Pi Network Eyes Recovery as RSI Reversal and $0.61 Support Spark Bullish Momentum

While the broader sentiment remains cautious, subtle shifts in technical indicators, trading activity, and project updates suggest the potential for a trend reversal.

Pi Network Holds Firm at $0.61 Amid Growing Recovery Signs

Pi Coin is currently trading within a narrow band between $0.60 and $0.65, signaling a consolidation phase. This sideways movement has coincided with tightening Bollinger Bands, indicating a possible breakout on the horizon. As of the latest data, Pi crypto has climbed over 5% in the past 24 hours and 14% in the past month, while daily trading volume has risen by nearly 7% to $139.4 million.

Pi Network Coin was trading at around $0.61, up 4.97% in the last 24 hours at press time. Source: Brave New Coin

The Relative Strength Index (RSI) sits just above 42, inching away from oversold territory. If bullish momentum builds, the next resistance lies near $0.70, followed by more ambitious targets around $0.78 and $0.90.

Fibonacci Levels, and Market Structure Point to Breakout Potential

Technical analysis across various timeframes reveals that Pi Coin price is hovering near a cluster of key Fibonacci levels. The 0.382 Fib level at $0.639 and the 0.5 level at $0.593 represent an area of indecision where bulls and bears are locked in a tug-of-war. A successful breakout above $0.66 could clear the path to $0.70–$0.75, while a drop below $0.58 would open the door to retests of $0.50 and even $0.40.

The market has twice failed to break the 0.7827 buyside liquidity zone, with the next target likely at 0.5741. Source: TraderMikeR on TradingView

The 4-hour chart illustrates a descending triangle formation—a pattern that typically leans bearish unless invalidated by a strong breakout. If Pi Coin closes decisively above $0.66, it would confirm a reversal and potentially kick off a short-term rally.

Supporting this view is a mild bullish crossover on the MACD and a slight uptick in the histogram. Although these signals are not yet strong, they reflect building pressure that could translate into upward momentum.

Pi Network’s Mainnet Migration and Ecosystem Growth

Beyond price charts, Pi Network’s long-term trajectory depends heavily on its mainnet Pi rollout and expanding user base. The project, founded by Stanford graduates in 2019, aims to create an inclusive crypto ecosystem by enabling users to mine Pi Coin from mobile phones using the Stellar Consensus Protocol.

To date, over 12 million users have completed migration to the Pi Network mainnet, although no specific timeline has been given for full migration. The Pi Core Team has shared a roadmap that includes processing referral bonuses, completing initial migrations, and moving to periodic migrations—key steps that will support broader ecosystem participation and Pi Network trading utility.

Still, challenges remain. With a maximum token supply of 100 billion, only about 6.7 billion Pi are currently in circulation. An estimated 1.5 billion more tokens will unlock over the next year—roughly 130 million per month. This increasing supply could pressure Pi crypto value unless met with growing demand from new apps, partnerships, or exchange listings.

Community Events and Exchange Listings Could Be Game-Changers

One of the most anticipated catalysts for Pi Network Coin is a potential listing on major cryptocurrency exchanges. Though no confirmations have been made, ongoing speculation has fueled short-term price optimism. A listing on a platform like Binance could dramatically enhance liquidity and price discovery for Pi Coin market participants.

Adding to the bullish sentiment is Pi’s presence at Consensus 2025, where founder Nicolas Kokkalis is expected to speak. The event may bring important project updates, including developments around Pi’s decentralized apps (dApps) or Know-Your-Business (KYB) onboarding, which would be crucial for real-world utility and adoption.

Pi Price Prediction: Where Is Pi Headed in May 2025?

Analysts remain divided on Pi Coin worth as we enter May. According to CoinCodex, a bullish case could push Pi to $2.02 before month’s end, though such targets would likely require a substantial shift in market conditions.

Pi Coin’s symmetrical triangle suggests a breakout is near, with volume likely to determine a bullish move above $0.645 or a bearish drop below $0.57. Source: The Times of PiNetwork via X

Realistically, three scenarios remain possible:

• Bullish Breakout: A sustained push above $0.66–$0.70 could target $0.78 and $0.90, signaling a confirmed reversal.
• Bearish Breakdown: Failure to hold $0.58 may send the Pi token price tumbling toward $0.48 and $0.40, undoing recent recovery gains.
• Range-Bound Consolidation: Most likely in the near term, Pi may continue to trade between $0.58 and $0.66 as accumulation continues and the market waits for stronger cues.

Looking Forward: Building Toward a Turning Point

While the Pi cryptocurrency value remains well below its March peak near $3, a combination of technical support, upcoming ecosystem milestones, and community engagement is keeping the Pi Network narrative alive. The $0.60–$0.65 zone is proving to be a critical battleground, and any movement outside this range could set the tone for the rest of May.

As the Pi Network market matures and further updates unfold, traders and investors alike will be watching closely to see if Pi’s long-awaited breakout finally arrives.