The cryptocurrency market experienced a slight decline yesterday, with the global market cap dropping by 1%. Bitcoin (BTC) remains stable around $94,880, while other altcoins like Litecoin (LTC), XRP, Avalanche (AVAX), and Chainlink (LINK) have seen losses. Pi Coin continues its struggle since reaching highs near $3 in February. Despite a few short-term rallies, the coin has dropped 12% in May alone. Could this be a turning point for Pi Coin? Following a recent 7% jump to $0.6249, traders are optimistic about a potential recovery. Despite market sentiment improving, Pi Coin is experiencing limited price growth due to missing key catalysts like major exchange listings or significant mainnet upgrades. Technical indicators show a slow but steady rise in the RSI and accumulation of Pi tokens. However, volatility remains high with low liquidity on exchanges. 7.8 million Pi tokens are set to be unlocked today, potentially impacting the price. The consensus among analysts is that Pi Coin’s price could reach $1.70 by mid-May based on upcoming events like the Consensus Summit scheduled for May 14-16. Dr. Altcoin predicts this rise, while analyst Andrew Griffiths believes Pi Coin is currently caught between bullish and bearish forces around the 0.6 level. If the trend continues upward and breaks above 0.75-0.78, it could reach $1. However, a dip below 0.55 could signal a bearish trend heading towards $0.288.