Pi Network Price Surges to $1.3 – Can It Sustain Growth After May 14?

Vladimir Popescu
Physical Pi coin held between fingers showing the Pi symbol and network details
Source: Markets.com

Pi Network price prediction shows a rapid surge to $1.3, ranking it 19th by market cap right now. With the May 14 ecosystem announcement approaching fast, and many investors are wondering if Pi Coin’s future value will continue rising or maybe face correction after this highly anticipated event.

Pi Network price chart showing current price of $1.32 with future predictions
Source: CoinCodex

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Source: StormGain

According to price predictions, bullish sentiments have increased in the Pi Network as its value doubled following the launch announcement of its ecosystem. As of this writing, one Pi Network token is worth around $1.3, giving it a ranking among the top 20 cryptocurrencies internationally in terms of market cap.

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Price Surge and Future Value

The Pi Network price prediction from technical indicators actually suggests potential growth to $1.62 within five days or so. Pi Coin’s upcoming announcement on May 14 has fueled this dramatic increase in recent weeks.

Pi/USDT with resistance areas highlighted
Source: TradingView

CoinCodex analysts also had this to say:

“The price surge can be attributed to Pi Network’s transition from a mobile-mining concept to a functional blockchain ecosystem with real-world applications.”

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Market Sentiment and Legitimacy

According to recent figures, Pi Network price prediction is mostly optimistic, thanks to about 53% green days. In spite of strong growth, frequent questions about Pi Network’s authenticity are brought up by some analysts and investors.

CoinMarketCap Academy warned:

“While Pi Network has gained considerable traction, investors should be aware of the risks associated with newly launched cryptocurrencies, particularly those with rapidly changing valuations.”

Key Resistance Levels

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Pi Network future value faces resistance at key levels such as $1.39, $1.69, and also $2.00. Breaking these levels is definitely crucial for continued growth after the Pi Coin upcoming announcement next week.

Post-Launch Outlook

Pi Network price prediction models suggest a potential correction after May 14. This kind of follows the trading wisdom “buy the rumor, sell the news,” where prices often dip after major events happen.

A crypto analyst on TradingView said:

“With the Pi Network ecosystem scheduled to go live on May 14, bullish momentum is building. We could see a slight uptick in price leading up to the launch—potentially reaching around $1.39, or even $1.69 if sentiment remains strong.”

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The Pi Network price prediction remains optimistic for now, but investors should probably consider both opportunity and risk as Pi Network market cap continues to evolve ahead of its crucial ecosystem launch and all that.