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$PI Set for Massive Breakout Amidst Bullish Symmetrical TriangleThe long-awaited launch of NASDAQ:PI has ignited excitement in the crypto space. After six years of mining, Pi Coin finally hit the open market last month, and its price action suggests a potential major breakout. With a bullish symmetrical triangle pattern forming and key technical indicators aligning in its favor, NASDAQ:PI is gaining traction among investors and traders alike.
Technical Analysis
Pi Coin is currently trading at $1.66, having surged 22.75% in the last 24 hours. Its 24-hour trading volume stands at an impressive $811,256,445, indicating strong market interest.
Symmetrical Triangle Formation
A symmetrical triangle is often considered a continuation pattern, signaling a potential breakout in the direction of the prior trend. NASDAQ:PI recently broke out of this bullish formation, setting the stage for further upside movement.
The Relative Strength Index (RSI) sits at 62, suggesting increasing buying pressure. An RSI above 70 typically signals overbought conditions, but with room for growth, NASDAQ:PI is positioned for an extended bullish campaign. If buying pressure intensifies, NASDAQ:PI could soon breach the key psychological resistance at $2, with the next pivot point set at $3.
Market Capitalization and Trading Volume
NASDAQ:PI boasts a live market cap of $11.91 billion, with a circulating supply of 7.15 billion coins. Such a high ranking underscores the coin’s growing adoption and market confidence.
Conclusion: What’s Next for Pi Coin?
With strong technical indicators and a solid fundamental foundation, NASDAQ:PI appears well-positioned for continued growth. If the buying momentum sustains, breaking the $2 resistance could open the door for a push towards $3. Meanwhile, its unique approach to mining and real-world adoption potential make it an intriguing project for long-term investors.
$PIUSDT Price Road to $11 Price Prediction 2025 Pi Network News: Can Pi Coin Price Hit $11? Key Levels Revealed, Pi Already Get place 11 of the Market.
Pi Network has gained 6.8% in the past 24 hours, outperforming major cryptocurrencies like Bitcoin (+7.5%), Ethereum (+8.9%), XRP (+11.1%), BNB (+9.8%), and Solana (+7.8%). But that’s not the real surprise.
Since its mainnet launch, PI's price has skyrocketed by an incredible 1,775.77%, while the overall crypto market has dropped by 11% in the same period. That’s a staggering contrast - and a sign that something big is happening.
With PI breaking key resistance levels and speculation about a major exchange listing growing, investors are wondering: How much higher can PI go? Could we see a breakout past $2? Let’s dive in.
💗 Why Is PI’s Price Rising?
Since February 20, PI has gained an incredible 1,775.75%, with a 7.5% jump in just the last 24 hours. This steady rise shows that Pi Network is moving independently of the broader market, maintaining strong momentum.
Key Reasons Behind PI’s Price Rally
Several factors are driving PI’s price increase:
Mainnet Migration Deadline Approaching
Pi Network is reaching its final deadline for users to migrate their holdings. According to a recent blog post from the team, March 17 is the last day to complete the migration. This deadline may be increasing buying pressure as investors prepare for the next phase.
🧡 Potential Binance Listing
Speculation around a Binance listing is another major factor. In a recent Binance community poll, over two-thirds of participants supported listing PI. If Binance or other major exchanges list it, the price could see a significant boost.
US Election Impact on Crypto
Donald Trump’s return to office is bringing a more crypto-friendly stance from the US government, which could benefit projects like Pi Network.
💝 Can PI Break $2.2?
Experts believe that if PI moves past the $2.2 resistance level with strong volume, it could rally toward $11. However, if it fails to break through, selling pressure could push it down to $1.5 Stoploss price area
To maintain its bullish trend, PI needs to hold support above $1.7. The price is currently just 1.11% below the key $2.2 level, making the next few days crucial in determining its next move.
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Pi Network has defied market trends and harsh criticism before, and if history is any guide, this rally might just be getting started.
🩵 Why Is Pi Coin’s Price Rising?
Pi Coin’s price is rising due to increasing exchange interest, migration deadlines, and strong community support, pushing demand higher.
💜 Nano History Will Pi Coin Reach $11?
If Pi breaks the $2 resistance with strong volume, experts predict a rally toward $11. Failure could lead to a drop below $1.5
💛 Is Binance Listing Pi Coin?
Binance has not officially listed Pi yet, but a recent community poll shows strong support, increasing the chances of a future listing.