- After an 80% rebound, Pi Coin’s price signals a potential breakout with bullish indicators and major exchange listing hopes.
Pi Network (PI) is back in the spotlight after an impressive rally of over 80% from its April lows, breaking past the critical $0.74 resistance level. Currently trading at $0.7494, Pi Coin is showing strong signs of a bottom formation.
Read: Pi Network’s 80% Rally Sparks Hopes for a Major Breakout Toward $1.77
Pi Network Gains Traction Amid Market Calm
While the broader crypto market remains relatively flat amid global trade tensions, particularly between the U.S. and China. Pi Network has emerged as one of the top performers. Its recent surge stands in contrast to more modest gains among major cryptocurrencies. Notably, XRP has climbed 2.5% to $2.18, with TRX following at $0.253, a 2.1% rise, according to CoinGecko data.
Bullish Indicators and Technical Setup
Technical indicators suggest Pi Network’s bullish momentum is far from over. A decisive MACD crossover, rising RSI at 64.41, and strengthening histogram bars on the 4-hour chart all point toward continued upside potential. If the current momentum persists, Pi could climb toward its next key resistance at $1.737. This would mark a projected gain of 135%.
Binance and Burn Mechanism Fuel the Rally
Investor sentiment is also being lifted by growing speculation that Pi Network could soon land listings on major crypto exchanges. With Binance rumored to be considering a listing, and Upbit, Coinbase, and Kraken not far behind, the potential for increased exposure is high. Pi was approved for listing on another major platform two months ago, setting a strong precedent.
Adding to the excitement is Pi Network’s proposed token burn mechanism. Designed to offset the inflationary pressure of ongoing mining rewards and unlock schedules, the burn initiative is expected to reduce supply and support long-term price growth.
With its recent breakout above $0.74, bullish technicals, and promising exchange listing rumors, Pi Network could be on a major rally. If the rally continues toward the $1.737 target, holders may see a 135% surge from current levels. As always, investors should stay tuned to market developments and official announcements before making any moves.
