Here’s Why Pi Network Price Might Hit $5 Soon
Pi Network Price (PI) has been gaining attention as its value increases despite a broader cryptocurrency market downturn. Recently, the price experienced a slight dip. However, a potential Binance listing could trigger a surge, with some analysts predicting the price may hit $5 soon. Let’s Uncover reasons why the PI price could hit $5 soon.
Pi Network Price: What Could Trigger a Surge to $5?
The Pi Network price could experience a significant surge due to two key upcoming events: the potential listing on Binance and the Pi Day announcements on March 14. These developments could serve as crucial catalysts for a price recovery and increased investor interest.
The anticipation surrounding a possible listing on Binance, the world’s largest cryptocurrency exchange, is growing. With Pi Network ranking 11th in market capitalization, a listing on Binance would likely boost liquidity and attract more trading activity.
A successful Binance listing could also pave the way for additional listings on major exchanges like Coinbase and Upbit, increasing the token’s visibility in the U.S. and South Korean markets.
In addition to the Binance listing, Pi Day is expected to bring important updates from the Pi Network development team. These announcements could increase investor confidence and drive renewed enthusiasm for the token. The combination of these events may lead to a favorable shift in market sentiment.
Pi Network’s growing real-world adoption is another factor that could contribute to its price rise. Zito Realty LLC recently announced that it would accept Pi as a payment method, signaling potential commercial use cases for the token. As more businesses follow suit, it could help bolster demand and further legitimize Pi Network.
Moreover, if the broader crypto market sees a recovery, particularly with Bitcoin potentially rallying above $100k, the surge could further fuel Pi’s price.
The growth of other tokens like Ethereum (ETH), Solana (SOL), and others could also have a positive effect. Pi’s status as a U.S.-focused coin could attract attention from American investors, adding to the momentum.
As the market anticipates these developments, investors should stay alert for potential bullish catalysts that could significantly impact Pi’s price in the near future.
PI Price Shows Bullish Potential Gains
The latest PI price is $1.38, a modest increase of 1.5% over the past 24 hours. The current price indicates potential upward movement, holding steady near key support levels. Strong resistance is at the $1.50 mark, which could be a critical point to watch for a breakout.
The MACD shows a mild bullish crossover, signaling potential upward momentum. The MACD line is above the signal line, suggesting that buying pressure might continue in the short term.
The Relative Strength Index (RSI) stands at 35, still within the neutral zone but leaning towards oversold territory.
The PI Network price prediction could target the $3.00 mark if momentum continues, followed by resistance around $4.00.
The price could surge as high as $5.00, reflecting a 267% potential upside from current levels. If the PI token price fails to hold the current support, it may dip further toward the next key support level, around $1.20.
Pi Network Price Chart: TradingView
To sum up, The Pi Network price shows bullish potential, with key upcoming events acting as possible catalysts for a surge to $5. If Binance lists the token and Pi Day brings positive updates, investor interest could increase significantly.
The post Here’s Why Pi Network Price Might Hit $5 Soon appeared first on CoinGape.
Filed under: News - @ March 11, 2025 5:24 pm