The cryptocurrency market is once again warming up with Bitcoin approaching that psychological $100,000 price point and altcoins getting bullish momentum. Among the top performers in the last 24 hours was Pi Coin, which surged 7% as investor interest continued on rumours of a Binance listing and a soon-to-come announcement of the Pi Core Team ecosystem.
The PiNetwork is once more in the limelight, while Binance could be gearing up to list PiCoin. Observers note that the Stellar deposit address at Binance – used for Pi transactions seen some activity being tested on the Pi blockchain.
The very address (GABFQIK63R2NETJM7T673EAMZN4RJLLGP3OFUEJU5SZVTGWUKULZJNL6) has had recent activity noticed for test transactions, which many regard as a technical step towards exchange integration. No word has been issued officially by Binance yet, but this certainly looks like one among many indications of an exchange listing in the past.
Fuel to the flames, the Core Team previously made a light mention of making a significant ecosystem announcement via its official X (formerly Twitter) account. Due on May 14, 2025, this announcement will reveal significant details on the PiNetwork roadmap and possibly the advancement of the mainnet or strategic partnerships.
The news arrives at a moment when the Pi community eagerly awaits mainnet expansion, exchange listings, and scaling of its decentralized ecosystem.
On the chart for the daily timeframe, the token has effectively broken out from a downtrend triangle, reflecting a possible bullish reversal sign. The coin ended at $0.6220, gaining 8% on heavy volume of 113.60 million, and its RSI of 47 reflects room to move up higher. Now that the downtrend line has been broken, the next area of resistance continues to be $0.70–$0.75. A break above here can pave the way to $0.90 and even $1. Support is at $0.58, which is a good foundation in case of a retracement. The technical setup suggests mounting bullish pressure for the altcoin.
Source: TradingView
With market momentum turning positive, growing on-chain activity, and speculative buzz around a Binance listing, the altcoin seems well-positioned for a short-term rally.
Short-term price targets:
$0.70: Immediate resistance to watch
$0.90–$1.00: If $0.70 is cleared on volume
Downside risk: Any inability to hold above $0.58 would bring back bearish pressure, but present momentum supports the upside.
With Bitcoin driving upwards and altcoins recovering, the breakout and possible listing may just be what is needed to spark a sustained bull run.
Also read: What Will Be The Listing Price Of AZEN Token on Bitmart And MEXC?
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.
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