Pi Network’s native cryptocurrency, the PI token, experienced a sharp rally earlier this week. On May 12, 2025, it reached a high of approximately $1.70 before pulling back. As of 19:04 UTC, PI trades at $1.1142, according to TradingView data from the OKX exchange.
The token briefly held above the 50-hour Exponential Moving Average (EMA), now marked at $1.1249, but has since fallen below it. This shows a temporary shift in momentum. Volume peaked during the price surge and remains elevated, with 735.77K PI traded in the last session shown.
Meanwhile, the Relative Strength Index (RSI) dropped from an overbought zone to 43.38, signaling reduced buying pressure. The RSI’s previous high sat at 60.60, but the current reading points to neutral territory.
Directional Movement Index Shows Buy-Side Momentum
The Directional Movement Index (DMI) confirmed the bullish trend. TradingView data showed the +DI (positive directional index) reached 60.96, its highest recorded value for PI token so far. This indicator measures the strength of price trends.
A +DI reading this high signals strong buying pressure. It also shows the PI rally is being driven by increased accumulation rather than random volatility. The negative directional index (–DI) remains well below the +DI, showing buyers currently control the market trend.
The DMI trendline began rising in early May. Each daily close showed stronger upward pressure. Traders continue watching the gap between +DI and –DI to assess whether momentum will change.
PI Price Clears Leading Span A of Ichimoku Cloud
The PI price broke above the Leading Span A of the Ichimoku Cloud. This indicator identifies potential PI resistance and PI support zones based on past price action and moving averages.
The Leading Span A represents the first key resistance. On May 12, PI closed above this level, confirming that the token moved through a significant barrier. Now, it approaches the Leading Span B, which acts as the next resistance level near $1.70.
If the price holds above the Leading Span A, this zone may now act as new PI support. The cloud’s structure suggests the token is moving through important momentum zones. However, continued movement depends on whether buy-side volume remains steady.
