Pi Network Price Rally: Could Pi Coin Hit $5 by Pi Day?

• Pi Coin surged 23%, reaching $1.67 with strong momentum and volume.
• Analyst predicts Pi Coin could rise to $5 with continued buying pressure.
• Pi Network’s expanding ecosystem and Binance rumors add investor optimism.

Pi Coin (PI), the native cryptocurrency of Pi Network, has seen a significant surge in the last 24 hours, jumping by more than 20%. As Pi Day on March 14 approaches, market anticipation surrounding potential announcements and updates from Pi Network has fueled this rally. Pi Coin trades at $1.62, showing strong momentum and outperforming many other major cryptocurrencies. Analysts speculate that the coin could surge to $5 if momentum continues. The next few days are crucial as investors closely watch for developments and possible catalysts like a Binance listing.

Recent Performance and Market Indicators

Pi Coin’s price has increased by 23%, reaching $1.62, with trading volume soaring by 62%. In the past 24 hours, the coin touched a high of $1.74 before dipping to $1.35, showing typical volatility. Technical analysis suggests that Pi Coin trades near the upper Bollinger Band, which often signals strong buying pressure. Analyst Moon Jeff on X highlighted that Pi Coin’s support level at $1.3 may act as a base for a potential rise to $5.

Pi Network’s expanding ecosystem, which now includes over 100 decentralized applications (dApps), has added to the growing confidence in the coin. Additionally, rumors of Pi Coin’s listing on Binance have fueled speculation about further growth. A Binance listing would significantly boost liquidity and visibility for Pi Coin, potentially driving prices higher.

What’s Next for Pi Network?

According to the CoinCryptonewz report, Pi Network’s growth continues, with over 65 million active users and over 150 million app downloads. Despite challenges with Know Your Customer (KYC) verification, which is necessary to migrate tokens to the mainnet, the community remains optimistic. Experts suggest that Pi Day could be a turning point for the Pi Network. If the team delivers on its promises, including the mainnet transition and other key upgrades, the price could break the $2 resistance level and potentially target $5.

With Pi Coin currently priced at $1.61624, technical levels show short-term support at $1.59 and resistance near $1.80. A breakout above the resistance could push the price toward $2. As the Relative Strength Index (RSI) sits at 56.99, the coin remains neutral, suggesting that price movements could continue in either direction. Investors will closely monitor any announcements from Pi Network or significant exchanges like Binance in the coming days.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.