Nearly every Pi Network holder is celebrating today as the cryptocurrency surged an impressive 20% in the past 24 hours, now trading at $1.60. After holding support at $1.40 for three consecutive days, Pi has finally pushed above its 21-day EMA, signaling what could be a major trend reversal. Not bad for a coin that was down 45% from its February all-time high of $2.98.
Pi’s 20% surge to $1.60 signals potential reversal after bouncing off $1.40 support—an impressive comeback from February’s steep decline.
The technical picture looks increasingly bullish. Five consecutive green candles on the 4-hour chart don’t lie. Volume is picking up too, with $316 million traded in just 24 hours. The MACD shows a mild bullish crossover, while the RSI sits at 35—suggesting this rally might just be getting started. The trading activity has pushed Pi’s market cap to $11.59 billion, positioning it prominently among major cryptocurrencies.
Pi Day is coming up fast. March 14 marks both the mathematical celebration and the project’s 6th anniversary. It’s also the final deadline for users to move their testnet Pi to the operational mainnet. Procrastinators, your time is running out. The extended grace period for migration ends at 8:00am UTC on Pi Day, though technical issues with KYC verification continue to frustrate users. Pi’s move into the large-cap category suggests it may experience greater stability and liquidity compared to smaller cryptocurrencies.
The real catalyst? Binance listing speculation is reaching fever pitch. A massive 87.1% of voters—that’s 202,000 people—supported Pi’s listing on the exchange in voting that concluded February 27. Investors remain optimistic despite Pi’s price temporarily dipping to $152 before strong support levels pushed it back to $170. Yet Binance remains conspicuously silent. Classic.
Pi Network currently ranks 11th by market cap, boasting 65 million active users and nearly 20 million KYC-verified participants. Not too shabby for a project with over 100 dApps in development.
Price predictions are getting wild. Some analysts see $5 as achievable if the current momentum holds, representing a potential 267% upside from current levels. The immediate resistance sits around $1.75-$2.00, but if volume continues increasing, Pi could blast through on its way back to test the $3.00 level.
