Pi Crypto Price To Reclaim $1.60? Key Developments You Need To Know
Key Insights:
- The momentum for Pi crypto was strong today, with a rise of 8.9% as of press time.
- After the rebound from the zone at $0.60, PI rose with strong bullish force and reached $0.81.
- The total balance for PI on the centralized exchanges reached 306,330,321.005 PI.
Pi Crypto news highlights a strong price rebound, reflecting renewed market optimism. Significant developments across the chain suggest potential for continued growth.
This came after the price broke below the $1 level following a surge that brought it to the $1.60 price in the past week.
PI Crypto News on Major Developments
Pi crypto saw strong momentum, rising by 8.9% at press time. Despite over 2.01 billion Pi being available for mining, prices unexpectedly increased.
This rise was contrary to expectations, as prices were predicted to decline. The price movement indicates growing trust in the project among investors.
There is 7.21 billion Pi currently in circulation, and 5.2 billion Pi are still in lockdown. Three key factors drove the rally. Investors gained confidence as Pi Ventures announced its $100 million fund, signaling continued project growth.
Transaction activity on the blockchain indicated that users held onto their tokens in Pi Wallets. They chose not to trade them on exchanges.
Third, Pi received more support when its co-founder, Nicolas Kokkalis, joined participants at Consensus 2025. Pi Network was supplying 11.1 billion findable Pi, working toward its 100-billion-coin max cap.
The future success of Pi crypto news depends on adjustments to the reward schedule and its practical use in daily transactions. Effective ecosystem management will also play a crucial role in maintaining its momentum.
PI Crypto Price Analysis
After rebounding from the zone around $0.60, Pi crypto rose with strong bullish force and reached $0.80585. The price was $0.83 at the time of writing. It was evident from the chart that an apparent Change of Character caused the short-term market structure to become bullish.
The lower-level structure weakened, showing that sellers were losing momentum. Since May 17, the price has been making higher lows.
If it does, support for PI could rise to the next resistance level at $1.00. A breach of the recent top could quickly take prices to the “Weak High” region at $1.40, since there is liquidity there.
However, that region could also act as a zone where Bitcoin could reverse if bulls started losing power. If BTC falls again below $1.00, it could decline to the accumulation zone around $0.80.
If selling accelerates, $0.70 may act as the next hurdle. A rebound could begin around the $0.60 mark. PI appeared bullish, with consistent upward movement. The chart showed gains until it hit key resistance levels.
Exchanges Holding PI Crypto
The total balance for PI on the centralized exchange is 306,330,321.005 PI. OKX has boosted its Pi Crypto news holdings to 22,502,066.384 PI, adding a million more. Meanwhile, Bitget saw a 2.2 million PI drop, leaving it with only 109,747,203.37 PI.
Large amounts of PI were transferred between wallets due to trading on exchanges. Net withdrawals on Bitget increased, showing a shift in asset management.
Users choose to self-custody their crypto instead of keeping it on the exchange. They are anticipating price changes, utility growth, or DeFi opportunities.
The rise on OKX indicates growing trader confidence in the platform. It may also signal preparations for upcoming listings, events, or campaigns.
In addition to setting the price for buyers, CEX balances shared how users felt about the crypto. When people choose to save their PI in wallets, it shows they are more confident in the digital asset for the future.
As smart contracts continue to grow, less cryptocurrency may remain on exchanges. This shift could influence future price changes, especially during periods of high demand.
