Date: Wed, February 26, 2025 | 01:01 PM GMT
Despite the overall downturn in the cryptocurrency market, Pi Network (PI) has displayed remarkable bullish performance, soaring over 32% today. This surge has further fueled its strong rebound from its all-time low of $0.60, bringing its total recovery to over 229%.
Key Breakout Sparks Rally
Today’s bullish move was triggered by a key breakout as PI successfully moved above a crucial resistance zone, which has now flipped into strong support (marked in the red area on the chart). The breakout occurred at the $1.70 level, where PI overcame selling pressure and surged to its current price of $2.14.
If bullish momentum continues, PI could approach psychological resistance levels between $2.30 and $2.40. However, in case of a pullback, the $1.70 support zone will be critical for maintaining the uptrend.
Could This Crucial Factor Trigger a Move to $3.14?
One of the biggest catalysts that the PI community is eagerly anticipating is a potential Binance listing. Binance recently launched a community vote regarding the listing of PI, which received overwhelming support—86% of participants have already voted in favor of the listing.
The voting period is set to close tomorrow, February 27, and all eyes are on Binance’s final decision. If Binance announces the listing of PI, it could serve as the key catalyst to push the price toward the symbolic $3.14 level, aligning with the mathematical constant Pi. However, if market sentiment remains bullish, PI could potentially surge beyond this level.
While speculation continues, traders and investors should closely monitor Binance’s announcement and overall market trends.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.