Pi Network Price Up 6% Today (2/26/25): Can PI Coin Reclaim the $2 Level?

Jakarta, Pintu News – The price of Pi Network (PI) has increased by 6% today, February 26, 2025, reaching $1.63. After falling sharply after the mainnet launch, PI coin is now showing strong signs of recovery.

This rise sparked speculation as to whether Pi Coin would be able to reclaim the $2 level, which it had reached before the massive sell-off.

Pi Network Price Rises 6.2% in 24 Hours

As of February 26, 2025, the price of Pi Network has seen significant gains in the last 24 hours, with the current price sitting at $1.63, up about 6.2%. This increase shows a strong bullish sentiment in the market, after the previous few days stabilizing around the price of $1.52 to $1.62.

Read also: Pi Network Price Predicted to Hit $5 in March, What’s Driving the PI Coin Price?

The last 24-hour trading volume reached $462 million, reflecting the high transaction activity and interest from investors. Pi Network’s market capitalization currently stands at $16.33 billion, while the total supply of Pi coins stands at over 10 billion.

Breakout Technique Shows Strong Momentum for PI

Pi Network (PI) is currently testing a consolidation pattern in the form of a triangle, with key support at $1.46 and resistance around $1.79.

Analysts estimate that this trend is wave (iv) in a larger Elliott Wave cycle, so in the event of an upward breakout, it would confirm the start of wave (v). In this case, PI could resume its bullish trend and test new resistance levels at $1.64, $1.72, and even above $1.87.

The market structure remains bullish as long as the PI is above the $1.46 level,” a technical analyst said.

“In the event of a breakout above the upper border of the triangle, it could trigger strong upward momentum.”

The RSI (Relative Strength Index) is currently in a neutral position, indicating that there are no signs of a significant overbought condition.

However, if the bulls fail to sustain this uptrend, a breakdown could occur and take PI towards the 0.618 Fibonacci retracement level of $1.13, which would invalidate the bullish outlook.

Read also: 3 Altcoins that Catch People’s Attention Right Now: Number 1 Soared 140%!

Pi Network Market Resilience Amid Crypto Downturn

PI coin’s strong performance stands out amid the broader market downturn. While major cryptocurrencies such as Bitcoin , Ethereum , and Solana have suffered significant losses, Pi Network has ignored this trend, rising to $1.60 and recording an impressive gain of 158% from its recent low.

This resilience has increased pi Network’s self-reported market capitalization to $10.7 billion, placing it as the 11th largest cryptocurrency.

One of the main factors of this rally seems to be the speculation surrounding a possible listing on Binance. The exchange with over 200 million users is currently polling whether to list PI and has received almost unanimous support from the community.

Listing on Binance is expected to increase market liquidity and exposure, which may encourage other major exchanges such as Coinbase and Kraken to also list PIs.

In addition, the upcoming Know Your Customer (KYC) grace period deadline on February 28 has fueled demand. Starting from that date, only PI coins mined in the last six months will be eligible for migration to the mainnet, limiting supply and potentially driving further price appreciation.

Will Pi Network Reclaim the $2 Level?

As Pi Network grew in popularity, analysts began to predict a possible return to the $2 level. The coin had previously skyrocketed to as high as $2 before experiencing a sharp sell-off, dropping as low as $0.61.

Also read: 5 Free Crypto Airdrops the Community is Looking Forward to at the End of February 2025!

However, the PI has bounced back quickly and technical projections point to further upside potential.

Prediction sites such as CoinCodex project PI to increase by 20-25% through the end of February, with some predicting prices to reach $2.20 by mid-March.

If the price manages to break the key resistance level at $1.67, it will confirm this bullish view and pave the way for further gains.

However, there are still doubts. Bybit’s CEO, Ben Zhou, has questioned the legitimacy of Pi Network, given its past regulatory issues in China. Pi Network has refuted these claims, emphasizing its six-year track record and strong community support with over 60 million registered users.

Despite the doubts, PI is still traded on major exchanges such as OKX, HTX, Bitget, and Gate.io, which supports investors’ confidence. If this momentum continues and a listing on Binance occurs, PI could experience further gains, possibly even surpassing its previous highs.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Brave New Coin. Pi Network News: Symmetrical Triangle Breakout Signals Major Upside Potential for Pi Coin. Accessed on February 26, 2025