Pi Network’s Rally Takes a Breather Below $0.80 as Market Awaits Major May 14 Announcement

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-09 12:20:16

[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN] PI News -

Pi Network’s price surge paused below the $0.80 resistance level as traders anticipate a significant ecosystem update scheduled for May 14. The token held at $0.75 on Friday, continuing its streak of double-digit daily gains.

Analysts highlight overbought conditions and strong resistance below $0.80, suggesting potential short-term correction before weekend trading. The upward movement aligns with improving crypto market sentiment following a limited US-UK trade deal.

While technical indicators show bullish signals, the psychological $0.80 barrier continues to cap gains. Developer hints about an upcoming announcement have intensified speculative trading activity around the project.

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