Why Is PI Coin Surging? Could a Binance Listing Be Next?

Bittime - Pi Network (PI) has stolen attention again after experiencing a drastic price jump of 75% in 24 hours. With a self-proclaimed market cap of $19.23 billion, PI even surpassed several large crypto assets such as Chainlink (LINK), Litecoin (LTC), and Sui (SUI).

However, this data is still awaiting verification from CoinMarketCap, so there is still uncertainty regarding the actual valuation. Amidst the growing speculation, what is the reason why the price of PI coin is increasing? Let's see the analysis!

What Makes PI Prices Rise Sharply?

One of the main factors causing the price of PI coin to rise is the launch of Open Network—a major update that has been long awaited. 

With this feature, the Pi Network community known as Pioneers can now integrate the Pi ecosystem with other networks, opening up more real-world usage opportunities.

However, the biggest factor driving market optimism is the possible listing of PI on Binance, the world's largest crypto exchange. A community poll on Binance showed that 86% of users favored having PI listed on the platform immediately.

If this listing does occur, demand for PI could potentially spike sharply, which would likely push the price of this token higher.

At the time of writing, the price of 1 PI network is $2.59, down 39% in the last 24 hours. 

Also read: 

Pi Network Mainnet: Definition, Impact and Advantages

Pi Network (PI) Price Prediction: Will It Break $2 Before March? 

Analyst Prediction: Will PI Price Hit $10?

Crypto analyst “GEM HUNTER” predicts that PI could reach $10 soon, especially if the listing on Binance actually materializes.

Currently, even though the crypto market is still in a bearish condition, the PI is approaching $2 and is predicted to reach $5 before the end of April.

From a technical perspective, bullish indications are getting stronger. According to analyst “CryptoBusy” at This breakout is a signal that the PI still has the potential to continue to rise.

Also read:

Why is Pi Network Trending? Apparently these are the 5 advantages 

How to Send Pi Network Coins to Crypto Exchanges: A Guide for Beginners

Technical Analysis: Bullish Signals and Potential Correction

Although the PI's upward trend appears strong, several technical indicators suggest that a short-term correction may occur before the price resumes its upward movement.

The RSI (Relative Strength Index) at 90.88 indicates that the PI is in overbought conditions, so a correction is likely before the next rally.

MACD (Moving Average Convergence Divergence) is still bullish, with the MACD line above the signal line, indicating strong buying momentum.

Bollinger Bands (BB) are showing a spike in volatility, with the PI having broken through the upper resistance level at $2.41, which usually signals a potential pullback before resuming gains.

Key support levels are at $1.85 and $1.29, which could be a bounce point for the PI before its next rally.

What Will Happen Next?

If Binance does confirm PI's listing, the price could potentially surge higher, with a short-term target of $5 before the end of April. However, with the RSI showing overbought conditions, it is likely that the market will experience a small correction before resuming its uptrend.

For investors and traders, monitoring official announcements from Binance as well as price movements at support and resistance levels are important steps before making investment decisions.

Will PI actually reach $10 as predicted, or will it experience a retracement first? What is clear is that currently the euphoria for this token is reaching its peak.

Conclusion

Pi Network (PI) recently experienced a significant price surge of 54.47%, with its token value rising to $2.42. This increase was driven by the launch of Open Network, which increased user connectivity, as well as rumors of a possible listing on Binance, where 86% of users chose to have PI listed on the platform.

Analysts estimate that if this listing occurs, the PI price could exceed $5 before the end of April.

FAQ

1. What is Pi Network?

Pi Network is a cryptocurrency project developed by Stanford graduates, which allows users to mine crypto via mobile applications without the need for energy-consuming hardware.

2. How to mine or earn Pi?

Users can mine Pi by downloading the Pi Network app and making daily claims. Income can be increased by inviting friends, forming security circles, and interacting with applications in the Pi ecosystem.

3. Is Pi Network safe or scam? 

Pi Network security is still a topic of debate. Despite having a large and active user community, some critics question the legitimacy of the project as the Pi coin cannot yet be traded publicly and its monetary value has not been determined. However, the development team stated its commitment to transparency and continuous development. 

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Reference

Coinspeaker, Pi Network Token Skyrockets 54% as Binance Listing Rumors Intensify, diakses pada 27 Februari 2025

CoinMarketCap, Pi Network, accessed on February 27, 2025

Author: RC