Pi Coin Ready to Reach $1 Before Significant Announcement on May 1

The price of Pi Coin is experiencing a surge in anticipation of the Pi Network’s announcement on May 14, which aligns with the Consensus conference. Speculation is being heightened by rumors of a new development fund and possible listings on exchanges such as Binance, HTX, and Upbit. Additionally, there has been significant on-chain activity with 84.8 million Pi tokens being transferred. In the past 24 hours, Pi Coin (PI) has increased by over 17%, currently valued at $0.56453. The recent fluctuations in prices are drawing significant notice from market observers as the PI approaches the expected $1 milestone. Will the value of Pi Coin reach $1? The technical indicators indicate that the upward momentum persists. Significantly, the Pi Network has kept its support level steady at $0.5645, a baseline that has remained unchanged since April 7. The trading volume for Pi Coin has surged significantly by 171.78%, reaching $354.03 million within the past 24 hours. Source: TradingView. Analysts are closely monitoring Bollinger Bands, which currently appear to be forming a potential squeeze. This pattern is frequently viewed as a signal for impending significant price movements. The rising expectations surrounding Pi Coin appear to be linked to the upcoming announcement scheduled for May 14. The upcoming event, which aligns with the Consensus conference in Canada, is expected to provide significant updates regarding the network’s roadmap. There is enthusiasm about a possible new development fund aimed at attracting developers and accelerating the rollout of decentralized applications on the Pi Network.