After years of anticipation, Pi Network (PI ($0.74)) has finally entered the external trading market—and its debut has been nothing short of dramatic. On February 20, 2025, PI soared to $3.00, only to plunge to $0.60 as early investors cashed out their holdings.
Despite the initial sell-off, PI has staged an impressive comeback, fueling excitement within the crypto community. With rumours swirling about a potential Binance listing, traders are asking—is Pi Network about to explode?
PI’s Wild Market Debut: A Rollercoaster Start
PI’s first trading days delivered intense volatility. The coin spiked to $3.00 immediately after launching, but early holders quickly took profits, sending prices crashing to $0.60. This rapid decline was expected, given the long wait for external trading.
However, PI quickly rebounded, surging over 120% from its low. It reached $1.70 before stabilizing around $1.00. This 135% one-day surge signals strong demand, with $1.00 now serving as a solid support level after previously acting as resistance.
Community Hype: Will Binance List PI Soon?
Speculation about a Binance listing has fueled PI’s latest rally. Binance recently conducted a Twitter (X) poll, asking users if they wanted PI listed on the exchange. The response? A resounding YES.
Out of 212,285 votes, a massive 86% supported PI’s listing. The poll, which ran from February 17 to February 22, 2025, maintained strong backing throughout, with interest peaking right before closing.
With this overwhelming community demand, Binance could soon add PI to its exchange, potentially boosting trading volume and market exposure.
Technical Analysis: Can it Break Through Resistance?
PI’s 30-minute chart reveals a classic bullish Cup and Handle pattern, often signalling an upcoming breakout. If PI breaks above the $1.70 resistance level with strong volume, it could surge toward $3.00 once again.
For now, $1.00 remains a critical support level. Holding this mark will be essential for maintaining bullish momentum.
Is PI’s Market Cap Too High?
PI’s $10 billion market cap has sparked debate. Given PI’s brief trading history, critics argue that such a high valuation is premature. However, supporters compare PI’s market activity to other high-ranking cryptocurrencies and believe it still has room for further growth.
If the Binance listing materializes, PI’s market cap might not just hold steady—it could climb even higher.
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Pi Network Price Prediction: Key Levels to Watch
- Support Level: $1.00
- Resistance Level: $1.70
- Breakout Target: $3.00
If PI breaks past the $1.70 resistance, it could rally toward $3.00 in a few days. However, failing to hold the $1.00 support might result in a pullback to lower levels.
Conclusion: Is it Gearing Up for a Breakout?
Pi Network’s explosive rally has captured market attention, and with a potential Binance listing on the horizon, the next move could be monumental.
If community support, bullish technical patterns, and exchange exposure align, PI might be headed for a breakout that surprises everyone.
The post Pi Network’s Price Surge: Could a Binance Listing Send PI Coin to New Highs? appeared first on FXcrypto News.
