Despite Bitcoin’s surge to $95,000, Pi Coin continues to struggle at the $0.82 mark. However, cryptocurrency expert Dr. Altcoin predicts that a price rally could soon begin, with the upcoming Consensus Summit in May 2025 serving as a key catalyst.
Pi Coin Faces Resistance at $0.82 Amid Bitcoin’s Rise
Pi Coin has been experiencing a tough time trying to break past the $0.82 barrier, even as the broader cryptocurrency market, especially Bitcoin, sees significant gains. Bitcoin’s recent price surge to $95,000 has sparked renewed optimism in the market, but Pi Coin has remained stagnant, still struggling to overcome the resistance at $0.82.
Despite this, there are growing expectations that this could soon change, with Dr. Altcoin, a well-known figure in the cryptocurrency space, forecasting that Pi Coin could see a price surge starting from the Consensus 2025 Summit in mid-May.
Consensus 2025 Summit: Pi Coin’s Big Opportunity
In a recent post on X (formerly Twitter), Dr. Altcoin expressed confidence that the anticipated rally in Pi Coin’s price could kick off during the highly awaited Consensus 2025 Summit, which will take place from May 14 to May 16, 2025.
The global blockchain event is set to bring together some of the biggest names in cryptocurrency, providing Pi Network with an excellent platform to gain recognition. Dr. Altcoin believes that even minor positive news, such as new partnerships, major ecosystem updates, or growth announcements during the event, could generate significant excitement and drive a surge in Pi Coin’s value.
He further stated that if Pi Network receives the attention it deserves at the summit, this could result in a sharp price increase well before the expected unlocking of tokens later in the year, potentially leading to a surge as early as May, well ahead of the previous predictions for August.
Token Unlocking in August: A Potential Double-Edged Sword
Interestingly, this prediction seems to contradict earlier expectations, which had been centered around August 2025, when a large number of Pi tokens are expected to be unlocked. This anticipated unlocking was expected to reduce selling pressure and offer a more stable environment for Pi’s price.
According to data from Piscan, the unlocking of tokens will see a significant reduction in the release of Pi tokens starting in August. In the first half of the month, 132.5 million USD worth of Pi tokens will be unlocked, followed by 115.2 million USD in September, 89.5 million USD in October, and 85.9 million USD in November. This gradual unlocking is expected to have a major impact on the token’s price, reducing the pressure from large-scale selling.
Current Pi Coin Price and Future Projections
As of now, Pi Coin is trading at around $0.63 USD, reflecting a 1.3% decrease in the past 24 hours. The price has recently consolidated, fluctuating between the resistance level of $0.68 and the support level of $0.61.
Should Pi Coin manage to break through the $0.68 resistance level, it could signal the start of a fresh price rally. The next resistance levels to watch are $0.78 and $0.85.
If the upward momentum continues, Pi Coin could potentially surpass $1.03, reaching above the $1 mark for the first time in over a month.
Pi Coin’s Uncertain Path Forward
While Pi Coin faces short-term struggles, the upcoming Consensus 2025 Summit presents a unique opportunity for Pi Network to gain the visibility it needs. The potential announcement of key partnerships or ecosystem growth could trigger a surge in Pi Coin’s price ahead of the major token unlockings later in the year.
However, investors should remain cautious, as the unlocking of large amounts of Pi tokens in the coming months could create volatility. Keeping an eye on the developments during Consensus 2025 will be crucial in determining Pi Coin’s next big move.