Key Insights:
- After a 3-day Bollinger Band squeeze, PI crypto value rose more than 100% in only 48 hours.
- Recently, another big whale withdrew 10 Million PI crypto coins from OKX.
- The PI core team noted that an ecosystem announcement would be made on May 14, 2025.
Pi Network (PI) crypto value could have found its bottom at $0.40 level as it surged back above $1. However, it faced rejection at $1.60, signaling a correction before the continuation.
PI Crypto Value Analysis and Prediction
PI crypto value exploded more than 100% in 48 hours post the latter 3 days of a Bollinger Band squeeze.
The squeeze breakout started at around $0.80 before reaching a high of $1.6731, where the sharply taken profits saw the price drop to $1.1822.
The Bollinger bands quickly tested higher by $1.61 on the top band and around $1 on the lower band, where it tested support.
This volatility spike pointed to a strong momentum; retracement back under the basis line at $1.3103 suggested consolidation or deeper correction. The MACD confirmed the cooling off.
The MACD line that was at 0.0339 had penetrated below the signal line that was found at 0.0822. Subsequently, the histogram went negative at -0.0482, which indicated decreased bullish momentum.
If PI crypto value failed to take out the basis line, it could head lower than the lower Bollinger Band at $1. But a bull reversal and retaking $1.3103 after that would see another test of $1.6120 or higher levels.
In short, the breakout unfolded, but exhaustion signs were appearing on the PI crypto value chart.
Further bullish action would require a move above mid-band support levels; bearish pullback would move price from over $1 and take momentum back to the sellers.
CNBC Analyst Views as PI Crypto Whales Accumulate
Kim H Wong, a featured analyst on CNBC, pointed out that Pi Network Core Team will launch a crucial ecosystem update on May 14, 2025.
This announcement sparked an investor optimism wave with speculators driving themselves aggressively forward in their positioning.
The increased interest was triggered by the expectation of new developments or partnerships that may improve the Pi ecosystem’s utility and adoption.
Such optimism, however, was purely speculative until formal details were revealed.
Meanwhile, in a remarkable action, perhaps influenced by this feeling, a whale transacted 10,000,000 PI crypto coins with a value of $12.777 Million from OKX.
This timing — right ahead of the announcement — reeked of insider confidence or positioning for a rally after the announcement.
If demand continued its uptrend and the whale doesn’t sell, the purchase price level would act as a floor to demand, therefore supporting the price increase.
On the other hand, if the whale sells in the hype of short term volatility, it may result in more declines.
These moves, speculative and planning, may determine PI’s crypto value path over the next days, as market feeling could ride on the Core Team’s update and follow-up.
How PI Crypto Unlocks Affect its Value?
PI unlock of 6.9 Million PI worth about $7.97 Million responded with a high price volatility. PI crypto value increased as high as $1.60 before backing off to $1.15 following this initial market impact.
However, prior unlocks with comparable volume, showed mixed results, where some initiated dips while others absorbed quietly.
Looking forward, unlocks of between 5 million to over 13 million PI will continue to be available up to June.
The extent to which these triggers lead to sharp moves in prices depends on market sentiment ahead of the announcement and exchange listing talk.
Whenever there are unlocks, there could be temporary selling pressure, but the momentum showed the market could be taking supply efficiently. Nonetheless, traders remain cautious.