Pi Network is currently down by more than 28% and trading at $0.84

Despite the current bearish trend, technical indicators still paint a bullish picture for Pi Network’s price action.

Pi Network, the cryptocurrency known for its mobile mining concept, has experienced a significant surge in recent weeks, piquing the interest of many cryptocurrency enthusiasts. The token price has soared by over 150% in the past seven days, and while it faced a setback today, technical indicators are still hinting at potential bullishness.

At press time, Pi Network was trading at around $0.84, down more than 28% for the 24-hour period. However, the token had hit a high of $1.56 earlier today before reversing.

As the token broke above its 50-day moving average and surged past the Bollinger Bands, it signaled increased volatility and strong upward momentum.

Though the token has fallen from its earlier high of over $3, it is steadily regaining ground. On platforms like CoinGecko, Pi Network’s 7-day price performance had climbed an impressive 151%.

In the next 30 days, Pi Network is set to unlock 275 million tokens. On May 15, 12.8 million tokens will be unlocking.

Today was a big day for the Pi Network community as the project’s CEO spoke at the Consensus Forum in Canada. For weeks, Pioneers had been looking forward to this event, hoping for big news — especially a major exchange listing.

While a listing on top exchanges like Binance didn’t happen, the event still brought some important updates that could help shape the future of the Pi Network.

The CEO stressed during the Consensus presentation that Pi Ventures isn’t just about financial investment — it’s about providing startups with direct access to Pi’s sizable user base. With over 19 million users already KYC-verified and active across 200 countries, any startup partnered with Pi Ventures gains immediate exposure to a global, verified audience.

This user base advantage, combined with financial backing, gives these startups a competitive edge, fostering a feedback loop of adoption and innovation within the Pi ecosystem.

Looking ahead, Pi enthusiasts are hoping these strategic moves will eventually open doors for major exchange listings. While that milestone wasn't reached today, the foundation seems focused on building the infrastructure and utility required for Pi to command serious attention in the broader crypto market.