As the Consensus summit begins today, on May 14th, all eyes are on Pi Network. The excitement comes from the scheduled appearance of co-founder Dr. Nicolas Kokkalis, who is expected to announce important updates about the Pi ecosystem.
Speculation is rising regarding announcements related to the launch of a new DApp, a long-awaited listing on trading platforms such as BitMart, HTX, or even Binance, and potentially a detailed roadmap for the mainnet launch of Pi. Therefore, the hunt for Pi coin price analysis is becoming more significant.
Pi Coin price analysis: Is the $2 mark the next milestone?
The price of Pi has impressed the cryptocurrency space with a 103.12% increase over the past week, rising from below $0.70 to a high of $1.34. In just the past 24 hours, this altcoin surged by 5.89%, reaching a high of $1.34 before returning to the current level of around $1.17.
The 4-hour chart shows a strong breakout surge, peaking at the critical resistance level of $1.40. Although it did not surpass this resistance level, the price found support around $1.09–$1.10. The 9-day simple moving average, currently at $1.1678, has acted as dynamic support.
Based on current trends, the potential low for Pi could be around $1.05 if selling pressure increases. The average trading range is between $1.15 and $1.25. If the bullish momentum continues, especially driven by positive news from the Consensus summit, the price is likely to retest the $1.40 level and may rise to $2.
