- Pi Coin has surged over 22%, fueling speculation about a potential run to $3.14.
- Strong buy interest and increasing trading volume indicate growing investor confidence.
Pi Network’s Pi Coin price has seen an explosive rally today, surging over 22% to trade around $1.90. The cryptocurrency’s 24-hour trading volume has also spiked 34.19% to $881.02 million, reflecting heightened market activity. As traders anticipate the next move, Pi is now approaching a key resistance level at $1.94.
The market sentiment is highly bullish, as nearly 90% of traders have a bullish sentiment. The spike is occurring in the face of mounting buy orders, as 63.41% of traders continue buying despite a resounding sell volume of 99.87%. This shows that, quite possibly, whales are taking profits, though smaller traders continue pushing the price upward.
Technical levels have been showing Pi Coin trading in proximity to its 24-hour high, and market operators are closely monitoring a potential breakout above resistance. Success here can see it continue upward, while a breakdown can see it drop back towards levels of between $1.60 and $1.65.
The Hype Around Pi Coin’s $3.14 Target
While Pi Coin is nearing its all-time high of $2.10, the market is highly anticipating a rally toward $3.14. Several factors are driving this, such as an increase in trading volumes and more listings on exchanges.
Crypto trader Kim H Wong noticed that the trading volume for Pi is much greater now compared to when it first went public, which is a signal of substantial capital flows. The coin is now being exchanged on five major exchanges, OKX, MEXC, Bitget, Gate.io, and Pionex, which is serving to pull in additional purchasers.
Factors that are likely driving Pi coin price up big in the near term:
1. Trading volumes are much higher compare with when Pi was first listed 2 days ago. This is indicative of big capitals are coming in.
2. Traders are drawn to Pi trading because they see huge move on price… pic.twitter.com/cIverEa57l— Kim H Wong (@Time_and_Trade) February 23, 2025
Additionally, there is a rumor of a listing on Binance, which is fueling more enthusiasm. Binance is currently processing 45% of all centralized exchange (CEX) trades, and a listing there can provide a huge spike in its price.
A major contributor to its momentum is its structural set-up. The shape of a bullish “Cup and Handle” on its chart is traditionally a precursor of a strong upward breakout. If this shape develops, it can take Pi all the way to $3.14 in a matter of a few weeks.
Key Levels to Watch for a Breakout
While traders have been eyeing the $3.14 goal, others think there is room for Pi Coin to go even further, given a continuation of bullish momentum. Some analysts project that Pi can reach $10, given major events such as a listing on Binance.
Like or not $PI is going to 10$.
Everything dumped, market is bearish, pi about to hit 2$, about to be listed on #binance by the end of the april $PI will trade above 5$. Maybe at 10$
Save this post. Thank me later. #Picoin #PiNetwork $BTC $ETH $XRP pic.twitter.com/PC80glJaSk
— GEM HUNTER 💎 (@TrueGemHunter) February 26, 2025
Following CoinCodex’s latest projections, it is estimated that the price of Pi Coin is set to increase by 228.33%, reaching a possible figure of $5.26 in March 2025. This is based on a blend of technical signals and market trends.
While today’s reading of extreme fear on the Fear & Greed Index is 25, sentiment is nonetheless bullish, which suggests there is a large amount of confidence in Pi Coin. If it is able to break above $2.20 in the short term, its subsequent major resistances are in levels of $3.14 and $5.26.
A decisive breakout above these levels can fuel additional debate on whether in the future it can surpass a double figure. However, market sentiment, the attitude of investors, and broader crypto trends shall play a decisive role in determining its direction.