Pi Network (PI) Price: Surges 17.5% in 24 Hours as Token Reclaims $1 Level

TLDR

Table of Contents

Pi Network (PI) price surged to $1.25 on May 14, 2025, rising 17.5% in 24 hours
The cryptocurrency has gained 86% over the past week, briefly touching $1.67
Current market cap stands at $8.9 billion with 7.1 billion PI in circulation
RSI indicates overbought conditions, potentially signaling a future correction
A major ecosystem announcement is expected on May 14 at the Consensus conference in Toronto

Pi Network’s cryptocurrency has captured market attention with its recent price performance, showing strong recovery after a period of underperformance. The digital asset is now trading well above the psychologically important $1.00 level, bringing renewed optimism to holders.

On May 14, 2025, PI traded at $1.25, marking a 17.5% increase in just 24 hours. The daily trading range saw price movement between $1.02 and $1.32.

This recent momentum puts Pi Network on track to recover losses from March. The token has gained an impressive 86% over the last seven days.

Market capitalization currently sits at approximately $8.9 billion, with a fully diluted valuation approaching $13.7 billion. The circulating supply is around 7.1 billion PI out of a total supply of 10.9 billion.

The maximum supply for Pi Network is capped at 100 billion tokens.

Technical Indicators Show Mixed Signals

Technical analysis reveals potential warning signs despite the strong price performance. The Relative Strength Index (RSI) has climbed above 70, entering overbought territory.

Historically, overbought conditions often precede market corrections as traders take profits. However, assets can sometimes remain in this zone for extended periods without declining.

The Chaikin Money Flow (CMF) indicator shows positive readings, suggesting continued capital inflow into Pi Network. This metric points to sustained buying interest that could support further price increases.

Support at the $1.00 level appears strong, with analysts suggesting this psychological price point will be critical for future performance. Maintaining this level could allow for continued upward movement.

Resistance levels to watch include $1.29, followed by $1.47 and $1.71, based on Fibonacci retracement levels and previous price action. Breaking through these barriers would require renewed momentum.

Anticipation Builds Around May 14 Announcement

Market participants are positioning themselves ahead of a major announcement from the Pi Core Team scheduled for May 14 at the Consensus conference in Toronto.

CEX Now Hold 287 Million $PI Coins – Major Movement Expected Tomorrow
Bitget leads as the largest holder with 100.6 million $PI coins, followed by other exchanges. pic.twitter.com/2MC96lqBC7
— Pi News (@PiNewsMedia) May 13, 2025

While specific details remain undisclosed, speculation ranges from an Open Mainnet launch to potential partnerships with technology firms and payment networks. Rumors of possible Google Cloud or Visa integrations have circulated within the community.

Some traders are buying in anticipation of positive news, creating the classic “buy the rumor” scenario that often precedes significant announcements in cryptocurrency markets.

However, market sentiment remains cautious. Many users still face restricted access to their tokens due to incomplete migrations and unresolved KYC issues.

Exchange data reveals centralized platforms now hold over 287 million PI coins. Bitget leads with 100.6 million PI, followed by OKX with 33.2 million. These balances raise questions about potential selling pressure if large holders decide to exit positions.

If Pi Network breaches resistance at $1.34, analysts suggest the next target could be $1.64. Conversely, increased selling could push prices back toward support levels at $0.87 or $0.78.

The current price of Pi Network remains approximately 55% below its February 2025 high of nearly $3.00, highlighting the volatility that has characterized this cryptocurrency’s trading history.

As of May 14, Pi Network continues to hold above the crucial $1.00 support level, with traders closely watching for the market’s reaction to the upcoming announcement.

Stay Ahead of the Market with Benzinga Pro!

Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders: