Pi Network is currently down by more than 28% and trading at $0.84. However, the price recently rose to a high of $1.56, before hitting a reverse. Despite the current bearish trend, technical indicators still paint a bullish picture for Pi Network’s price action.
The token has recently broken above its 50-day moving average.It also surged past its Bollinger Bands, a signal that typically points to increased volatility and strong upward momentum. Despite falling from its earlier high of over $3, the token is steadily regaining ground.
On platforms like CoinGecko, Pi Network’s 7-day price performance had climbed an impressive 151%. However, Pi Network is set to unlock 275 million tokens in the next 30 days. On May 15, 12.8 million tokens will be unlocking.
Today was a big day for the Pi Network community as the project’s CEO spoke at the Consensus Forum in Canada. For weeks, Pioneers had been looking forward to this event, hoping for big news — especially a major exchange listing. While a listing on top exchanges like Binance didn’t happen, the event still brought some important updates that could help shape the future of the Pi Network.
The CEO stressed during the Consensus presentation that Pi Ventures isn’t just about financial investment — it’s about providing startups with direct access to Pi’s sizable user base. With over 19 million users already KYC-verified and active across 200 countries, any startup partnered with Pi Ventures gains immediate exposure to a global, verified audience.
This user base advantage, combined with financial backing, gives these startups a competitive edge, fostering a feedback loop of adoption and innovation within the Pi ecosystem.
Looking ahead, Pi enthusiasts are hoping these strategic moves will eventually open doors for major exchange listings. While that milestone wasn’t reached today, the foundation seems focused on building the infrastructure and utility required for Pi to command serious attention in the broader crypto market.
