Pi Price Prediction: How Could the Announcement on May 14 Trigger a Breakthrough?

The PI of Pi Network has surged strongly by 10% at the beginning of today, moving towards the $1 mark, as people eagerly await the official launch of the project at the Consensus 2025 conference next week. This move breaks the consolidation phase and comes just ahead of the important ecosystem update that Pi Network has scheduled for the event on May 14. The launch of consensus and ecosystem updates drives interest. With over 55 million users and an ever-growing application ecosystem, the Pi Core Team has announced an important ecosystem update scheduled for May 14, coinciding with a significant speech by founder Dr. Nicolas Kokkalis. Investors and traders are currently closely monitoring the charts to predict the impact of this event on the price of Pi, especially as the project may attract venture capital, new partnerships, and public attention during this event.

The current technical setup of PI Coin shows bullish signs. The price of PI/USDT ( data from OKX ) is around $0.6196, reflecting a recent bullish spike of 10% after several days of consolidation. The Relative Strength Index (RSI) is currently at 61.57, indicating bullish momentum but still below the overbought zone (70). Just a few candles ago, the RSI surged above 80, showing recent buying pressure and the potential for accumulation. If the growth momentum continues until May 14, we may see the RSI rise sharply to overbought levels, especially if the announcement exceeds market expectations. Meanwhile, the MACD has just created a bullish crossover as the MACD line moves above the signal line.

In addition, the histogram chart is showing increasing green bars, reflecting the growth momentum. This supports the case for a potential short-term recovery, which may be triggered by the buy-the-rumor phase ahead of the event. The Fibonacci levels indicate the next price target for Pi Coin Using the latest low of 0.5713 dollars and the high of 0.6105 dollars, the Fibonacci retracement and extension levels indicate the following main targets if the price breaks above 0.6347 dollars: Fib extension 1.618: $0.6347 ( has reached ).618 Fib extension: $0.67383.618 Fib extension: $0.71304.236 Fib extension: $0.7372 These levels will act as resistance zones if the bullish momentum continues. $0.6738 may be the next stopping point if the announcement on May 14 is received positively.