Pi Network’s Price Soars: Is Binance Listing the Secret Sauce? 🍰

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Ah, the Pi Network, that whimsical little venture, has decided to prance about with a 20% increase just in time for Pi Day, valiantly clinging to a support level of $1.40. How charming! 🎉

In a delightful twist of fate, Pi Network (PI) has surged by 20% in the past day, now trading at a sprightly $1.60. Yet, let us not forget, it remains a staggering 45% below its lofty peak of $2.98 from February. But fear not, dear investors, for it holds steady at the $1.30-$1.40 local support level, buoyed by the impending Pi Day festivities. 🎈

Mark your calendars, for Pi Day on March 14 is not merely a celebration of irrational numbers but a crucial moment for the PI ecosystem. Users must migrate their PI mined on the testnet to the live mainnet, a task to be completed by the rather precise hour of 8:00am UTC on that fateful day. This date also commemorates the sixth anniversary of the project’s grand debut. Alas, our intrepid users are grappling with the KYC verification process, which seems to be as elusive as a cat in a room full of rocking chairs. 🐱

Reminder: The Grace Period requires both KYC and Mainnet migration to be completed by 8:00am UTC on March 14, 2025, to avoid forfeiting most of your Pi other than Pi mined within the rolling window of the last 6 months before your Pi is migrated. Learn more…

— Pi Network (@PiCoreTeam) March 10, 2025

On a brighter note, the PI price has been valiantly holding above the $1.40 local support level for three whole days! It’s even attempting to breach the 21-day EMA, a sign of potential reversal. The 4-hour chart displays five consecutive bullish green candles, each accompanied by a delightful increase in volume. Local resistance hovers around the $1.75 – $2.00 mark. Should the volume continue its merry ascent, we might just see the price testing the higher resistance level at $2. 🎊

And what, you may ask, is the major catalyst behind this price frolic? Why, it appears to be the tantalizing prospect of a listing on Binance! Over 87% of February’s vote participants have cast their lot in favor of listing PI on the Binance spot market. However, the ever-mysterious Binance remains tight-lipped, leaving us all in a state of delightful suspense. 🤔

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2025-03-12 14:42