Despite Broader Market Turbulence, PI Coin Has Managed to Gain Traction, Setting Up Potential for New ATH

PI's recent listing on CoinMarketCap has provided the project with a significant boost in visibility and credibility.

Despite broader market turbulence, PI has managed to gain traction, fueled by increasing investor confidence, a crucial migration deadline, and speculation over a potential Binance listing. The surge has left investors wondering: Can PI Coin finally hit a new ATH?

At the time of writing, PI Coin is trading above $1.74, marking a 3% increase. Notably, it remains one of the few cryptocurrencies in the top 20 to post gains while the wider crypto market has faced substantial liquidations exceeding $1 billion, largely attributed to U.S. tariff policies impacting global trade.

CoinMarketCap Listing Sparks Renewed Interest

PI’s recent listing on CoinMarketCap has provided the project with a significant boost in visibility and credibility. Previously, PI trading was largely limited to peer-to-peer (P2P) and over-the-counter (OTC) markets due to regulatory concerns. However, the listing has driven a surge in trading activity, bringing renewed optimism to the project’s community.

Pi Network’s ranking is updated on CoinMarketCap—PI Coin now ranks as the 11th most valuable cryptocurrency. Source: Pedro Martins via X

“The CoinMarketCap listing has enhanced PI’s market exposure, attracting new investors and potentially paving the way for future exchange listings,” said a market analyst.

Adding to the excitement, rumors of listing on Binance have also strengthened investor sentiment. The Binance community recently polled users and registered very strong sentiment towards a PI listing, if that were to happen, has the potential to enhance the token’s liquidity and access significantly.

Migration Deadline Drives Urgency Among Traders

Pi Network is currently undergoing a crucial transition, with the team confirming that March 14 is the final deadline for users to migrate their holdings. Failure to meet this deadline could result in users losing access to a portion of their PI assets. This impending deadline has led to a noticeable increase in trading activity as previously inactive users rush to complete their migrations.

Pi Network has officially extended the KYC and mainnet migration deadline to March 14, 2025. Source: Omegacarlos via X

“Migration is an essential step for the network’s long-term viability. We are seeing a heightened sense of urgency among traders, which is contributing to PI’s price momentum,” noted a crypto strategist.

Technical Indicators Suggest Potential Breakout

Analysts believe that PI Coin is poised for a major breakout. The Bollinger Bands are tightening, and this indicates a period of low volatility that typically precipitates a large price action. Currently, PI is ranging around the $1.78 area, with the key resistance level around $1.90.

PI must stay above $1.7 and break past $1.90 to sustain its bullish momentum. Source: Subroofficial on TradingView

A break above $1.90 in a decisive way would herald an uptrend bullish rally towards the psychological figure of $2, with possible upside for the long-term target at $10 in case of the persistence of bullish momentum. The flattening Parabolic SAR indicator signals a shift in trend forces, and Bull-Bear Power (BBP) signifies an ongoing fight between buyers and sellers.

But if PI fails to break the resistance at $1.90, higher selling pressure could push prices down to $1.58 or lower. Support at $1.74 is crucial in sustaining the bullish trend.

Can PI Coin Realistically Reach $10?

The question on many investors’ minds is whether PI Coin can reach the ambitious $10 milestone. While such a surge would require significant catalysts, there are several factors that could contribute to PI’s long-term growth:

While $10 remains a long-term goal, short-term movements will largely depend on breaking key resistance levels, sustained trading volumes, and upcoming fundamental developments. With March 14 marking a pivotal deadline and increasing speculation around a Binance listing, PI’s next moves will be closely watched by the crypto community.

Pi Network hits 4 million followers on X. Source: Pi Network via X

Final Thoughts

Pi Network has been strong in the face of a turbulent market, outperforming the majority of conventional cryptocurrencies in the face of ongoing regulatory hurdles. The listing on CoinMarketCap has reinvigorated hopes for the project, while the looming migration deadline is keeping trading volumes high. If technicals catch up with the strong fundamental catalysts, PI Coin could be set for a massive breakout.

While reaching $10 is ambitious, the confluence of community growth, exchange listings, and ecosystem building can push PI closer to this mark in the future. Investors will be watching closely as the crypto community reaches a turning point for a new chapter in Pi Network’s journey.