Pi Network's PI Coin Price Surges 10% Ahead of Consensus 2025 Debut

Pi Network’s (PI) coin saw a sharp 10% price spike earlier today, pushing towards $1, as anticipation is building for the project’s major appearance at the Consensus 2025 conference next week.

This move breaks a period of consolidation and comes just ahead of a key ecosystem update Pi Network has scheduled during the event on May 14.

With over 55 million users, a growing ecosystem of apps, the Pi Core Team has announced a major ecosystem update scheduled for May 14, timed perfectly with founder Dr. Nicolas Kokkalis’ keynote appearance.

Investors and traders are now closely watching the charts to anticipate how this could impact Pi’s price, especially considering that the project could attract VC funding, new partnerships, and mainstream exposure during the event.

A Pi ecosystem announcement will be made on May 14. Tune in to learn what’s coming next!

See you there! ??

— Pi Network (@PiChainOffical) May 7, 2025

Current PI Coin Technical Setup Shows Bullish Signs

The PI/USDT price (data from OKX) is trading around $0.6196 as recent 10% spike follows days of consolidation.

Relative Strength Index (RSI) is at 61.57, showing bullish momentum but still below overbought territory (70). Just a few candles ago, RSI spiked above 80, suggesting recent strong buying pressure and potential accumulation.

If momentum continues to build by May 14, we could see RSI push well into overbought levels, especially if the announcement surpasses market expectations.

Meanwhile, MACD just printed a bullish crossover, with the MACD line moving above the signal line.

Additionally, the histogram is showing increasing green bars, reflecting growing momentum. This supports the case for a potential short-term rally, possibly triggered by a ‘buy the rumor’ phase ahead of the event.

Fibonacci Levels Show Pi Coin’s Next Price Targets

Using the latest swing low of $0.5713 and swing high of $0.6105, Fibonacci retracement and extension levels show the following key targets if price breaks above $0.6347:

These levels will act as resistance zones if momentum continues. $0.6738 is a likely next stop if the May 14 announcement is received positively.