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Jakarta, Pintu News – The price of Pi Network (PI) recorded a huge surge today, jumping more than 22% at the time of writing (2/26/25).
Moreover, with the crypto near its ATH level of $2.10, market participants are eyeing new milestones for the crypto going forward. Amid the latest market trends and growing enthusiasm for Pi Coin, there is a possibility of a rally towards $3.14.
Pi Network’s price recorded a 22% surge today, trading at $1.91 while its trading volume jumped 22% to $826 million.
Also read: Pi Network (PI) Coin Price Targets New ATH Despite Bearish Crossover!
Specifically, the crypto touched a 24-hour high and low of $1.95 and $1.52, respectively. As the price gets closer to its ATH, market participants are starting to anticipate further upside potential for the token.
However, will the Pi Network sustain this rally, or is a decline on the horizon? Here’s a look at what triggered this surge and what traders can expect next.
Today’s Pi Network price just touched $1.95, reflecting a 22% surge. According to Dr. Picoin, a Pi enthusiast at X, key price levels indicate a fierce battle between buyers and sellers.
The key resistance level for Pi Network’s price is at $1.90, while support levels are at $1.589 and $1.517. If Pi manages to break the resistance, there is likely to be a further spike.
The bullish trend is evident, as 90% of the community remains optimistic. However, with 99.87% of the selling volume dominated by large holders, profit-taking could slow down the momentum.
The next 24 hours will be crucial, with prices likely to consolidate between $1.65 and $1.75 unless a breakout occurs.
Pi Network’s impressive price surge was triggered by several key factors. Firstly, Pi’s trading volume has increased considerably compared to when it first listed, attracting significant capital flows.
Read also: Hamster Kombat Launches ‘Hamster Network’, a Gaming-Focused L2 Blockchain Built on TON!
In addition, Pi’s listing on major platforms such as OKX, MEXC, Bitget, Gate.io, and Pionex also increased the coin’s awareness and accessibility. Speculation about the possibility of listing Pi on Binance also prompted many traders to buy, hoping that the price of Pi would surge higher.
On the technical side, the price chart shows a bullish cup-and-handle formation, which is an important indicator that the price of Pi could continue to rise.
Analysis from Kim H Wong, a crypto analyst, predicts that Pi Network’s bullish momentum could push the price past $2.20, with $3.14 as the next major target.
The number $3.14 has a strong psychological meaning, as it refers to the Pi itself, which can attract traders’ attention.
If trading volumes continue to increase and a listing on Binance materializes, Pi could reach those levels sooner than expected. However, failure to break the resistance at $1.90 could lead to a temporary correction.
Meanwhile, Pi Network’s recent price analysis also shows a similar sentiment. In this context, the analysis suggests that if the bullish momentum holds, the crypto is likely to hit $3 soon.
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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.
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