The PI price experienced a major spike in the buying volume, which more than doubled to $89.4 million, an 112% rise, highlighting a strong organic demand. With this, the Pi price surged by more than 10%, reaching $0.25, outperforming the broader market. The rise is believed to be fueled by recent upgrades and hype around the upcoming v20.2 protocol, and also a potential listing on one of the biggest exchanges, Kraken.
The PI price rebounded over 80% from the February lows and climbed above $0.24 after Kraken confirmed the listing.
The recent announcement has strengthened market sentiment around Pi Network, helping the price extend its ongoing recovery. Following a steady ascending move, PI has now surpassed the $0.25 level, which marks an important interim trend-reversal zone. Sustaining above this region indicates improving bullish momentum, with buyers attempting to reclaim higher resistance levels.
As observed on the chart, PI has also moved above the 200-day moving average near $0.22, which is now acting as a strong support base. Meanwhile, the RSI has entered the overbought territory, suggesting the rally may experience a short-term cooling phase. However, as long as the price holds above the $0.22–$0.23 support region, the broader structure remains constructive, and the asset may continue consolidating before attempting the next move higher.
Therefore, if the PI price manages to secure the $0.25 level as support, the next immediate target appears around $0.28, which aligns with the next resistance visible on the chart. A sustained breakout above this level could further extend the rally toward the $0.30–$0.32 zone, while a short-term pullback may find support again near the 200-day MA around $0.22.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Bitcoin is pulling back after a strong July, and one analyst says the current dip…
The CLARITY Act may be closer to a Senate floor moment than headlines suggest, but…
The XRP Ledger is preparing for one of its biggest upgrades yet. RippleX will roll…
The Hyperliquid (HYPE) price traded at $52.06 at press time, down nearly 1%, while daily…
The Mantle ecosystem is expanding in a direction that its token price simply isn't reflecting.…
ALGO price has spent most of the past two months on the defensive, sliding roughly…
