Date: Wed, February 26, 2025 | 03:53 AM GMT
Despite the broader bearish trend in the cryptocurrency market, Pi Network (PI) has demonstrated resilience, surging over 6% today and extending its remarkable recovery from its all-time low of $0.60 by more than 150%.
This strength comes amid increased market attention and new exchange listings, which could provide further bullish momentum in the near future.
PI Coin New Listings Updates
On Tuesday, DYDX, a well-known decentralized exchange (DEX) specializing in cryptocurrency derivatives and perpetual contracts, listed Pi Network (PI) on its platform.
In addition to this, DigiFinex, another crypto exchange, has announced today that it is progressing with the KYB (Know Your Business) process with PiCoreTeam. This is a necessary step to enable $PI trading pairs, signaling that the listing could go live soon. More updates are expected in the coming days.
These developments are expected to boost liquidity and accessibility, attracting more traders and investors to the Pi Network ecosystem.
Is an Upside Move Coming?
The 2-hour chart provides valuable insights into PI’s current price action. Initially, PI made a strong recovery from $0.60, forming a Cup and Handle pattern. However, this pattern was invalidated as the price failed to break out. Currently, PI is consolidating within the key resistance zone of $1.43–$1.70, hovering around $1.67 and approaching a potential breakout.
In terms of key levels, the $1.70 resistance is crucial. If buyers manage to break out the price above this level, it could trigger a rally toward $2.30–$2.40, marking a potential 43% increase from current levels. On the downside, $1.43 serves as critical support, and failure to hold above this level could lead to a retracement.
Additionally, the MACD indicator on the 2-hour chart is showing early signs of bullish momentum, with the MACD line crossing above the signal line. This crossover, along with increasing histogram bars, suggests that buying pressure is slowly building up, further increasing the chances of a breakout.
Final Thoughts
With new exchange listings, increasing investor interest, and the potential for a major breakout, PI is at a pivotal point. The next move will likely depend on whether bulls can sustain momentum above key resistance levels.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.