"May 14 Ecosystem Update from Pi Network May Shape Future Price Trajectory"

Pi Network’s PI coin is experiencing notable price movement as the Consensus 2025 event on May 14 draws near, with anticipation mounting around a significant ecosystem upgrade. PI’s price recently jumped by 10%, ending its previous consolidation phase and climbing to $0.6196. This rally is underpinned by bullish signals from technical indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). The RSI, now at 61.57, points to solid buying activity but remains under the overbought threshold of 70. Meanwhile, the MACD has moved above its signal line, and the growing green bars on the histogram indicate short-term bullish momentum.

This technical backdrop aligns with a major update from the Pi Core Team, who are set to announce a pivotal ecosystem upgrade during the Consensus 2025 conference. With a user base exceeding 55 million and a growing network of applications, Pi Network is attracting attention from venture capitalists, new collaborators, and the wider crypto sector at this event. The update’s timing—coupled with a keynote by founder Dr. Nicolas Kokkalis—has sparked speculation of a breakout, particularly if the project demonstrates practical value or secures new investment.

Fibonacci retracement analysis points to possible price targets if the current momentum persists. Based on the most recent swing low at $0.5713 and high at $0.6105, major resistance levels are noted at $0.6738, $0.7130, and $0.7372. These could present hurdles for the price, but a favorable response to Pi Network’s May 14 announcement might drive the coin toward $0.6738 or even higher.

Nonetheless, not all outlooks are optimistic. Another analysis highlights underlying structural issues that could cap PI’s upward potential. The coin has remained in a descending triangle formation on the 4-hour chart, and although there has been a recent recovery from historic lows, both the Supertrend indicator and the Awesome Oscillator (AO) maintain bearish signals. The AO persists in negative territory, and the Chaikin Money Flow (CMF) has dropped below zero, reflecting continued capital outflows. These elements indicate that, even with a breakout, PI may face significant resistance on its way up.

The Pi Network team has also detailed a series of upcoming mainnet enhancements, which could cause temporary network disruptions and affect investor confidence. While these upgrades are intended to boost scalability and functionality, the uncertainty they bring could see the price retreat to as low as $0.32 if demand weakens. Successfully balancing innovation with supply pressures will play a crucial role in shaping Pi’s future performance.

With the May 14 event approaching, market attention will focus on how the Pi Network’s ecosystem update is received. If the project can fulfill its promise of practical applications and ecosystem expansion, it might spark renewed interest and capital inflow. On the other hand, if the announcement fails to impress, the current bearish trends may persist. Investors should keep a close eye on the May 14 event and subsequent technical developments for PI, as they could mark a turning point for the coin in the coming period.