Pi Network Rally Builds Momentum Ahead of Key Announcement
Pi Network (PI) is gaining attention with a recent surge to $0.75, marking double-digit gains. However, resistance at $0.80 and overbought RSI levels (85.78) suggest a short-term pullback may occur.
The rally is partly fueled by broader market optimism and speculation around a major Pi Network announcement on May 14. The update, teased by the Pi Core Team, follows ecosystem improvements including expanded Mainnet wallet access for KYC-approved users.
Technical indicators like the SuperTrend buy signal and break above key EMAs support the bullish trend. Still, if profit-taking sets in, support levels at $0.68 and $0.62 could be tested.
With growing momentum and a critical update on the horizon, Pi may be gearing up for a breakout—if it can push past that key $0.80 level.