Jakarta, Pintu News – Anticipation of a possible listing on the HTX exchange has caused Pi Network’s price to experience volatility. If the listing announcement does happen, the token could potentially rise and try to break the $5 price.
Meanwhile, Binance and Bybit appear to be delaying the listing of Pi Coin, but other exchanges such as OKX and Bitget are wasting no time.
As of April 28, 2025, the price of PI was sitting at $0.61, having decreased by 3.42% in the last 24 hours. Meanwhile, trading volume jumped 27% to $68 million, based on data from CoinMarketCap.
Speculation is heating up in the Pi Network community that traders on HTX – one of the largest exchanges with an average daily trading volume of around $1.7 billion – will soon be able to trade PI tokens. This listing could potentially drive a spike in Pi Network’s price and begin the journey towards the $5 target.
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This rumor began to develop after several posts on the X platform from the HTX account featured the Pi Network logo in various situations. These posts led the community to speculate that HTX was signaling that the token would be launched soon, prompting optimistic Pi Network price predictions.
In general, listing on exchanges often has a positive impact on the price of new tokens like Pi Coin, so many traders are starting to prepare their positions for a potential upward trend.
In addition, after Pi Network is officially listed on HTX, this momentum is likely to be followed by other major trading platforms such as Binance and Coinbase.
Therefore, a price spike to $5 is possible in the near future. With a circulating supply of around 7 billion tokens, Pi Network could reach a market capitalization of $35 billion – a figure that is considered realistic.
Popular analyst, Dr. Altcoin, also noted that in addition to potential listings on exchanges, the Consensus 2025 event as well as the expiration of Pi Network’s token lockdown in mid-May will be additional drivers for price increases. This reinforces the belief that PI has started its journey towards $5.
The Pi Network price is currently under considerable selling pressure, as seen from the RSI indicator which continues to fall and has printed a new low, falling to 30.
As long as the RSI line continues to point downwards, PIs are expected to face pressure that hinders price recovery in the short term.
Historically, however, oversold RSI conditions have often been the harbinger of a major rise in the Pi Network’s price, as traders usually take advantage of these price drops to buy.
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If this pattern repeats itself, then there is a possibility that an uptrend is imminent. Initial confirmation will be seen if PI manages to break the resistance level at $0.63, which could potentially trigger a further rally of 16% to reach $0.73.
Overall, the Pi Network price may have started its journey towards $5, as speculation increases that the HTX exchange will soon list the token.
While traders await the news, the RSI on the four-hour chart for PI could potentially recover from its current oversold state and push prices up to $0.73 or even to $1.
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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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