PI up 13% ahead of Pi Day, can the rally hold?

Network’s native pi native token continued to rally for the second consecutive day in the midst of the community of the community before the IP day.

According to Crypto.News data, Pi Network (Pi) reached an intraday summit of $ 1.79 on March 13, almost 42% above its lowest point this week. Its market capitalization was based on just over $ 12.2 billion, while its daily commercial volume has doubled compared to the day before, oscillating more than $ 930 million at the time of the editorial staff.

Although the crypto is still down more than 42.5% compared to its summit of $ 2.99 in February, PI recently made a huge jump in the ranking.

Barely a week ago, it was classified below 3,000 in CoinmarketCap, but now it has skyrocketed in 11th place, exceeding the main cryptos like ChainLink (Link), Hedera (Hbar) and Stellar (XLM). Its food in circulation currently amounts to more than 7.13 billion tokens.

Today’s earnings come just a day before Pi Day On March 14, a major event for the PI ecosystem. More specifically, users must complement their KYC verification and migrate their chips extracted on the testnet test to the Mainnet by 8:00 am UTC tomorrow. If they don’t, they may lose the extracted tokens.

However, many users are still struggling with the verification of KYC due to technical problems, which makes it difficult to migrate their PI parts to the Mainnet.

Meanwhile, the date also marks the sixth anniversary of Pi Network since its launch on March 14, 2019, as well as its mobile application and its white paper.

One of the biggest events in the history of Pi Network was its huge airline on February 20, 2025, in parallel with the launch of its Open Mainnet. After the launch, Pi Coin experienced major price oscillations – reaching $ 1.97, falling to $ 0.737 the next day, then bouncing at $ 1.29.

At its peak, the total value of the pi distributed tokens reached $ 13.8 billion. Until now, 7.13 billion tokens have been distributed and 188 million Pi tokens should be unlocked in March, available for more than a million users.

Despite the significant supply of circulation, it is unlikely that the price will be assigned because 63% of Pi tokens are locked for three years, and 14% are locked for a year. This means that most of the unlocked tokens do not strike the market immediately, helping to maintain stable prices.

One of the main catalysts of the current rally to be extended is speculation around a Potential Binance Listing. During a February vote, more than 87% of participants supported the addition of adding PI to the cash market in Binance, but Binance has not yet responded, leaving its uncertain list.

Meanwhile, PI is currently available on major centralized exchanges such as OKX, Mexc, Gate.io and Bitget, among others.

PI price analysis

Technical indicators are favorable to a potential continuation of the PI rise trend.

On the USDT 4 -hour price table, PI was negotiated near the Bollinger upper band, which indicates a strong purchase pressure supplying the upward trend.

With the 78.57% aroat and the aroon downed at 0%. A high value in height suggests new frequent heights, while the absence of low aroma signals a lack of lower influence.

With the strength index relating to 60 years, PI still has room for other gains before it reaches the over -racket levels. However, once he approaches this threshold, he can feel a slight withdrawal before continuing his upward trend.

Consequently, PI is most likely to continue its gathering towards the level of psychological resistance at $ 2, which previously acted as resistance on March 5. A break above this level could propel the higher token, potentially restoring its top of all time.

Market commentators have also made long -term bullish predictions for PI, waiting It reaches $ 4 and beyond in the coming weeks.

Others have speculated on even more ambitious targets, with a member of the community argue This solid community support could bring the price to $ 10.