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Can Pi Network Price Hit $5 as Pi Coin Value Soars 60% Amid Binance Listing Rumour – Crypto News

Published

1 year ago

February 27, 2025

Dripp

Pi Network price is defying the extreme bearishness in the cryptocurrency market. In the last 24 hours, the price has surged by more than 40%, bringing its total gains since launch to 352%. The impressive rally has stirred speculation about whether Pi Coin can hit $5 this week amid a possible Binance listing.

Pi Network Price Surges 40% – Can Pi Coin Reach $5 Amid Exchange Listings?

Pi Network price has outperformed the broader crypto market this week after an impressive 40% rally to trade at $2.69 today. In six days, this newly launched token has rallied by more than 352%. Pi Coin reached an all-time high of $2.99 on February 26, 2025, despite the level of fear in the crypto market plummeting to 2022 lows.

Pi Coin’s rally was triggered by several catalysts including major exchange listings. These listings have stirred market interest in Pi Coin, with 24-hour trading volumes surpassing $3 billion.

Can Pi Network Price Hit $5 as Pi Coin Value Soars 60% Amid Binance Listing Rumour — Pi Network Trading Volumes

These trading volumes will likely skyrocket in the coming days as rumors of a Binance listing this week intensify. The Binance voting poll on whether to list Pi Coin will close today, and 86% of Binance users have voted in favor.

Can Pi Network Price Hit $5 as Pi Coin Value Soars 60% Amid Binance Listing Rumor — Binance Voting Poll

Binance listings tend to bode well for new tokens. Therefore, it is likely that Pi Network price may skyrocket past $5 in the coming days.

Besides exchange listings, the successful Pi Network mainnet launch also drove its gains. The network went live on February 20, 2025, and unlocked utility for Pi Coin. This influenced the over 300% rally for the token in less than a week. As the rally continues, how high can Pi Coin price go?

Pi Network Token Analysis – Is a Breakout to $5 Imminent?

Pi Network price can break out towards $5 as it seems to be following past trends where each rally has led to a breakout to the 161.8% Fibonacci level.

If buying pressure remains strong and Pi Network price continues to rise, it could break the $3 psychological level and move towards the 161.8% Fibonacci level of $3.69. Therefore, if the current rally continues, driven by bullish catalysts like a Binance listing, it could trigger a breakout toward the 261.8% Fibonacci level at $4.84, potentially opening the door for a surge to $5.

On the other hand, if the rally loses steam, Pi Network price could face a pullback, with the next key support resting at the 50% Fib level of $2.40.

Final Thoughts

Pi Network price has surged by more than 350% since its launch. These gains were driven by the successful mainnet launch and the token’s listing on major exchanges. Speculation is now rife that Pi Coin could be listed on Binance this week after a community voting poll showed many of the exchange users are in favor. These bullish triggers and a strong technical outlook on Pi Coin’s hourly chart suggest a rally to $5 is likely.