Pi Network (PI) Price Surges by 86% in the Past Week, Briefly Trading at $1.09

Pi Network (PI) has surged by 86% in the past week, briefly trading at $1.09 (13/5/25) and showing strong recovery potential after underperforming in April.

The price of Pi Network (PI) has surged by 86% in the past week, briefly trading at $1.09 on 13/5/25. This puts the altcoin in a position to recover the losses it incurred in March, as it is still holding above the crucial $1.00 support level.

However, technical indicators are showing mixed signals, and there is a chance that PIs could still face some price correction in the near term.

What Happened to the Pi Network Price Today?

On May 14, 2025, the price of Pi Network (PI) was recorded at $1.25, having risen 17.5% in the last 24 hours. If converted into the current rupiah ($1 = IDR 16,572), then 1 Pi Network is IDR 20,715.

Within the daily range, the PI price moves between $1.02 and $1.32. The current market capitalization stands at around $8.9 billion, while the fully diluted valuation is almost $13.7 billion.

The current circulating supply is about 7.1 billion PIs, out of a total supply of 10.9 billion, with the maximum supply set at 100 billion.

Is Pi Network Still Room to Surge?

The Relative Strength Index (RSI) for Pi Network has surged past the 70.0 threshold, signaling that the asset has entered an overbought zone.

This indicates that the bullish momentum is starting to reach saturation point, which historically can signal a possible reversal. Overbought conditions are often followed by a market correction.

However, it’s worth noting that some assets can remain in the overbought zone for a long time without dropping. If PIs experience a similar situation, then it could be that prices remain stable without a sharp decline.

If we look at the overall momentum, the Chaikin Money Flow (CMF) indicator for the Pi Network is still above the zero line, indicating a strong inflow of funds. Although the CMF did experience a dip, this is not expected to last long, mainly due to favorable market forces.

While there may be short-term fluctuations, the general market sentiment – reinforced by the positive CMF readings – indicates that the Pi Network’s bullish momentum is still there. It could potentially sustain its upward movement, as long as overall market conditions remain favorable for crypto assets.

Pi Network Price Still Shows Strength

According to a report by BeInCrypto on 5/13/25, the price of Pi Network was at the level of $1.09, an increase of 86% in the last seven days, with strong support in the range of $1.00. This psychological support point is very important for the future performance of altcoins.

If we look at the indicators, they are showing mixed signals. On the one hand, the Relative Strength Index (RSI) is above the 70.0 level, which suggests that the asset is overbought and could be due for a pullback.

On the other hand, the Chaikin Money Flow (CMF) is still in positive territory, which indicates that there is still a strong inflow of funds into the market.

The probability of PI dropping below $1.00 seems low, and if it is able to hold above this level, it has the potential to continue its uptrend towards its $1.34 target, with further potential up to $1.64. However, this scenario is only possible if the existing bullish momentum continues in the next few days.

Conversely, if Pi Network experiences significant selling pressure from investors, the altcoin could lose support at the $1.00 level. A drop below this tipping point could push PI prices down to $0.87 or even $0.78, which would invalidate the bullish outlook and signal a possible trend reversal to the negative.Want to stay up-to-date on the world of crypto and blockchain technology? Join us on Google News to never miss out on the latest ارزو crypto قیمت and Web3 news.

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