Pi Coin Price Inches Closer To $1 Levels, Will 9 Million Token Unlock Today Disrupt the Rally?
In the last 24 hours, the PI coin jumped more than 3%, riding the wave along with the Bitcoin's reclaiming $ 102,000 Mark and Ethereum leading with strong gains. Altcoins like Solana, Ethereum and XRP also reduce, making it a big day for crypto entrepreneurs.
Pi Coin destroys resistance, target of eyes of $ 1
The price of the PI coin has managed to break above a major immunity between $ 0.66 and $ 0.67. This breakout comes with a strong trading volume, a sign that consumers will enter.
Kamag -child Index Index (RSI) is currently at 56.68, showing the growing bullish momentum. If the price stays above this resistance, it can be targeted between $ 0.85 and $ 1.00 in a short time.
However, if the breakout fails, the price can be combined with the current range before making another move.
Token unlock sparks gives concerns
According to analyst Dr Altcoin, the switch -shifting Pi Coin's supply suddenly jumped 5 billion tokens – from 7 billion to 12 billion – earlier today. However, the supply available in crypto exchanges has not changed.
This sudden increase is likely to come from a 5 billion PI Liquidity pool, perhaps to prepare for a basic exchange list. And when Dr Altcoin tells Major, he means Binance, Bitmart, and HTX.
Suddenly, excess supply arises and disappears within an hour, indicating a successful stress test. This indicates that the PI network tests its liquidity before the tokens officially survived the exchanges.
Dr Altcoin said the price could stay around $ 1 to May 14. If the announcement lives up to the hype, PI can rise to $ 2 by the end of August. From there to the end of 2025, it can trade anywhere between $ 2 and $ 5, depending on how the ecosystem develops and how the market responds.
However, according to PI scan, 9.3 million PI tokens are opening today, which can add price pressure.
Large announcement scheduled for May 14
Adding to the excitement, the PI network team confirmed a major announcement of the ecosystem for May 14, 2025. This date coincides with the Consensus Summit 2025 in Toronto, where PI founder Dr. Nicolas Kokkalis will be a feature speaker.
Analysts believe it can bring updates about new apps, real-world use cases, and future plans for PI ecosystem.
Can Binance list PI as soon as possible?
There is also a speculation that Binance can list the PI network as soon as possible. While there is no official announcement, blockchain activities indicate the trials behind the scenes.
A Binance associated with the purse recently processed more than 294,000 test transactions with PI tokens. This type of activity usually suggests preparations for a new token list.
Notably, the PI network's blockchain is built similar to Stellar (XLM) – a cryptocurrency listed in Binance – making a list easier.
