Pi Network (PI) is once again making waves in the crypto space after a strong 105% rally over the past 12 days. The token has surged to $1.26, drawing attention from traders and analysts alike. Backed by strong technical indicators and growing investor interest, the Pi Network price prediction remains bullish in the short term.
Strong Technical Backing
PI is currently trading above both the 50- and 100-Exponential Moving Averages (EMAs) on the 12-hour chart. This positioning supports the continuation of the uptrend. The MACD indicator has given a fresh buy signal, with expanding green histograms suggesting increasing momentum. The next immediate resistance lies at $1.35. A successful breakout from this level could pave the way for a move toward $1.80, a key zone last reached in March.
Whale Activity and Binance Speculation
Market excitement is also being fueled by notable whale activity. A single wallet has accumulated 70 million PI tokens from OKX, raising its total to 155 million—the largest holding on any centralized exchange. This has led to speculation that a major listing could be on the horizon.
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Some believe Binance could be preparing to list Pi Coin.
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The project has also shown signs of Know Your Business (KYB) compliance and increased blockchain activity, both of which often come before major exchange listings.
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Ecosystem Growth and Community Support
Beyond price action, the Pi Network ecosystem continues to expand. The project now ranks in the top 30 by market cap on CoinGecko. Community engagement is rising, mining interest is growing, and anticipation is building for the mainnet launch.
If current momentum holds and the upcoming May 14 announcement delivers meaningful updates, PI could realistically reach $2 by August. Some analysts even project a year-end target of $5, depending on utility growth and market trends.
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