- Pi Network (PI) rose more than 20% in the past 24 hours, reaching intraday highs of $1.74.
- Although PI’s price remains 44% below its peak of $2.99, buyers could push the token higher.
- Potential catalysts for further gains include the upcoming Pi Day and a possible Binance listing.
The price of Pi Network (PI) jumped over 20% in the last 24 hours, briefly touching intraday highs of $1.74.
Despite the surge, PI is still about 44% below its February peak of $2.99. So why is the altcoin rising now, and could bulls push it even higher?
Why did Pi Network’s price rise today?
PI rallied from lows of $0.61 on February 20 to reach an all-time high of $2.99 on February 26. While sellers weighed on the market afterward, the native token of this social crypto network has held up relatively well. The altcoin appears to be gathering upward momentum after pulling back from its intraday highs.
At present, PI has found support after bouncing off $1.61 and is trading around $1.67 at the time of writing. These gains come ahead of the highly anticipated Pi Day scheduled for March 14.
Pi Day is an important milestone for the project. Users are required to migrate their PI coins mined on the testnet to the mainnet by 08:00 UTC on March 14 — the final deadline following an extended grace period.
The date also marks six years since Pi Network’s launch. The migration has helped fuel excitement, although KYC verification issues are delaying some users. Technical glitches have left many unable to transfer their coins, creating friction in the process.
Could a Binance listing be a decisive factor?
PI’s price has maintained a bullish outlook since last month. A Binance poll asking whether the exchange should list the coin saw roughly 87% of respondents vote in favor.
If Binance moves forward, PI could join the exchange’s spot market. Although Binance has not announced a listing or detailed next steps, speculation is strong that PI could land on the world’s largest crypto exchange by trading volume.
On the charts, PI shows signs of strength. The token sits above a $1.60 support level amid rising trading volume. Resistance lies in the $1.75–$2.00 area, and buyers may use Pi Day momentum to push demand zones above $2 and aim for a retest of the all-time high.