Pi Coin, the native cryptocurrency of the Pi Network, has witnessed a substantial surge in value over the last 24 hours, with a notable 20% price increase.
As of March 13, 2025, Pi Coin (PI) is trading at approximately $1.70, marking a significant rise in value. The coin’s market capitalization now stands at $12.816 billion, with a 24-hour trading volume reaching $819.5 million.
One key event fueling the growing interest in Pi Coin is Pi Day, set for March 14, 2025, which celebrates the sixth anniversary of the Pi Network’s launch. This milestone marks not only the launch of the Pi Network’s mobile app and whitepaper but also a crucial deadline for users to complete the Know Your Customer (KYC) verification process and migrate their tokens to the mainnet by 8:00 AM UTC. Failure to meet this deadline could result in the loss of tokens mined over the past six months.
Although Pi Coin’s recent uptick has generated enthusiasm, the coin is still far from its all-time high of $2.98, reached earlier in February 2025. Analysts point to speculations about a potential listing on Binance as a key factor driving the coin’s future growth.
Pi Coin’s Technical Indicators Show Strong Momentum
The recent price action of Pi Coin has been largely bullish, with five consecutive days of rising green candles on the chart, accompanied by increasing trading volume. The next resistance levels are pegged around $1.75 and $2.00, and if trading volume continues to rise, PI could test these levels in the short term.
In a survey conducted in February, over 87% of Pi Network users voted in favor of listing Pi Coin on Binance’s spot market. However, Binance has yet to confirm any official stance on the matter, leaving the community waiting for an announcement that could propel PI’s price higher.
Traders remain cautious, as they await definitive signals from Binance. A listing on the exchange could trigger a dramatic increase in price and boost adoption, giving Pi Coin a broader market reach.
Technical analysis further supports a positive outlook for PI. The Moving Average Convergence Divergence (MACD) indicator signals increased buying momentum, while the Relative Strength Index (RSI) of 35 suggests that Pi Coin is nearing oversold conditions, potentially positioning it for a price rebound.
Potential for Continued Growth or Reversal
Looking ahead, if bullish momentum persists, Pi Coin may target price levels of $3 to $4, with the possibility of reaching $5, representing a potential increase of 267%. However, should the coin fail to maintain its current support levels, a correction towards $1.20 could occur.
As the Pi Network community eagerly anticipates further developments, including the highly anticipated Pi Day event and any news from Binance, Pi Coin’s short-term trajectory will depend heavily on the market’s reaction to these factors.
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