**Pi Coin Soars Over 22%, Sparking Excitement for a Potential Leap to $3.14!**
Pi Coin has experienced an impressive surge of over 22%, igniting excitement about a possible climb to $3.14. The strong buying interest and rising trading volume suggest that investor confidence is on the rise. Today, Pi Network’s Pi Coin price has skyrocketed, trading around $1.90 after this explosive rally. The cryptocurrency’s 24-hour trading volume has also jumped by 34.19% to $881.02 million, indicating a surge in market activity. As traders look ahead, Pi is nearing a crucial resistance level at $1.94. The market sentiment is overwhelmingly positive, with nearly 90% of traders feeling bullish. This surge is occurring alongside a significant number of buy orders, as 63.41% of traders continue to purchase despite a notable sell volume of 99.87%. This suggests that while larger investors may be taking profits, smaller traders are actively driving the price higher.
Technical indicators show that Pi Coin is trading close to its 24-hour high, and market participants are keenly watching for a potential breakout above resistance. If successful, this could lead to further upward movement, while a failure to break through may see it retreat to levels between $1.60 and $1.65.
**The Buzz Around Pi Coin’s $3.14 Target**
As Pi Coin approaches its all-time high of $2.10, the market is buzzing with anticipation for a rally toward $3.14. Several factors are contributing to this excitement, including increased trading volumes and more listings on exchanges. Crypto trader Kim H Wong has noted that the trading volume for Pi is significantly higher now compared to its initial public offering, signaling substantial capital inflows. The coin is currently being traded on five major exchanges: OKX, MEXC, Bitget, Gate.io, and Pionex, which is attracting more buyers.
Key factors likely propelling Pi Coin’s price upward in the near term include:
1. Trading volumes are significantly higher compared to when Pi was first listed just two days ago, indicating that substantial capital is entering the market.
2. Traders are drawn to Pi trading due to the noticeable price movements.
Additionally, rumors of a potential listing on Binance are adding to the excitement. Binance currently handles 45% of all centralized exchange (CEX) trades, and a listing there could lead to a significant price spike. A major factor behind its momentum is its structural setup; the formation of a bullish “Cup and Handle” pattern on its chart is often seen as a precursor to a strong upward breakout. If this pattern materializes, it could propel Pi all the way to $3.14 in just a few weeks.
**Key Levels to Watch for a Breakout**
While traders are focused on the $3.14 target, some believe there’s potential for Pi Coin to soar even higher, especially if the bullish momentum continues. Some analysts are even projecting that Pi could reach $10, particularly with significant events like a Binance listing on the horizon. Whether you’re a believer or not, it seems that $PI is on a path to $10. With the market currently bearish and everything else dropping, Pi is poised to hit $2 and is expected to be listed on #Binance by the end of April!
