The market reacted quickly after Kraken confirmed that PI trading will begin on March 13, 2026. Within minutes of the announcement, the token jumped about 2.41% on OKX, signaling renewed investor interest.
The timing of the listing is particularly important because it arrives just one day before Pi Day on March 14, a date that has historically triggered strong speculative activity around the project.
The hype is building quickly across the crypto community. With growing exchange support, whale accumulation, and ongoing network upgrades from the Pi Core Team, many traders now believe the project could be preparing for its next major price breakout.
Pi Core Team developed Pi Network as a mobile-first Layer-1 blockchain that allows users to mine crypto directly from their smartphones. The project continues expanding its ecosystem while working through a mainnet protocol upgrade, with a Step 3 node migration deadline set for March 12.
Meanwhile, the token is already available on several exchanges, including OKX, Bitget, HTX, and BitMart. However, major global exchanges like Binance and Coinbase have not listed the token yet.
Despite the recent bounce, the altcoin remains about 92% below its all-time high of $3.00. At the same time, the price has recovered more than 83% from its all-time low, showing that buying interest has gradually returned to the market.
On-chain data also shows that exchange balances climbed to more than 450 million tokens after the listing announcement. This increase suggests rising trader activity as investors prepare for potential volatility around PiDay.
From a technical perspective, the recent price movement suggests a possible trend reversal. The token rebounded strongly from the $0.14–$0.16 support zone and has started forming higher lows, which often indicates strengthening buying pressure.
Currently, the price is pushing toward the $0.24–$0.25 resistance area. This level has acted as a supply zone in the past, so a decisive breakout could open the door for a stronger rally.
Momentum indicators also support the bullish case. The Relative Strength Index (RSI) is approaching 70, showing strong momentum, although it also suggests the market could enter short-term consolidation. At the same time, the MACD indicator recently formed a bullish crossover, while its histogram continues expanding upward.
If buyers maintain control, the next major target sits around the January high near $0.30. Breaking this level could attract additional traders and push the price toward the psychological $0.50 level-$1.00.
However, resistance could still slow the rally. If the price fails to break above $0.25, the altcoin may retrace toward the $0.21–$0.22 support zone before attempting another breakout.
For now, the combination of the Kraken listing, increasing exchange activity, and the approaching PiDay event is keeping market sentiment bullish in the short term.
This content is for informational purposes only and does not represent financial advice. Cryptocurrency investments carry high risk. Always conduct your own research before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.