The post Token Reaches $1.25 After 17.5% Daily Gain appeared on BitcoinEthereumNews.com.

Pi Network’s token has made impressive gains over the past week, showing strong recovery potential after struggling through April. The cryptocurrency has maintained position above the crucial $1.00 support level, catching the attention of investors across the market. On May 14, 2025, PI reached $1.25, representing a 17.5% increase in just 24 hours. This puts the value at approximately 20,715 Indonesian Rupiah based on current exchange rates. The daily trading range has been between $1.02 and $1.32, showing some volatility but overall upward momentum. PI currently has a market capitalization of around $8.9 billion, while the fully diluted valuation stands at nearly $13.7 billion. The circulating supply is approximately 7.1 billion PI out of a total supply of 10.9 billion, with the maximum supply capped at 100 billion. Pi Network Price on CoinGecko Technical Indicators Show Mixed Signals The Relative Strength Index (RSI) for Pi Network has pushed beyond the 70.0 threshold, placing the asset in overbought territory. This typically suggests the bullish momentum may be approaching saturation. Historically, overbought conditions often lead to market corrections as investors take profits. However, assets can sometimes remain in this zone for extended periods without declining significantly. The Chaikin Money Flow (CMF) indicator remains above the zero line, signaling continued strong inflow of funds. Despite a recent dip, this positive CMF reading reinforces the view that PI’s bullish trend might continue if overall market conditions remain favorable. According to a report from BeInCrypto on May 13, PI was trading at $1.09, marking an 86% increase over seven days with strong support at the psychologically important $1.00 level. Analysts suggest that if PI maintains position above this support, it could target $1.34 or even $1.64, assuming the bullish momentum persists in the coming days. The downside scenario involves potential selling pressure pushing PI below…

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Filed under: News - @ May 14, 2025 6:27 pm