Pi Network Crashes 34% — Is a $3 Comeback Still on the Table for PI Coin?

Jakarta, Pintu News – The Pi Network (PI) price on May 14 stabilized at $1.19, remaining above the psychologically important $1 level, as anticipation grows for the Pi Network ecosystem’s big announcement.

In addition, the project founder is also scheduled to be a speaker at the ConsenSys event, where he is likely to reveal important updates regarding the Pi Network.

Ahead of the announcement, the Pi Coin price is predicted to be gearing up for a major breakout rally that could push it beyond the $3 level. This bullish sentiment is also reinforced by the Pi Network core team’s move to shut down central nodes as part of preparations towards the launch of the open-source version.

As a sign of project readiness, both Pi Network’s mining and browser applications have now received important updates on the Google Play Store. The question now is, will the Pi Network token price rally again along with the growing optimism from the community? Let’s explore Pi Network’s price movements today first.

Pi Network Price Drops 34.2% in 24 Hours

On May 15, 2025, the price of Pi Network (PI) was recorded at $0.8398, a decrease of 34.2% in the last 24 hours. If converted to the current rupiah ($1 = IDR 16,537), then 1 Pi Network is IDR 13,888.

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In the span of 24 hours, the PI price moved between $0.8342 and $1.30. Pi Network’s market cap now stands at around $5.95 billion in the last 24 hours.

Despite the significant correction, PI’s daily trading volume remained high, reaching over $1 billion ($1,025,744,242). This shows that market interest in the token is still quite strong despite the selling pressure.

Why the price of Pi Network is likely to hit $3

Despite today’s spike, as reported by Coingape (5/14/25), Pi Network seems to be preparing for a potential parabolic price spike as anticipation grows for its big ecosystem announcement.

In addition, the Pi Network founder’s speech at the prestigious ConsenSys 2025 event is also in the global spotlight. ConsenSys is known as the world’s premier stage for crypto innovation, and this year, the Pi founder’s keynote is expected to provide deep insight into Pi’s transition to open source and the project’s decentralization roadmap.

A wave of optimism from the community ahead of the event has pushed Pi Coin’s price above $1, with strong potential to break the $3 level.

Pi Network Price Analysis: Up to 42% Upside Potential

The price of Pi Network (PI) coin soared nearly 190% between May 6 and 12, from $0.57 to $1.67-reaching a weekly high. However, the price then corrected to $1.19 after failing to hold above the 61.80% Fibonacci level at $1.43, signaling a short-term pause phase.

As of May 14, Pi Coin’s price is still holding above the 50% Fibonacci level at $1.14, after experiencing a lower price rejection at $1.122.

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On the technical front, the 50 EMA and 100 EMA have now crossed above the 200 EMA, indicating a positive trend alignment. In addition, the MACD indicator and Signal line are also poised for a positive crossover after a brief pullback, further strengthening the optimistic sentiment towards Pi Coin’s price trend.

If Pi prices are able to bounce back past $1.67, then the next target is the 100% Fibonacci level at $2.91-which means a strong potential to touch the psychological $3 level.

Conversely, if Pi Coin fails to hold above the 50% Fibonacci level, a deeper correction could occur towards the 50 EMA in the $0.94 range, which would also mean losing psychological support at $1.

Pi App Gets an Update Ahead of Ecosystem Announcement

According to a tweet from @WoodyLightyearx, the Pi Mining and Pi Browser apps have received the latest updates on the Google Play Store, just before the big announcement regarding the Pi Network ecosystem.

This update is expected to bring an improved interface as well as new backend features that support various ecosystem functions. In addition, many speculate that this update is part of the preparation for migration to the mainnet.

With the arrival of this update, the sentiment of the Pi community and miners is looking very bullish. Many community members are speculating that future announcements might include the launch of smart contract features, dApps integration, or even a full mainnet launch.

Core Team Shuts Down Central Node, Hints at Source Code Release

The Pi Network core team also released an important update ahead of its ecosystem announcement. In a recent tweet, they announced that the central node has been shut down as a first step towards the release of the source code.

This is an important milestone in Pi Network’s decentralization process, reflecting trust in the community-run network of nodes.

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With the release of this source code, the Pi Network will become open source, allowing developers and node operators to review, contribute and innovate directly on top of the Pi codebase.

All in all, this latest update and development comes on the heels of the ConsenSys 2025 event, making this a very strategic moment for the Pi Network team. The event is a great opportunity to showcase Pi’s transition from beta stage to a fully decentralized, open platform.

With anticipation from the community growing stronger and market interest increasing, many are optimistic that the Pi Coin price will break $3, driven by positive sentiment and great expectations of the upcoming ecosystem announcement.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Pi Coin Price Could Break $3 Ahead of Pi Network’s Ecosystem Announcement Today. Accessed on May 15, 2025