Pi Network Price on the Verge of a Breakout – Will It Smash Through $5? Latest Analysis Inside!

Jakarta, Pintu News – While the crypto market is experiencing extreme bearish pressure, the price of Pi Network (PI) is showing incredible resilience. In the last 24 hours (2/27/25), the price of PI has skyrocketed by more than 40%, increasing its total gains since launch to 352%.

This significant spike sparked speculation among investors, with many wondering if Pi Coin was able to break the $5 level this week, especially amid rumors of a potential listing on Binance.

Pi Network Price Skyrockets 40% – Can Pi Coin Break $5 in the Midst of Listing on an Exchange?

Pi Network recorded an outstanding performance this week, outpacing the overall crypto market trend after briefly surging 40% and trading at $2.69 on February 27, 2025.

Within six days, the newly launched token had gained more than 352%, even reaching an all-time high of $2.99 on February 27, 2025. This happened despite the level of fear in the crypto market dropping to its lowest level since 2022.

Read also: Pi Network Breaks Records! Check Today’s Price in Rupiah (Feb 28, 2025)

Pi Coin’s rapid rise has been driven by several factors, one of which is its listing on major exchanges. PI’s listing on several major exchanges has increased market interest, with trading volume in the last 24 hours surpassing $3 billion.

In the coming days, these trading volumes are expected to surge even higher, especially as rumors of listing on Binance grow stronger.

Currently, Binance is holding a poll regarding whether Pi Coin should be listed on its platform. The poll will close today, with the provisional results showing 86% of Binance users are in favor of listing PI.

Listing on Binance often gives a big boost to new tokens. Therefore, many analysts predict that the price of Pi Network could shoot past $5 (IDR 82,893) in the near future.

In addition to support from crypto exchanges, the successful launch of the Pi Network mainnet on February 20, 2025 was also a major catalyst for the price increase. This mainnet activation opened up the utility for Pi Coin, which drove a rally of over 300% in just under a week.

Pi Network Token Analysis – Is a Breakout to $5 Imminent?

Reporting from Coingape (2/27/25), the price of Pi Network (PI) has the potential to break $5, following the previous movement pattern where each price rally brought this token towards the 161.8% Fibonacci level.

If buying pressure remains strong and the price of PI continues to rise, then the token could cross the psychological $3 level and head towards the 161.8% Fibonacci level at $3.69. Furthermore, if the bullish momentum continues – mainly driven by positive catalysts such as a potential listing on Binance – then PI could experience a breakout towards the 261.8% Fibonacci level at $4.84, which could then pave the way towards $5.

However, if this rally loses momentum, Pi Network prices are at risk of a pullback, with the next key support level being at the 50% Fibonacci level of $2.40.

Read also: 3 Cryptos that Whales Are Hunting While the Market Plummets!

Since its launch, Pi Network’s price has soared by more than 350%, fueled by the successful launch of the mainnet and listing on major exchanges. Now, speculation about a listing on Binance has intensified, after community poll results showed that the majority of users support the presence of Pi Coin on the platform.

With this combination of bullish factors and strong technical signals on Pi Coin’s chart, the chances of reaching $5 in the near future are growing.

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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:

• Coingape. Can Pi Network Price Hit $5 as Pi Coin Value Soars 40% Amid Binance Listing Rumors. Accessed on February 28, 2025