Pi Network Token Surges 21% Ahead of Pi Day—Will It Reclaim $2?

Pi Network token (PI) has surged 21.3% in the last 24 hours, fueled by speculation over a Binance listing and Pi Day announcements. With momentum indicators turning bullish, can PI break past $2?

Pi Network Token Rallies 21% as Investors Anticipate Major Developments

Pi Network’s native token (PI) has rebounded after a recent downturn, gaining 21.3% in the past 24 hours to trade at $1.47 at press time. The surge follows mounting speculation over a potential Binance listing and the anticipated Pi Day announcements on March 14.

This date is also critical for KYC completion and the migration of PI holdings from the mobile app to the Mainnet, sparking renewed demand for the token and driving its price higher.

Rising RSI Indicates Strengthening Buying Pressure

The Relative Strength Index (RSI)—a key momentum indicator—shows a steady increase, reflecting strong buying interest in spot markets. At press time, RSI is nearing the 50-center line, suggesting a potential shift from bearish to bullish momentum.

A confirmed move above 50 RSI would further strengthen bullish sentiment, attracting more traders and potentially fueling additional price gains.

Additionally, the Chaikin Money Flow (CMF) indicator, which measures capital inflows and outflows, is currently positive at 0.16. This metric signals that buying pressure is outpacing selling pressure, reinforcing investor confidence in PI.

Can PI Reclaim $2 Amid Renewed Optimism?

Despite recent volatility, PI’s latest rally comes as it attempts to recover from a 19% drop over the past week. Currently, $1.62 serves as a key resistance level, marking a crucial hurdle for further upside.

If bullish momentum continues and buying demand remains strong, a successful breakout above $1.62 could propel PI beyond $2, bringing it closer to its all-time high of $3.

However, profit-taking could invalidate this bullish outlook. If selling pressure resurfaces, PI’s price may resume its downtrend, potentially falling toward $1.34.

With Pi Day and possible exchange listing rumors gaining traction, all eyes are on PI’s next major price move.

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