- Pi Coin has surged by 37% in 24 hours, breaking above $2.50 resistance and fueling speculation of a potential run to $3 or $4.
- Binance’s community vote on listing Pi Coin ends today, with results expected to impact its price action significantly.
- Technical indicators show strong buying pressure, but a failure to hold $2.50 support could trigger a decline toward $2.30 or lower.
Pi Network’s price is surging despite the prevailing bearish sentiment in the broader crypto market. In the last 24 hours, Pi Coin has gained over 37%, bringing its total appreciation since launch to 100%.
The price is at $2.65, leading to speculation on whether it can soon hit $3 or even $4. Rumors of a Binance listing have further fueled interest, as the market awaits confirmation from the exchange.
Pi Coin’s Rally Amid Exchange Listings
Pi Coin’s upward momentum has been driven by several key factors. Multiple major exchange listings have contributed to the price surge. The project’s mainnet launch on February 20, 2025 strengthened investor confidence, unlocking new utilities for the token.
Speculation about a Binance listing has increased. On February 17, Binance initiated a community vote on whether to list Pi Coin. With the majority of respondents in favor, the vote is set to conclude today, February 27. Following the poll results, Binance is expected to announce its decision, which could substantially impact the token’s price action.
Technical Indicators Show Strong Bullish Momentum
Pi Coin has experienced high volatility, with its price fluctuating between $2.6893 and $2.5753 on a one hour timeframe. The bullish trend is intact, with Pi Coin breaking above the $2.50 resistance level.
Key indicators also show strong buying interest. The RSI is at 57.46, with its moving average at 67.21. This suggests that Pi Coin has cooled off from overbought levels but remains in bullish levels. If RSI surpasses 70, short term selling pressure could emerge.
Additionally, the Accumulation/Distribution (A/D) indicator is at 98.23 million, indicating a continued uptrend in buying pressure. A rising A/D line shows that investors are accumulating Pi Coin, supporting the potential for further price appreciation.
Market Outlook and Price Projections
Pi Coin’s trading volume has surged to 2.8 million, reflecting increased investor activity. Strong resistance levels are at $2.80, $3, and $3.50, while support is at $2.50, $2.30, and $2. Holding above $2.50 could enable Pi Coin to challenge the $3 mark soon.
In a bullish scenario, continued buying momentum could push Pi Coin toward the $3–$3.50 range, with a potential test of $4 in an extended rally. However, if selling pressure increases and the $2.50 support level fails, a decline toward $2.30 or even $2 may follow.
Despite its rising valuation, Pi Network remains controversial. Concerns have emerged regarding its circulating supply, with some industry figures, including Bybit CEO Ben Zhou, labeling the project a potential scam. The uncertainty surrounding these claims has not deterred investor interest, but regulatory scrutiny is a possibility as Pi Coin gains momentum.
