Pi Network Token Surges 54% Amid Binance Listing Speculation
The Pi Network (PI) token has surged 54.47% in the last 24 hours, currently trading at $2.42. Key metrics include:
- Self-reported market cap: $15.91 billion
- Trading volume: $1.54 billion
- Surpassed major cryptocurrencies like Chainlink, Litecoin, and Sui
CoinMarketCap has not verified these figures, introducing uncertainty.
Open Network Launch
The surge follows the launch of the Open Network, allowing users to connect with external systems and utilize Pi's ecosystem. Additionally, over 86% of Binance community voters support listing PI on the exchange, which could drive demand and further price increases.
Price Predictions
Crypto influencer "GEM HUNTER" predicts PI may reach $10 post-Binance listing, projecting a rise to $5 by the end of April while the overall crypto market remains bearish.
Technical Analysis
The RSI for PI indicates extreme overbought conditions at 90.88, suggesting a potential pullback. The MACD shows strong bullish momentum. Key resistance levels include:
- $2.41 (upper Bollinger Band)
- $1.85
- $1.29
A breakout from a symmetrical triangle pattern has been confirmed, signaling bullish continuation.
Source: TradingView