The Pi Coin $1 target appears increasingly possible right now as the cryptocurrency has surged to $0.7463, representing…

The Pi Coin $1 target appears increasingly possible right now as the cryptocurrency has surged to $0.7463, representing a significant jump of over 17% in just the last 24 hours. This impressive movement comes following some pretty strong hints about a major Pi Coin announcement that’s scheduled for May 14. The Pi Network price is definitely showing some really promising technical patterns that seem to suggest a potential rally toward the coveted $1 mark in the near future.

Also Read: SEC Moves to End Ripple Case as Commissioner Rebels: $75M Returns to XRP Giant

Pi Coin’s Growth Potential, Market Volatility & Future Developments

Bullish Technical Indicators

The Pi Network has established a strong support level at around $0.5645, which is a level that actually hasn’t been broken since April 7. With trading volume surging dramatically by 58.05% to $180.12M at the time of writing, the Pi Coin $1 target definitely remains the focus for many investors who are concerned about cryptocurrency adoption rates and market volatility.

Cryptocurrency analyst Crispus noted in his recent analysis:

“The technical patterns point to an eventual rebound to $1 in the near term.”

This assessment highlights the significance of the Bollinger Bands indicator showing a potential squeeze, which often precedes major price movements for Pi Coin $1 predictions and market developments.

Also Read: Trump’s UK Trade Deal Unlocks $5B in US Exports, Slams China

Major Exchange Listing Speculation

On-chain data from Dr. Altcoin reveals approximately 84.8 million Pi Coins allocated to an undisclosed entity, which has fueled many rumors about potential listings on major exchanges such as HTX, Binance, or even Upbit. Such a Pi Coin announcement would significantly boost cryptocurrency adoption while also addressing security risks that worry investors.

High-Profile Networking

The anticipated Pi Coin announcement coincides with the big Consensus event in Canada on May 14, coming shortly after industry leaders at Token2049 in Dubai saw the Pi Core Team founder networking with them, including Binance’s Changpeng Zhao and also Justin Sun.

Development Fund Possibilities

One other possible Pi Coin announcement that could be on the horizon may be the setting up of an ecosystem fund that will try to attract developers thereby strengthening Pi network’s security framework and jump starting the adoption of crypto due to more improved applications and services on the platform.

Also Read: Ripple: AI Predicts XRP Price If US Adopts RLUSD Officially

Federal Reserve Decision Effects

The Pi Coin $1 target now appears much more attainable after broader crypto market gains post the Federal Reserve’s latest policy call. Should the prevailing resistance levels break, analysts are expecting a sharp rise to $1, though failure to defend $0.5645 may expose prices to the $0.40 all-time low.

The May 14 Pi Coin launch will quickly put the Pi Network under the spotlight, which may define its potential movement for months to follow, while hopefully addressing some crypto security threats which have recently distressed crypto investors.