The post PI Coin Price Surges 726% at Launch—Will It Hit $2 Soon? appeared on BitcoinEthereumNews.com.

Pi Network’s launch was one of the biggest events in the crypto industry last week. On February 20, the day of its official debut, PI’s price surged an incredible 726%. But as early adopters rushed to take profits, the market closed 60.89% below its peak. The next day, the decline continued, with PI falling nearly 18.24%. However, the market quickly rebounded, gaining 115.66% between February 22 and 23. Here’s a closer look at this price action. Pi Network’s Price Surge and Pullback On February 20, PI officially launched, starting the day at $0.105. It soared to $2.203 before dropping to $0.8726 by the end of the day—a sharp 60.89% decline from its high. Analysts believe the initial sell-off was caused by early adopters cashing out their holdings. The selling pressure continued on February 21, pushing PI down from $0.8726 to $0.7173, marking an 18.24% daily loss. Strong Recovery as Bulls Step In On February 22, PI showed its first sign of recovery, recording a 79.18% gain in a single day. Since then, the market has surged about 113.03%. As of now, PI is trading at $1.5318, showing renewed bullish momentum. PI Technical Analysis Suggests Uptrend  Technical analysis points to further price gains. PI’s Relative Strength Index (RSI) on the four-hour chart is at 57.81, indicating strong potential for upward movement. The Balance of Power (BoP) indicator stands at 0.41, supporting the bullish trend. Additionally, PI is trading above an ascending trendline, which signals continued strength. Binance Listing Vote: What Happened? Last week, Binance held a vote asking users if PI should be listed. The results were overwhelmingly positive, with nearly 86% in favor. If Binance lists PI, its price could see a significant jump. Also Read :   Pi Coin’s Skyrocketing Value: What Withdrawal Restrictions Mean for Your Investment  …

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Filed under: News - @ February 24, 2025 1:25 pm