Pi Coin has taken the crypto world by storm, skyrocketing 80% in the past 24 hours, reaching a new all-time high of $2.99!
The rally comes amid growing speculation that Binance may soon list Pi Network (PI), fueling a massive surge in trading volume, which has now exceeded $3.2 billion, according to crypto.news.
Currently, PI is hovering around $2.95, after bouncing from a low of $1.65 earlier in the day. While the broader crypto market faces a downturn—with Bitcoin slipping below $85,000—Pi Coin continues to defy the trend, drawing attention from traders worldwide.
Technical Outlook: Will Pi Keep Rising?
- Resistance: $3.00
- Support: $2.90
- Momentum: Neutral to slightly bullish
- RSI (14): 55.60 (no overbought/oversold conditions)
Holding above $2.90–$3.00 could push PI to new highs, while a dip below support may trigger bearish pressure.
Pi Network: Booming or Controversial?
Despite its meteoric rise, Pi Network remains highly controversial. Critics, including Bybit CEO Ben Zhou, have labeled it a scam, citing unverified token supply and pyramid scheme allegations. This skepticism has led CoinMarketCap and CoinGecko to exclude PI from official rankings, despite its self-reported market valuation of $17.5 billion.
Binance Listing: The Ultimate Game-Changer?
The biggest catalyst? A Binance listing! The exchange launched a community vote on Feb. 17, asking users if PI should be listed. With the poll closing today (Feb. 27), all eyes are on Binance for a final decision.
If the listing gets approved, expect even more volatility and possibly another explosive price surge!
