Analyst Says Pi Network To Reclaim $1.2 If Pi Coin Holds This Support

Key Insights:

• Pi Coin and its price remain one of the biggest launches with high growth prospects.
• With Pi Coin value currently pegged at $0.93, investors and analysts anticipate a bigger rally.
• New listings can help redirect sentiments for the coin.

The Pi Network price is on track to reclaim the $1.2 level, with key performance metrics in green.

Market analyst MOON JEFF on social media platform X says PI could hit this level if it holds $0.8 as support.

Other factors that support the future PI rally include collaboration with startups and the potential launch of a token on top crypto exchanges like Binance.

Pi Network Price Rally Teased by Major Metrics

According to market data, the price of PI was $0.93 at press time, up 4.8% in the past 24 hours.

While the daily price growth rate is a positive metric, the weekly surge tells a more ambitious story. In the past week, PI rose by an outstanding 25%.

MOON JEFF claims PI might see a pump towards $1.2 or even higher before another retrenchment.

PI Coin is making a decisive move to end May on a positive note.

While Bitcoin remains the primary driver of the crypto market, many altcoins, including PI, now have a decisive growth pattern to breach previous lows.

On May 11, the price of PI Coin climbed over 61% to $1.27, while the trading volume rose 558% to $1.38 billion.

This volume shows the sustained adoption or embrace by market participants. Analysts noted that this momentum, if sustained, can fuel a more ambitious uptick for the coin in the coming days.

The May 11 rally pushed PI to second place on the list of most trending cryptocurrencies, behind Bitcoin (BTC).

On the weekly price chart, PI rose 114% and 218% since its low of $0.40 on April 4, 2025.

Factors Contributing to the PI Coin Breakout

Crypto enthusiast and PI Coin proponent Kim. H Wong has highlighted several factors likely responsible for the ongoing PI rally.

He noted that PI experienced an 8% price increase ahead of a prominent announcement on May 14.

Speculators rushed to buy Pi coins before the announcement, reflecting expectations of possible good news.

In another post, Wong revealed that the core team officially launched a $100 million initiative, held in Pi and USD.

He disclosed that the team aims to invest in startups and businesses that advance the utility and real-world adoption of Pi.

Wong perceives this news as a great development that will fuel future ecosystem growth.

Binance to List PI Coin and Future Token Unlock Event

Beyond the core speculations that remain high, there are speculations that Binance will soon list PI Coin on its platform.

These speculations intensified after Binance made a cryptic announcement on its official X account, hinting at a PI Coin launch. Binance posted its logo, featuring the PI symbol.

Major exchanges, including OKX, Bitget, MEXC, HTX, and Gate.io, have already added support for Pi trading.

Thus, a listing on the Binance exchange will add credibility to the coin. The price is expected to shoot higher as support and adoption for PI increase.

In addition, there are rising discussions about reducing the circulating supply by burning tokens. This move may form a favorable supply and demand pattern for PI.

Data from the Pi scan reveals that the team intends to unlock 272,212,590.14 tokens out of the total 5,180,560,834.16 coins locked so far.

The post Analyst Says Pi Network To Reclaim $1.2 If Pi Coin Holds This Support appeared first on The Coin Republic.