Pi Network price hikes 20% ahead of PI day, buoyed by potential Binance listing

Pi Network is up 20% before Pi Day, holding support at $ 1.40.

Pi network (Pi) jumped 20% in the last day, currently negotiating at $ 1.60, although it is still down more than 45% compared to its summit of $ 2.98 reached in February. However, it is stable at $ 1.30 at $ 1.40 of local level of support, reinforced by the day of the approaching IP.

Pi Day, which falls on March 14, marks an important event for the Pi ecosystem. Specifically, users are required to move their mine Mainnet. The main migration must be completed at 8:00 a.m. UTC on March 14, in accordance with The deadline for the prolonged grace period. This date too marks The 6th anniversary of the official launch of the project. However, users are always face difficulties With the KYC verification required to migrate their Pi parts to the Mainnet due to technical problems.

On the right side, Pi Price has more than $ 1.4 the local support level for 3 days now. It also grows now above the 21-day EMA, showing a potential reversal attempt. On the 4 -hour table, the price printed 5 consecutive and increasingly optimistic green candles, which were accompanied by an increasingly high volume. Local resistance is about $ 1.75 to $ 2.00. If the volume continues to increase, the price can test the higher resistance level to $ 2.

The major catalyst seems to be Potential list on binanceWhile more than 87% of the February vote, the participants voted by scoring Pi on the Binance points market. That being said, there is an uncertainty if the list will occur because the binance has been silent.