Pi Network has taken the cryptocurrency market by storm, with its token now trading at $1.35, marking a dramatic 44.63% increase. This surge is not just a fleeting moment; Pi’s trading volume has also spiked, with a 172.05% rise to $1.31 billion in the last 24 hours. Over the past week, the price has been climbing steadily, reaching $1.37, up 132.24%. These numbers are a clear indication that Pi Network is making a powerful comeback.
The bullish momentum behind the token’s rise is driven by strong technical indicators. Analysts are noting that Pi is in “price discovery mode,” breaking its all-time highs and showing explosive growth. RSI on extreme levels proves the spike is a result of real buying pressure and not speculation. However, experts urge caution, as the market’s overbought conditions suggest that the price may face some pullbacks in the near future.
Managing Risk in Pi Network’s Bullish Market
From a technical standpoint, Pi Network is exhibiting a robust upward trend. The MACD has crossed above the signal line, confirming the continuation of the bullish trend. The Bollinger Bands’ width of 134.93% signals high volatility, and with the ADX at 100, the trend strength is undeniable. This indicates that Pi’s price action is far from weak, but the market’s rapid ascent raises concerns about sustainability.
Moreover, traders are advised to monitor key support and resistance levels closely. The immediate resistance lies at $1.79, followed by the $2 mark, where profit-taking could occur. On the downside, the $1.26 support level is crucial for avoiding larger corrections. Given the extreme momentum, trading strategies should include partial profit-taking, tight stop losses, and a wait for pullbacks to lower levels for safer re-entry.
Pi Network’s Binance listing rumors
The Pi Network community has been abuzz with rumors about the token’s potential listing on Binance, one of the world’s largest cryptocurrency exchanges. Just days ago, Pi’s official channel teased an important announcement, fueling speculation. While some believe this could be related to Pi Network’s upcoming appearance at the 2025 Consensus conference, others are more focused on the possibility of Binance listing Pi.
Futhermore, following the community vote by Binance a few months ago, the hype escalated as the vote in favor of listing Pi turned out to be completely overwhelming. The exchange has since signaled testing the deposits and withdrawals of Pi, which has fuelled speculation even further. In case of a confirmation of the listing, it could prove to be a massive catalyst of price increase, but experts caution against the “buy the rumor, sell the news” phenomenon dampening the rally.
