- PI token’s price surged 41.92% in 24 hours, driving its market cap to $17.52B and $3.56B in trading volume, highlighting strong market interest.
- Pi’s technical indicators show a strong uptrend, with ADX at 57.7; signaling continued momentum amid potential resistance at $3.5 or $4.
The PI token has seen remarkable growth recently, reaching new all-time highs and surpassing $3 billion in trading volume. With its price surging over 40% in the past 24 hours, PI is now valued at $2.65, marking a 41.92% increase.
This surge has driven its market capitalization to $17.52 billion, with a fully diluted valuation (FDV) of $265.1 billion. The trading volume of $3.56 billion further points out the growing market interest and liquidity surrounding Pi Network’s token.
Pi’s recent price movement has been nothing short of spectacular. In just 24 hours, the token recorded a price increase, surpassing $2.99 for the first time, before stabilizing around $2.6. This hike amounts to a 324.34% increase in trading volume.
At the time of writing, Pi’s market capitalization was $17.52 billion, and the circulating supply was 6.61 billion PI tokens, for a total supply of 10.17 billion PI tokens. Pi faces technical divergence despite the surge, signaling a volatile path ahead.
Market Interest and the Volume Surge
One key factor behind Pi’s performance is the huge market interest, as evidenced by the record-breaking trading volume. With $3.56 billion in transactions over the last 24 hours, Pi has positioned itself as a market leader.
The volume-to-market-cap ratio stands at 20.36%, which reflects strong liquidity and interest in the token. This surge in volume is expected to continue with the possibility of a listing on Binance, which has sparked excitement in the crypto community. A poll on Binance’s platform shows that 86% of users support listing PI, further fueling expectations of additional price gains.
Pi Network’s technical indicators also signal continued strength. The Directional Movement Index (DMI) shows an uptrend, with Pi’s Average Directional Index (ADX) rising to 57.7 from a previous value of 12.3 just one day ago. This sharp increase signals a strong trend and suggests the current price movement will continue.
The ADX is a crucial indicator that measures the strength of a trend, and values above 40 indicate a strong trend. This surge in ADX is complemented by Pi’s Positive Directional Indicator (+DI), which has increased to 40.9, while the Negative Directional Indicator (-DI) has dropped to 1.1.
The Role of Exchange Listings and the Mainnet Launch
Pi’s recent rally fueled key events, including major exchange listings and the mainnet launch. The exchange listings have provided liquidity and increased exposure, further driving Pi’s price upward.
In addition, the successful launch of Pi Network’s mainnet on February 20, 2025, unlocked new utility for the PI token, contributing to its surge of over 300% in less than a week. This mainnet launch has solidified Pi’s place in the crypto ecosystem, giving it a foundation for future growth.
Potential Price Movement and Market Sentiment
As reported in our previous post, Pi’s price could continue its upward trajectory, with resistance levels possibly testing $3.5 or even $4. However, recent technical indicators suggest that the price might experience volatility. As the price approaches these resistance levels, a correction is possible.
If Pi’s price retracts, the first support level to watch would be $1.7, followed by $1.42, and a further potential decline to $0.79 if selling pressure intensifies. While the current trend remains bullish, traders will closely monitor these levels for any signs of reversal.