HTX Listing Rumors Drive Speculation of Potential Rally

TLDR

• Pi Network price currently trades at $0.61, with rumors that HTX exchange may soon list the token
• HTX has posted several images with Pi Network logo, fueling speculation of an upcoming listing
• Analyst Dr. Altcoin predicts a price rally might begin in mid-May during the Consensus Summit 2025
• RSI indicators show oversold conditions on the four-hour chart, potentially setting up for a reversal
• Pi Network price could reach $5 in the future according to some predictions, which would give it a $35 billion market cap

Pi Network’s cryptocurrency PI has captured attention as rumors spread that HTX exchange may soon list the token. This potential listing on one of the largest crypto exchanges has sparked speculation about a possible price rally to $5.

Currently trading at $0.61, PI has seen a 3.42% decline in the last 24 hours. However, trading volumes have increased by 27% to $68 million, according to data from CoinMarketCap.

The rumor of an HTX listing gained traction after the exchange made several posts on X displaying the Pi Network logo in various contexts. These posts have led many in the Pi community to believe a listing announcement is coming soon.

HTX ranks among the larger cryptocurrency exchanges, with daily trading volumes averaging around $1.7 billion. A listing on this platform could potentially increase exposure and liquidity for PI.

Exchange listings typically create positive price momentum for newer tokens like Pi Coin. Traders often position themselves ahead of such announcements to capitalize on potential price increases.

HTX Listing Could Spark Wider Exchange Adoption

If HTX does list PI, this could trigger other major exchanges to follow suit. Platforms like Binance and Coinbase might consider adding the token if it shows strong performance on HTX.

PI already trades on several established exchanges including OKX and Bitget. Adding HTX to this roster would further legitimize the token in the eyes of many traders.

A rally to $5 would represent a major price increase from current levels. With a circulating supply of approximately 7 billion tokens, this would push Pi Network’s market capitalization to around $35 billion.

One analysis suggests that PI could reach the $5 mark by February 2027 if it gains a steady 10% each month. While this represents a long-term outlook, shorter-term catalysts could accelerate this timeline.

Price Rally Predictions Point to May 2025

Cryptocurrency analyst Dr. Altcoin has made a specific prediction about PI’s price movement. According to the analyst, a major rally could begin in mid-May 2025, coinciding with the Consensus Summit.

This timeline differs from previous predictions that suggested a rally might start in late August after the completion of PI unlocking events that will release 212 million tokens.

Dr. Altcoin believes the Consensus event will generate momentum for PI, particularly since Pi Network’s founder is scheduled to deliver a keynote address at the summit.

Pi is doing well! I am fairly confident that the price pumping of Pi might start during the Consensus Summit (May 14–16, 2025) rather than at the end of August when Pi unlocking significantly reduces. pic.twitter.com/iaSDGzqwYa

— Dr Altcoin (@Dr_Picoin) April 27, 2025

Several factors could influence this timeline. The Pi Core Team (PCT) is currently working to approve KYB (Know Your Business) applications before Consensus 2025, which could impact market sentiment.

The launch of decentralized applications on the Pi Network before the summit could also support price growth. The PCT has reportedly been purchasing PI tokens on centralized exchanges, acquiring over 48 million coins to help stabilize prices.

Technical Analysis Shows Potential for Reversal

Technical indicators suggest PI may be approaching a turning point. The Relative Strength Index (RSI) on the four-hour chart has dipped into oversold territory, reaching around 30.

Historically, when PI’s RSI has reached these levels, price rebounds have followed as traders buy the dip. If this pattern repeats, we could see upward movement in the near term.

A break above the resistance level at $0.63 could trigger further buying, potentially leading to a 16% rally toward $0.73. Some analysts see this as a stepping stone toward the $1 mark.

While short-term technical indicators show bearish pressure, the oversold conditions suggest this pressure may soon relieve, creating an opportunity for recovery.

The Pi Core Team’s efforts to stabilize the market by purchasing tokens demonstrate a commitment to maintaining price stability during this development phase.

Dr. Altcoin has cited several strengths of the Pi Network that could support long-term price growth, including accessibility, sustainability, security features, low gas fees, and regulatory compliance.

As the Consensus Summit approaches in May 2025, traders will be watching closely for signs that PI is beginning its anticipated price movement. The combination of a major conference appearance, potential exchange listings, and technical indicators suggesting a reversal could create favorable conditions for PI’s price.

The coming months will be crucial for PI as market participants assess whether it can overcome current challenges and begin moving toward higher price targets.