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Cryptocurrency News Articles
Pi (PI) Price Surges 41.97% Ahead of Potential Binance Listing
Feb 28, 2025 at 12:15 am
Pi Coin (PI) is seeing major price action, currently trading at $2.70. This represents a significant 41.97% jump in the last 24 hours.
Pi Coin (PI) is currently showing major price action as it trades at $2.70. This represents a 41.97% increase in the last 24 hours. Previously, the price was at $1.91.
As Pi Coin continues to be affected by the upcoming Binance listing, investors are advised to keep an eye on the critical support and resistance levels. The recent support levels that played a role in the rally were in the $1.90-$2.00 range, which acted as strong support and a base for the price surge.
After a brief dip, Pi found further support around $2.40-$2.50, confirming these levels as reliable backstops. These price zones will likely be important if the coin faces any downturns.
On the other hand, resistance levels are also crucial in determining short-term price action. Recently, Pi hit resistance at $3.00, a price level that it touched before falling back. This incidence suggests that $3.00 is a major hurdle for further upward movement.
Another resistance level at $2.80 has seen multiple rejections, which indicates that it’s a point to watch closely in the coming days. A move above $3.00 could signal continued bullish momentum. However, a drop below $2.40 may point to a potential price decrease.
The recent upward momentum in Pi Coin can be largely attributed to a massive increase in trading volume. In the last 24 hours, the volume has spiked by 293.62%. The current volume is $3.62 billion, showcasing the growing interest in the token. This large volume increase suggests strong investor interest and could signal ongoing bullish behavior.
Despite this, Pi has seen a slight pullback from the $3.00 resistance. It is now stabilizing above the $2.50 level, which hints at a potential consolidation phase before another price surge.
As the final decision on the Binance listing is expected later today, February 27, it remains a key factor to consider for short-term price trends.
The upcoming vote on Binance to list Pi Coin is a game-changer that has investors buzzing. The vote, which started on February 17, has seen a massive response, with the majority of responses so far favoring the listing.
The final decision is expected later today, February 27. Should Binance approve the listing, it would be a powerful catalyst for Pi’s price, possibly pushing it past its resistance levels.
According to Coincodex data, by December 2025, Pi is expected to be trading within the range of $3.85 to $3.89, a 42.41% increase from its current value. This suggests that Pi has the potential for further gains, with investors looking at a profit of nearly 43.39%.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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