PI Token Recovers and Becomes CoinMarketCap’s Hottest Crypto—Can It Sustain the Hype?
Following years of anticipation, Pi Network (PI) formally opens to external trading on February 20, 2025. As trading activity increased, the token first spiked to $1.84 before rapidly falling to $0.64. This early sell-off indicated that after the network switched to an open trading environment, many holders took advantage of the chance to sell their tokens.
But since then, the price has sharply increased, rising 63.24% in the past day. Pi is now the most trending coin on CoinMarketCap as a result of its quick ascent. Interest in the coin has also increased after a community vote on Binance revealed that 85% of users were in favor of listing PI on the platform.
Pi Coin Bulls Take Control! Is a New High on the Horizon?
Pi Coin experienced a remarkable 159.83% price increase in a single day, peaking at $1.72 before leveling off at $1.40. The Pi Network community‘s restored confidence and high buying enthusiasm are reflected in this resurgence. After breaking above significant resistance levels, the price has displayed indications of a bullish rise. However, there are also indications of possible short-term pullbacks, with some traders observing negative RSI divergence.
Analysts are keeping an eye on Pi’s future to see if it can sustain its momentum. There might be room for more growth if the price can stay over $1.10. However, the coin may experience a decline toward $0.94 to $1.00 if it is unable to maintain its present price levels. The upcoming days and weeks will probably show if this increase is the start of a longer trend or merely a brief rally as the Pi Network develops and gains international notice.
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