Pi Network (PI) Price Breaks Key Resistance at $0.74, Rallying 80% From Its April Low

After a more than 80% rally from its lowest level in April, Pi Network's price is displaying signs of hitting bottom.

Pi Network’s token has seen a more than 80% rally from its lowest level in April. The token currently trades at $0.7494 as buyers are investing in the coin. This price is its highest since March 31.

The Pi coin’s price gains are notable given the steadiness in the broader crypto market following the current trade wars between the US and other nations, particularly China. The top 10 cryptocurrencies have recorded marginal price increases in the last 24 hours.

Among them, XRP noted the highest gain with a 2.5% to trade at $2.18. It is followed by a 2.1% gain from Tron’s TRX, which trades at $0.253, according to CoinGecko data.

Top 10 crypto gains. Source: CoinGecko

Investors Eye Binance Listing and Burn Mechanism

Industry players are confident that the US fed will take the necessary steps to help the economy adjust to the president’s tariff initiatives. Speaking with the Financial Times, Susan Collins (Boston Fed chief) stated that the bank has already made preparations to enable it to step in and help the economy.

Pi Network’s price is up again after dropping 86% from its peak price of $2.81 two months ago. Buyers consider the coin’s current price a bargain.

Many community members are also positive that the leading crypto platforms will list the token before the end of the year. One of these platforms will most likely be Binance.

Its ecosystem approved the listing of the Pi Network’s native token two months ago. Upbit, Coinbase, and Kraken are other tier-1 exchanges that could list the Pi coin as well.

Most of these platforms will want their share of the trading fees that OKX and MEXC are already enjoying. The network’s team launch of a burning mechanism is another factor that could cause an increase in the price of the Pi coin.

This mechanism will help reduce the effects of the current mining rewards and token unlocks.

Pi Network’s Price Breaks Key Resistance at $0.74

Based on the 4-hour chart, Pi coin's price is up again, crossing the crucial resistance level of $0.7400. The MACD line (blue) crossing over the signal line (orange) signals bullishness.

Also, the green histogram bars, which are increasing in height, further confirm the bullish sentiment. In addition, the relative strength index (RSI) of 64.41, which suggests rising buying pressure, is another bullish sign.

If the buying pressure continues and the token reaches its next key resistance level of $1.737, it would represent a 135% increase from its current level.

4-hour chart. Source: TradingView