

Thursday's important ecosystem announcement by the Pi Network Core team sparked conjecture about, among other things, a listing on Binance, the biggest exchange by trading volume.

The announcement follows a significant improvement on the platform that maintains tight security criteria but makes the mainnet ecosystem more accessible to consumers. Before the migration ends, confirmed pioneers—including those with full or provisional know-your-customer (KYC) approval—can activate Mainnet wallets using the Pi Wallet software according to a blog post dated May 2.

After meeting predefined KYC standards, the new capabilities enable non-users immediately create Mainnet wallets via third-party services, therefore joining the ecosystem. With this version, Pi Network hopes to increase inclusiveness and hasten worldwide acceptance before the Open Network introduction.

Pi Network upswing poised to keep on

Following selling pressure at $0.77, Pi Network's surge pauses momentarily before working to close the difference at $0.80. Right now, the token moves at $0.75 and increases more than 16% on the day of writing.

A purchase signal from the SuperTrend indicator has helped its advance to be sustained since April 30. When the trend-following indicator slips below the price and changes its color from red to green, such a signal is verified.

This motivated traders to position themselves ahead of a possible breakout, which acquired momentum as price broke above the declining trendline resistance as the 4-hour chart below shows.

Signing strong positive momentum, Pi Network's uptrend moved over the 50-, 100-, and 200-period Exponential Moving Averages (EMAs). But very overbought circumstances shown by the Relative Strength Index (RSI) indicator at 85.78 contradict the uptrend and suggest rising profit-taking opportunities.

Under diminishing trader interest and confidence, a reversal of the RSI indicator into the neutral zone below 70 would provide a clear sell signal. Key support levels likely to absorb the selling pressure should be the 200 EMA at $0.68 and the confluence region at $0.62, which corresponds with the 50 EMA and the 100 EMA. Should a loss occurr.

Thus, discounting a larger-than-expected surge over $0.80 might be foolish in the next days, particularly given the Pi Core team's hints of a significant ecosystem disclosure for May 14.

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The goal of reaching $1 is back in the spotlight 🌟
A wallet that's 2 months old and connected to a major exchange has shown new activity 📈, which is suggesting that the Pi Network (PI) could be listed soon! 📋

When activity from a wallet linked to a big exchange shows up, the yet - to - be - met demand on the exchange might boost the Pi Coin price forecast 📊.

On early Thursday trading, PI shot up by 15% 📈, landing it at the top of the "best crypto to buy" list 🥇. But since then, the momentum has cooled down a bit 📉.

After a hawkish - but - uncertain FOMC meeting 📢 and with an expected US - UK trade accord on the horizon 🤝, the market headwinds are easing, and PI seems ready to expand 🌱.

Moon Jeff, a well - known crypto researcher 👨‍💻, revealed that the Pi mainnet has a significant Stellar deposit wallet linked to an exchange 🔗.

Traders think these are signs that a listing is coming 🚪, even though neither the main exchange nor the Pi Network core team has made any announcements 🤐.

After its initial surge when the mainnet launched, Pi Coin might need a listing on a major exchange to break out of its downward trend 📉→📈.

Since its mid - April breakout, Pi Coin has had a hard time climbing 🏔️. It's currently 65% below the $1 target of its pattern 🎯.

This stagnation is mainly due to inflation 💰. Even though buyers are in control, the MACD line is moving sideways above the signal line 📊.

According to PiScan data 📊, supply is outpacing demand, with $151 million worth of tokens set to be unlocked in the next 30 days ⏳.

The RSI has climbed from the oversold level of 30 to 47 📈, which might indicate a change in momentum as it gets closer to the neutral level of 50 ⚖️.

The Pi Coin's ecosystem launch on May 14 📅 and its demonstration at Consensus 2025 🎉 could be very important. These events might showcase the Pi Network's ecosystem 🌐, changing its image from an inflating, speculative asset with limited use cases 📉 to something more valuable and practical 🌟.

With all these factors stacking up 📚, Pi Coin might break the $1 mark 💥 and approach the resistance levels of $1.40 and $1.70 💰!

⚠️Disclaimer⚠️

The content of the article above is for informational and entertainment purposes only 📚🎭! It is not financial advice, investment advice, or a solicitation to buy or sell any cryptocurrency 💰🚫. The cryptocurrency market is highly volatile and risky 📊⚡. Prices of Pi Coin and other cryptocurrencies can fluctuate wildly due to various factors such as market sentiment, regulatory changes, technological developments, and macro - economic conditions 🌍💥.

Past performance of Pi Coin or any other cryptocurrency is not indicative of future results 📉📈. Predictions about the price and potential listing of Pi Coin are speculative in nature 🤔🔮, and there is no guarantee that any of the scenarios mentioned in the article will actually occur 🤷‍♂️❌.

Before making any investment decisions related to Pi Coin or other cryptocurrencies, you should do your own thorough research, consult a qualified financial advisor 👨‍💼📋, and carefully consider your own financial situation, investment goals, and risk tolerance 💰🎯.

The author and the publisher of this article are not responsible for any losses or damages that you may incur as a result of relying on the information in this article 💔🚫. Use the information at your own risk! 💪⚠️

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The Pi Network, once hailed as a revolutionary mobile-first cryptocurrency, is increasingly being criticized as a well-orchestrated digital illusion. While it attracted millions with the promise of “mining” Pi coins through a simple smartphone app, the project’s opaque practices and stalled progress now raise serious concerns about its legitimacy.
The KYC Bottleneck: A Convenient Delay
At the heart of the controversy is the Know Your Customer (KYC) process. Despite years of operation, a significant portion of early adopters—“Pioneers” with large Pi balances—remain stuck in KYC limbo. This deliberate stalling conveniently prevents these users from accessing or liquidating their holdings, all while new tokens are quietly introduced into the ecosystem. This controlled restriction on supply keeps demand artificially high, benefiting those behind the scenes who can sell at will.
Where Are the Tokenomics?
Unlike legitimate projects that offer clear tokenomics and transparent circulation data, Pi Network operates in a cloud of secrecy. Nobody knows the real circulating supply, nor the schedule of token releases. The so-called “Mainnet” has launched, but it’s largely a hollow construct with no meaningful utilities, decentralized applications, or economic activity. It exists more as a marketing narrative than a functioning blockchain.
A Layer 1 Memecoin—But Worse
If one were to compare Pi Network to a memecoin like Dogecoin, the latter ironically comes out ahead. Despite its meme origins, Dogecoin is decentralized, fully tradable, and backed by an active community. Pi, on the other hand, is essentially a gamified experience masquerading as a cryptocurrency. It lacks real decentralization, a free market for its token, or any viable on-chain economy.
Conclusion: A Cautionary Tale
Pi Network increasingly looks like a cautionary example of how hype, vague promises, and lack of transparency can sustain a pseudo-crypto ecosystem far longer than it should. Until the team offers full transparency on tokenomics, enables unrestricted KYC for all users, and delivers real-world utility beyond speculative promises, it remains more of a social experiment—or worse, a cleverly disguised centralized scam—than a legitimate crypto project.
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