Pi Network‘s price has increased by 22% over the past 24 hours, reaching $1.90 and approaching its all-time high of $2.10, set shortly after its launch.
The surge contrasts with the general cryptocurrency market, with a 2% drop in total market capitalization. Pi Network’s robust performance, with a trading volume exceeding $700 million, suggests heightened market activity and investor interest.
Pi Network‘s Market Dynamics
The cryptocurrency has shown strong bullish momentum, consistently trading above its 25-period exponential moving average (EMA) of $1.64. After a period of consolidation between $1.50 and $1.70, Pi Network broke out above the $1.70 threshold, supported by an increase in trading volume. This movement indicates sustained interest and potential for further gains, with possible resistance near the $2.00 level.
We trust $Pi 🔥
Do you trust it too?
Like and follow for better prices 🚀@minepi_network @minepi_network#PiNetwork #Binance #OKX #Bitget #Crypto #Picoin #PI pic.twitter.com/9oUK38kabJ
— Pi Network | Global (@minepi_network) February 20, 2025Pi Network must maintain a price above $1.70 for continued growth with consistent trading volume. If a pullback occurs, the key support levels to monitor are the 25 EMA at $1.64 and the $1.50 mark. Despite these gains, scepticism remains as Pi Network’s market capitalization of over $12 billion is yet to be verified by independent sources, and prominent platforms like CoinMarketCap and CoinGecko have withheld ranking data due to concerns over its legitimacy.
Read: Pi Network’s Open Mainnet Launch: What Investors Need to Know
Pi Network’s Future Prospects
Criticism continues to cloud Pi Network’s rise, with allegations of it being a pyramid scheme and concerns over its operational transparency. Ben Zhou, CEO of Bybit, has notably criticized the project as a potential scam. Furthermore, the possibility of Binance listing Pi Network has ignited debate among the community due to its controversial nature. Although 86% of the community voted in favor of listing PI tokens, Binance has yet to make a final decision, which remains highly anticipated.
📢 Signs that Pi Price Will Rise Above $10 in the Near Future 🚀
Currently, Pi is hovering around $1-2, but this is just the beginning. There are many signs that Pi is about to enter a strong growth cycle. What is holding it back? And when can Pi explode?
1. Pi is listed but… pic.twitter.com/ZCDFt7D3Vn
— Pi Network VietNames (@PiNetworkVNes) February 24, 2025The closure of the community vote on February 27, 2025, at 23:59 UTC is anticipated to significantly influence Pi Network’s price trajectory. A potential listing could further validate the cryptocurrency or escalate the debates regarding its legitimacy.
