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PI Coin Surges, Sparking Investor Interest
Cryptocurrency PI Coin Shows Increase in Value: Anticipation of Listing Fueling FOMO (Fear of Missing Out)
PI Coin experienced a 19.5% surge in the past 24 hours, hitting a high of $77.02. This dramatic rise was accompanied by a 40% increase in trading volume, mirroring the broader crypto market rally as Bitcoin held steady at $104,000 and Ethereum at $2,500.
PI's Technical Perspective
PI has breached the 20-day EMA at $0.6291, signaling a bullish trend. The powerful break above the resistance zone between $0.66 and $0.67 indicates robust buying pressure. If PI manages to maintain this level, targets could be within the range of $0.85 to $1.00.
Is a Binance Listing on the Horizon?
Analyst Dr. Altcoin noticed an intriguing change in PI's circulating supply, with a 5 billion increase followed by a decrease. This fluctuation may indicate preparations for a 5 billion liquidity pool, possibly for potential listings on prominent exchanges like Binance, BitMart, or HTX.
Dr. Altcoin predicts that PI's price may hover around the $1 mark until May 14, and an announcement of a positive listing could propel it towards a $2 target by the end of August.
Indicators Show Mixed Signals
The 4-hour PI chart shows the RSI at 78.92, hinting at overbought conditions and the potential for a short-term correction. However, the MACD line is above the signal line, and both are above zero, indicating robust bullish momentum.
Support and Resistance Levels
- First support: $0.6317 (0.236 Fibonacci and 20-day EMA)
- Mid support: $0.6202 (0.382 Fib)
- Strong support: $0.6109 (0.5 Fib)
- Critical support: $0.6016 (0.618 Fib, a breach below this level could signal a significant correction)
In conclusion, while PI Coin is currently experiencing a bullish trend, the RSI being in the overbought region necessitates caution. A looming exchange listing announcement could push the price above the dollar mark.
Pi Network: A Glimpse at Its Journey
Pi Network has already been listed on various major exchanges such as OKX, MEXC, Gate.io, Bitget, BitMart, LBank, KuCoin, Bybit, and XT.com. The coin fluctuates between $0.59 and $1.16 on these platforms. While there's no official Binance listing yet, the strong community support for it is evident [4]. A community vote on Binance earlier in 2025 showed an impressive 88% approval [4].
Pi Network is gearing up for significant announcements at the upcoming Consensus 2025 in Toronto from May 14–16, potentially resulting in VC funding, partnerships, product launches, and increased global recognition, which could lead to a price surge [2].
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- The sudden surge in PI Coin's price, reaching $77.02, was accompanied by a 40% increase in trading volume, potentially signaling a bullish trend in the finance industry.
- The technical analysis suggests that PI has breached the 20-day EMA, which could indicate a potential listing on prominent exchanges like Binance, BitMart, or HTX, as the circulating supply fluctuations hint at preparations for a liquidity pool.
- Dr. Altcoin's prediction is that Pi's price may hover around the $1 mark until May 14, and an official listing announcement could propel it towards a $2 target by the end of August.
- Despite the current bullish trend in PI Coin, the RSI being in the overbought region necessitates caution, as it hints at potential for a short-term correction. Investors are advised to stay updated and make informed decisions based on market signals and technological developments.