"Pi Network's May 14 Ecosystem Update Could Define Its Price Fate"

Pi Network’s PI coin is showing signs of potential price movement ahead of the Consensus 2025 event on May 14, as anticipation builds around a key ecosystem update. The price of PI saw a sharp 10% increase, breaking a period of consolidation and reaching $0.6196. This momentum is supported by technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), both of which have turned bullish. The RSI currently stands at 61.57, indicating strong buying pressure but still below the overbought level of 70. The MACD has crossed above the signal line, with the histogram showing increasing green bars, suggesting growing momentum in the short term.

This technical setup coincides with a major announcement by the Pi Core Team, which plans to unveil a significant ecosystem update during the Consensus 2025 conference. With over 55 million users and an expanding app ecosystem, the Pi Network is poised to attract attention from venture capital firms, new partners, and the broader crypto community during the event. The timing of the update—paired with founder Dr. Nicolas Kokkalis’ keynote—has fueled speculation about a potential breakout, especially if the project can demonstrate real-world utility or attract new funding.

Fibonacci retracement levels also suggest possible price targets should momentum continue. Based on the latest swing low of $0.5713 and swing high of $0.6105, the key resistance zones are $0.6738, $0.7130, and $0.7372. These levels could act as barriers to further upward movement, but if Pi Network’s announcement on May 14 is well received, the coin could see a push toward $0.6738 and beyond.

However, not all analyses are bullish. A separate report highlights structural challenges that could limit PI’s upside potential. The coin has been in a descending triangle pattern on the 4-hour chart, and despite a recent rebound from an all-time low, the Supertrend indicator and the Awesome Oscillator (AO) remain bearish. The AO is still in negative territory, and the Chaikin Money Flow (CMF) has slipped below the zero line, signaling ongoing capital outflows. These factors suggest that even if Pi Network achieves a breakout, the path to higher levels may be met with resistance.

The Pi Network team has also announced an upcoming series of mainnet upgrades, which could introduce temporary network outages and dampen investor sentiment. While the project aims to improve scalability and functionality, the uncertainty surrounding the upgrades may lead to a return in price to as low as $0.32 if demand fails to pick up. The balance between innovation and supply-side pressures will be a critical factor in determining Pi’s long-term trajectory.

As the May 14 event approaches, all eyes will be on how the Pi Network’s ecosystem announcement is received by the market. If the project can deliver on its promise of real-world applications and ecosystem growth, it could trigger a renewed wave of interest and capital inflow. Conversely, if the announcement fails to generate traction, the bearish forces currently at play may continue to dominate. Investors are advised to closely monitor the May 14 event and the subsequent technical performance of PI, as it could serve as a pivotal moment for the coin’s price action in the near term.