Pi Coin has taken the crypto market by surprise with a sharp rise of over 61%, now trading at $1.24 at the time of writing. While most of the top cryptocurrencies stayed quiet or posted decent gains of around 2-3% over the weekend, Pi Coin defied the trend and made an impressive move up to the 16th spot on the crypto rankings.
This sudden jump comes just a little over a month after Pi Coin hit an all-time low of $0.40, weighed down by market uncertainty and token unlock events. Since then, the coin has bounced back strongly.
What’s Next For Pi Coin Price?
Looking at the monthly chart, the price has recovered well from its previous dip around $0.40, which was the lowest point since its earlier all-time high above $3. The formation of a bullish hammer candlestick pattern on the chart now hints that the long-running downtrend might be coming to an end.
With Pi’s price returning to its monthly trading range, analysts are setting their sights on higher targets. The next possible price levels being discussed are around $2.30, $2.40, and potentially even $3, depending on how much momentum the market can build in the coming weeks. In the short-term, Pi Coin is trying to break above the $1.50 level.
Big Announcement on May 14?
Adding to the excitement is the upcoming Consensus Summit, set to begin on May 14. The Pi Network community is eagerly waiting for some major updates, especially with Pi Network co-founder Dr. Nicolas Kokkalis scheduled to speak at the event.
Rumors are swirling about announcements, including the launch of new decentralized apps (DApps), the long-awaited listing of Pi on major crypto exchanges like BitMart, HTX, or maybe even Binance, and a full roadmap for the official launch of Pi’s mainnet.
With excitement building and prices on the rise, all eyes are now on Pi Network to see what surprises it might reveal next.
