Pi Coin Plunges 25% After Kraken Listing – What’s Next for PI?

Why Pi Coin Price Dropped After Kraken Listing Despite 80% Rally

Pi Coin has once again captured market attention. After the Kraken listing news triggered a massive rally, investors are asking one big question: Can the altcoin continue its recovery and move toward higher resistance levels on Pi Day 2026?

The excitement around the asset surged after the Kraken listing news, which triggered an explosive rally of more than 80%. The sudden price spike created strong hype across the crypto community, with many investors expecting the momentum to continue.

However, shortly after the listing went live, profit-taking and fading hype pushed the price lower, leading to a sharp correction.

Now, as Pi Day 2026 approaches, optimism is returning to the market. Traders are closely monitoring whether the recent rebound is the beginning of a sustainable recovery or simply another short-term bounce.

Pi Coin Price Rebounds From $0.13 Support Zone

After the post-listing decline, the altcoin found strong support near the $0.13 level, where buyers stepped in aggressively. This zone acted as a key demand area and helped the price stabilize.

From this support, the token rebounded sharply and broke above the $0.20 consolidation range. This move created a higher-low structure, which is often considered a bullish signal in technical analysis.

A higher low suggests that buyers are gradually gaining control of the market. As demand increases at higher levels, the overall market sentiment shifts from cautious to cautiously bullish. This behavior also indicates that many traders view the lower price levels as an accumulation zone.

$0.29–$0.30 Resistance Remains the Key Barrier

Despite the rebound, the token faces strong resistance between $0.29 and $0.30. This area is significant because it aligns with the 200-day moving average, a technical indicator that often acts as a major barrier during trend reversals.

When PI briefly tested this zone, selling pressure increased quickly and triggered a short-term pullback. As a result, the price retraced toward the $0.21–$0.22 range, where the market is currently trying to stabilize.

Such pullbacks are common after breakout attempts. In many cases, they act as a retest of the breakout level, which helps determine whether the bullish trend can continue.

Pi Coin Price Prediction: Bullish Scenario

If bulls manage to hold the breakout retest above $0.20, the current structure could support another upward move.

In that case, the token may first retest the $0.28 resistance. A successful breakout above this level could open the door for the next price targets around $0.32 to $0.35.

This bullish scenario depends on sustained buying pressure and stronger trading volumes. With Pi Day 2026 driving community enthusiasm, momentum traders could attempt to push the price higher in the short term.

Bearish Scenario: What Happens If $0.20 Support Breaks?

While the technical setup shows early bullish signs, traders should also watch the downside risk.

If the asset loses the $0.20 support level, the bullish structure may weaken significantly. In that case, the price could fall back toward $0.19 and possibly test the $0.17 zone before the market finds a new direction.

Such a move would suggest that the recent rally was primarily driven by short-term hype rather than sustained demand.

Can Pi Coin Ever Reach the $3.141592 Pi Day Target?

Every year on March 14, the community celebrates the symbolic price target of $3.141592. While the idea generates excitement among supporters, the current technical structure shows that the token still has several major resistance levels to overcome.

For now, the market focus remains on holding the $0.20 support and reclaiming the $0.30 resistance. If the coin continues to gain exchange listings, ecosystem growth, and stronger trading volume, the long-term outlook could gradually improve.

Until then, traders will closely watch $0.28 and $0.35 as the next key milestones that could shape the future direction of the Picoin price trend.

YMYL Disclaimer:

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.