Pi Community’s native token, PI, has come beneath renewed market stress forward of a much-hyped announcement teased by its core staff. Regardless of its current burst of bullishness, PI coin price stays over 55% down from its Feb. 2025 highs close to $3.00, buying and selling round $1.33 as of Could 13. Sentiment stays weak regardless of group efforts to reignite bullish momentum.

A tweet from Pi Information exhibits centralized exchanges now maintain over 287 million PI cash. Bitget leads with 100.6 million PI, adopted by OKX with 33.2 million. These change balances elevate questions on liquidity administration and promoting threat, particularly if market makers rotate giant PI volumes across the upcoming announcement.

The Pi Community staff has not disclosed what the announcement will contain. Nonetheless, social media channels are flooded with hypothesis, together with rumors of an open mainnet rollout, an up to date roadmap, or a centralized change deal. These narratives are primarily based fully on group assumptions, with no official particulars launched.

Regardless of the rumors, price motion exhibits no signal of reversal. Promoting stress has intensified, and short-term merchants seem unconvinced by the staff’s imprecise communication technique. As of now, the speculative buzz has did not ship significant upside.

Worth Motion Turns Risky as Pi Coin Faces Rejection

Pi Community’s price motion on Could 13 exhibits indicators of speculative positioning forward of the anticipated core staff announcement. The day by day candle stays a minuscule physique with lengthy sufficient wicks to interchange a Chinese language dragon’s whiskers. Merchants are probably shopping for, with the habits a textbook instance of the ‘buy the rumor’ market saying. As such, market individuals remained well-positioned for a possible post-announcement breakout.

Nonetheless, if what follows is the latter half of the market saying, it may spell doom for the Pi Community coin price. The token reached its highest degree in 2 months because it rallied to $1.67 on Could 12. Nonetheless, the price candle’s lengthy higher wick underscores the bearish stress in opposition to PI coin. From Could 12’s excessive, the Pi Community token dropped over 40% to succeed in a day by day low close to $0.996 on Could 13.

The chart exhibits that PI price briefly pierced above the 0.618 Fib degree close to $1.29 earlier than rejecting laborious. This degree now acts as the primary key resistance. A day by day shut above it will goal the resistance close to $1.47, which aligns with the 0.786 Fib degree and an earlier price rejection zone from March. Flipping the rapid resistance would goal the resistance close to $1.71, however that degree stays out of attain until momentum returns decisively.

On the draw back, PI price has rapid assist close to $1.01. A breakdown under this threshold may expose the token to additional draw back towards the $0.847 degree. These ranges coincide with the 0.382 and 0.236 retracement zones and served as accumulation factors in early Could.

The day by day RSI stays elevated close to 81, flashing a textbook overbought sign. In the meantime, quantity exhibits a marked enhance over the past two classes, confirming that merchants are actively rotating out and in. If the Could 14 announcement fails to ship, the present setup leaves PI susceptible to a fast draw back correction.