Pi Coin Price Surges Over 14% in 24 Hours—How Close Is It to the $1 Milestone?

As of May 9, Pi Coin surged to an intraday high of $0.78 before facing resistance, while technical indicators suggest more volatility ahead.

This price move marks a continued uptrend for the Pi cryptocurrency, which has gained more than 23% in the past week. The rally is fueled by bullish technical patterns, rising market interest, and significant whale accumulation, signaling mounting investor confidence in the Pi Network market.

Technical Indicators Point to Bullish Setup

Pi Coin price broke through key micro-resistance at $0.65 during early trading hours on May 8. A golden cross on the MACD and persistent overbought signals on the RSI fueled a breakout, pushing the Pi Network Coin value to $0.78—a level now acting as stiff resistance.

The XRP price has broken the dynamic resistance of the 200-MA on the 4-hour timeframe chart. Source: Ssmog369 on TradingView

After peaking, the price entered a consolidation phase, ranging between support at $0.70 and resistance at $0.78. Analysts believe a breakout above this range could trigger a sharp upward move. “If bullish momentum sustains, Pi could cross $0.80 and test $0.95 or even $1.00 in the coming days,” said one technical analyst.

Similar to Pepe Coin’s recent 70% surge, Pi is also forming a symmetrical triangle pattern on the daily chart—a formation known for explosive breakouts. The triangle’s measured move places the Pi Coin market target around $0.95, giving bulls an optimistic roadmap.

Whales and Institutions Load Up on Pi Tokens

Behind the scenes, Pi crypto value is being driven by heavy accumulation. According to on-chain data, 20 million Pi tokens—worth approximately $14 million—were purchased from OKX and moved to private wallets in a single transaction. Analysts view this kind of whale activity as a signal of long-term confidence.

Additionally, Banxa, a payments platform integrated with Pi Network, acquired another 10 million PI tokens. The move comes shortly after Banxa received KYB (Know Your Business) approval to offer Pi Coin trading globally. This institutional interest is reducing circulating supply on exchanges, creating further upward pressure on Pi crypto price.

“The whale accumulation and Banxa’s entry are bullish indicators. They point to growing confidence in Pi’s fundamentals, especially as the project edges closer to full mainnet launch,” noted a crypto market strategist.

Pi Network Rides Broader Market Tailwinds

Pi cryptocurrency is also benefiting from a more favorable macro environment. Bitcoin recently broke above the $100,000 mark for the first time since January, lifting sentiment across the entire digital asset market. With speculative tokens like PEPE and PI riding the momentum, traders are flocking to high-upside opportunities.

Pi Network (PI) price chart. Source: Brave New Coin

Technical comparisons between Pi and PEPE suggest that Pi could mirror similar gains. Both tokens have broken out of symmetrical triangle patterns with high trading volumes. If Pi follows PEPE’s path, it could approach the 0.236 Fibonacci retracement level at $1.00 or even higher, with the 0.5 level around $1.39 being a longer-term target.

Pi Network News and Upcoming Catalysts

Speculation around a possible Pi Network Binance listing continues to grow. While not officially confirmed, rumors have circulated as daily trading volumes for Pi Coin jumped by over 150%, reaching $308 million.

Furthermore, the Pi Core Team is expected to make a major announcement on May 14. Though the details remain under wraps, insiders suggest it could involve mainnet Pi developments or further integrations that expand the Pi ecosystem.

The Pi Network sell pressure has also eased as more tokens are being moved to cold wallets, suggesting holders are positioning for a longer-term rally. A potential supply squeeze could add fuel to the bullish fire if demand keeps climbing.

Outlook: What’s Next for Pi Coin?

With the Pi Coin price hovering near $0.73 at the time of writing, the next few sessions could determine whether the cryptocurrency breaks higher or falls back into correction territory. A decisive close above $0.78 could open the door to $0.95 and, eventually, $1.00. Conversely, a breakdown below $0.70 might pull the token back to earlier support zones near $0.67.

Pi Network Coin may retest the $3 level in the medium term. Source: SinerjiPortfoy on TradingView

For now, Pi Network trading remains range-bound but highly active, with traders, whales, and institutions all watching the charts closely. Whether Pi cryptocurrency value crosses $1 in the near term will depend on sustained momentum, key exchange listings, and follow-through from technical setups.

Final Thoughts

Pi Coin’s recent surge reflects not only a strong technical structure but also deepening investor interest and bullish sentiment across the crypto market. With potential catalysts on the horizon—including a Pi mainnet update and a possible Binance listing—the Pi Network Coin price could be on the verge of its most important breakout yet.

How far is Pi from $1? If current trends continue, the answer may be: not far at all.