Pi Network Price Surges 23% – Is a Breakout to $3.14 on the Horizon?

Sean Williams
pi-network

The Pi Network (PI) price has witnessed a remarkable rally today, soaring over 22% and nearing its all-time high (ATH) of $2.10. With heightened market interest and surging trading volumes, analysts and traders are now eyeing the psychological $3.14 level as the next major milestone.

Pi Network’s Explosive Growth

As of writing, Pi Network is trading at $1.91, marking a 23% jump in value. The trading volume has surged 22% to $826 million, reflecting strong investor interest. The crypto recorded a 24-hour high and low of $1.95 and $1.52, respectively. With momentum on its side, the key question remains: can PI sustain its bullish trend?

What’s Driving the Pi Price Rally?

Several factors are fueling Pi Network’s price surge:

  1. High Trading Volume: Pi’s trading activity has skyrocketed, with increased liquidity and demand supporting the uptrend.
  2. Exchange Listings: Recent listings on major platforms such as OKX, MEXC, Bitget, Gate.io, and Pionex have boosted visibility and accessibility for traders.
  3. Binance Listing Speculation: Rumors of a potential Binance listing have added to the hype, with traders anticipating a further price boost if confirmed.
  4. Technical Breakout: The price chart exhibits a bullish cup-and-handle formation, signaling a continuation of the rally.

Key Resistance and Support Levels

According to crypto analyst Dr. Picoin on X, Pi Network faces a key resistance at $1.90. If the price successfully breaks this level, the next major target is set at $2.20, followed by the highly anticipated $3.14 mark. However, strong support exists at $1.589 and $1.517, meaning a failure to sustain gains could trigger a pullback.

Crypto expert Kim H Wong suggests that if Pi’s bullish momentum continues, breaching $3.14 is a real possibility. The significance of this number—linked to the mathematical constant Pi—adds a psychological factor that could drive traders toward this goal.

However, traders should remain cautious, as 99.87% of the sell volume is controlled by large holders, which could lead to profit-taking and short-term corrections. The next 24 hours will be crucial, with potential consolidation between $1.65 and $1.75 unless a breakout occurs.

Also Read: How to Complete KYC and Secure Your Pi Coins for the Upcoming Pi Network Mainnet Launch

With strong market momentum, rising interest, and speculation of a Binance listing, Pi Network’s price rally appears far from over. If trading volume remains high and bullish sentiment prevails, the cryptocurrency could soon challenge the coveted $3.14 mark. However, resistance at $1.90 remains a key hurdle to watch for in the short term.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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