Pi Network’s price is surging despite widespread market turbulence, as critical exchange listings and migration deadlines fuel renewed investor confidence.
PI Network Posts Profits as CoinMarketCap Listing Nullifies Bearish Headwinds
Pi Network, a mobile-minable cryptocurrency, has long faced challenges due to anti-money laundering (AML) concerns and regulatory roadblocks.
Trading was largely confined to P2P and OTC markets, limiting its mainstream adoption.
However, shifting U.S. regulatory policies under the Trump administration have sparked renewed interest in Pi Network, paving the way for listings on top exchanges like Bitget.
Pi Coin secured a crucial listing on CoinMarketCap on Tuesday, marking a significant milestone for the project.
This development has amplified demand and enhanced visibility, attracting new investors to the network.
At press time, Pi Coin trades above $1.74 with a $12.1 billion market cap, posting a 3% gain.
Notably, PI is the only cryptocurrency among the top 20 to remain in profit amid market-wide liquidations triggered by Trump’s tariffs on Canada and Mexico.
Increased Trader Activity, Nullifies Impact of Market Liquidations Ahead of March 17 Migration Deadline
PI Network is currently undergoing a crucial migration process. Last week, the team confirmed in a blog post that March 17 is the final deadline for users to migrate their holdings. Those who fail to comply risk losing access to a significant portion of their PI assets.
With less than two weeks remaining, network activity has surged. Previously inactive traders are now migrating their coins, driving heightened transaction volumes.
Supporting this trend, PI’s hourly chart shows consistently elevated trading volumes, even as the broader crypto market experienced over $1 billion derivatives positions liquidated following Trump’s tariff confirmation on Monday, according to Coinglass data.
As PI Network navigates this critical transition period, market participants remain watchful of its next major move, particularly with speculation surrounding a Binance listing.
PI Coin Price Forecast: Bulls Eye $10 as Market Momentum Shifts
PI Coin price is consolidating near $1.78, with early signs of a potential breakout as volatility contracts.
The Bollinger Bands are tightening, signaling an impending move, while price action hovers near the mid-band at $1.74.
A decisive push above the upper Bollinger Band resistance at $1.90 could fuel a strong rally toward the psychological $2 level, with extended targets aligning with a bullish breakout scenario toward $10 in the long term.
The Parabolic SAR indicator has flattened, suggesting a shift in trend dynamics.
A confirmed breakout above $1.90 with rising volume could validate bullish momentum, targeting previous swing highs.
Meanwhile, the Bull-Bear Power (BBP) indicator shows a battle between buyers and sellers.
The green zone signals emerging bullish strength, but the broader downtrend remains unbroken unless bulls maintain support above $1.74.
On the bearish side, failure to reclaim $1.90 could trigger renewed selling pressure, with downside risks toward $1.58 and $1.54.
A drop below these levels would expose PI Coin to further weakness, potentially revisiting lower liquidity zones.
However, as long as price stabilizes above key supports and buying pressure builds, bulls may reclaim control and set their sights on higher targets, with $10 remaining a long-term bullish objective.
Frequently Asked Questions (FAQs)
1. What is driving PI Coin’s recent price surge?
2. What happens if users miss the March 17 migration deadline?
3. Could PI Coin reach $10 in the long term?
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