Pi Network Overview

Pi Network has surged by 20% in the past day and is currently trading at $1.60, although it’s still down over 45% from its all-time high of $2.98 achieved in February. The coin is holding steady at a local support level of $1.30-$1.40, boosted by the upcoming Pi Day.

Pi Day and Mainnet Migration

Pi Day, celebrated on March 14, is significant for the PI ecosystem. Users must migrate their mined PI from the testnet to the live mainnet by 8:00 AM UTC on March 14. This date also marks the 6th anniversary of the project’s official launch. However, users are encountering issues with the KYC verification necessary for migrating their PI coins due to technical difficulties.

> Reminder: Complete both KYC and mainnet migration by 8:00 AM UTC on March 14, 2025, to retain most of your Pi, except for coins mined in the last 6 months. Learn more…
> — Pi Network (@PiCoreTeam) March 10, 2025

Price Performance

On a positive note, the PI price has maintained support above $1.40 for the past three days. It is attempting a potential reversal as it pushes above the 21-day EMA. On the 4-hour chart, the price has shown five consecutive bullish green candles with higher volume, indicating a local resistance around the $1.75 – $2.00 range. Continued increasing volume may test higher resistance at $2.

Listing Speculation

A major catalyst for this price movement appears to be the potential listing on Binance, as over 87% of February vote participants favored listing PI on Binance spot market. However, uncertainties remain as Binance has not made any announcements regarding the listing.

Related Topics

• Pi Network price outlook: Will Binance listing push PI to new highs?
• 4 reasons Pi Network price crashed after the mainnet launch.

Source: crypto.news