Pi Network’s price is defying the extreme bearishness in the cryptocurrency market, surging by over 40% in the last 24 hours and bringing its total gains since launch to 352%. This remarkable rally has ignited speculation on whether Pi Coin can hit $5 this week, fueled by rumours of a Binance listing.
Pi Coin, the newly launched token, reached an all-time high of $2.99 since listing yesterday, even as crypto market fear dropped to levels not seen since 2022. The question now is: Can Pi Coin sustain this momentum, or will it face a sharp correction?
Pi Coin Chart Analysis – Key Levels to Watch
- Resistance Levels:
- 2.9770 – Recent high; a breakout could pave the way for more gains.
- 3.50 – 5.00 (Psychological Zone) – Bullish target if hype sustains.
- Support Levels:
- 2.5000 – Strong immediate support; holding above this level is key for continuation.
- 2.3350 – Next major support; a breakdown here could lead to a deeper correction.
- 2.0478 – 1.6930 – Key demand zones that could attract buyers if a pullback extends.
What’s Driving Pi Coin’s Rally?
The surge in Pi Coin’s value was fueled by speculation about its listing on Binance and the recent launch of the Pi Network mainnet. With 86% of Binance users supporting a listing, enthusiasm is unprecedented, and confirmation might drive Pi Coin above $5.
Trading volumes have surged beyond $3 billion, bolstering the momentum and attracting more investors keen to take advantage of the trend. In the meantime, the successful launch of the Pi Network mainnet on February 20, 2025, demonstrates that Pi Coin is not merely another speculative token. These elements have converged to spark a 352% surge.
Can Pi Coin Hit $5?
Pi Coin’s price action suggests that a breakout toward $5 remains possible if buying momentum holds. If Pi Coin clears the $3 psychological level, it could gain enough traction to set the stage for a run toward $5—especially if a Binance listing confirmation fuels demand. However, if the rally loses steam, Pi Coin may face a retracement, with $2.40 as the next key support level.
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