Pi Network Price Analysis: $PI Will Soon Reach $2?

As the Consensus Summit kicks off today, on May 14th, all eyes are on Pi Network. The excitement comes from the scheduled appearance of co-founder Dr. Nicolas Kokkalis, who is expected to announce important updates regarding the Pi ecosystem. Speculation is rising regarding announcements related to the launch of a new DApp, a long-awaited listing on trading platforms such as BitMart, HTX, or even Binance, and potentially a detailed roadmap for the launch of Pi’s mainnet. Therefore, the hunt for Pi coin price analysis is becoming increasingly significant. Analysis of Pi Coin price: Is the $2 mark the next milestone? The price of Pi has made an impression in the cryptocurrency space with a 103.12% increase in the past week, rising from below $0.70 to a high of $1.34. Just in the past 24 hours, this altcoin surged by 5.89%, reaching a high of $1.34 before returning to the current level of around $1.17. The 4-hour chart shows a strong breakout, surging at the important resistance level of $1.40. Although it did not surpass this resistance level, the price found support around $1.09–$1.10. The 9-day simple moving average, currently at $1.1678, has acted as dynamic support.

Based on the current trend, the potential low for PI could be around $1.05 if selling pressure increases. The average trading range is between $1.15 and $1.25. If the upward momentum continues, especially driven by positive news from the Consensus Summit, the price is likely to retest the $1.40 level and may rise to $2.