Pi Network is making waves in the crypto market, soaring 20% in a single day as excitement builds ahead of Pi Day (March 14). Currently trading at $1.60, the price remains 45% below its all-time high of $2.98 (set in February), yet it’s showing strong support around the $1.30-$1.40 range.
What’s Driving the Surge?
Pi Day Catalyst – March 14 isn’t just any day for Pi Network; it marks the 6th anniversary of the project’s launch and the deadline for mainnet migration. Users must transfer their mined PI from the testnet to the operational mainnet before 8:00 AM UTC.
KYC Challenges – While the migration is crucial, many users are still struggling with KYC verification, causing delays in moving their tokens. Despite these hurdles, Pi’s price has held strong above $1.40 for three days straight.
Technical Momentum – The 21-day Exponential Moving Average (EMA) has been breached, signaling a potential trend reversal. The 4-hour chart is flashing five consecutive bullish candles with rising volume, hinting at a move toward $1.75 – $2.00 resistance levels. If volume continues increasing, a breakout past $2 could be on the cards.
Binance Listing Buzz – The biggest potential game-changer? A Binance listing. Over 87% of February poll participants voted in favor of adding PI to Binance’s spot market. However, Binance has remained silent on the matter, keeping the market on edge.
What’s Next for PI?
- Holding support at $1.40
- Resistance ahead at $1.75 – $2.00
- Potential breakout if Binance confirms listing
With momentum building and Pi Day just around the corner, all eyes are on whether PI can push through resistance and reclaim its former highs.
