Pi Network Price Analysis: Pi Price to Hit $2 Soon?

The post Pi Network Price Analysis: Pi Price to Hit $2 Soon? appeared first on Coinpedia Fintech News

As the Consensus Summit kicks off today, i.e., on May 14, eyes are all on the Pi Network. The excitement comes from the scheduled appearance of co-founder Dr. Nicolas Kokkalis, who is expected to announce important updates about Pi’s ecosystem.

Speculations are running high about announcements related to the launch of new DApps, long-awaited listing on exchange platforms like BitMart, HTX, or even Binance, and potentially a detailed roadmap for Pi’s mainnet launch. Consequently, the hunt for Pi coin price analysis is growing louder.

Pi Coin Price Analysis: Is the $2 Mark Next?

Pi price has impressed the crypto space with a 103.12% gain over the past week, rising from under $0.70 to a high of $1.34. In the past 24 hours alone, the altcoin spiked 5.89%, to a high of $1.34 before retracing to current levels around $1.17.

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The 4-hour chart shows a sharp breakout rally that spiked at a key resistance level of $1.40. Despite failing to breach this resistance, the price has found support around $1.09–$1.10. The 9-D Simple Moving Average, currently at $1.1678, has been acting as dynamic support.

Based on the current trends, the potential low for PI could rest around $1.05 if selling pressure increases. The average trading range is between $1.15 and $1.25. If the bullish momentum resumes, especially catalysed by positive news from the Consensus Summit, the price is likely to retest $1.40 and could push toward the $2 mark.