Pi Network Set for a 135% Price Explosion After Breaking Resistance
Pi Network’s price has staged a strong comeback, gaining over 80% from its April lows. The token trades at $0.7494, its highest level since March 31, showing clear signs of a potential bottom. Despite escalating trade tensions between the U.S. and China, this rally comes amid a broadly stable crypto market. Compared to other major cryptocurrencies, Pi’s gains stand out. While the top 10 digital assets posted modest 24-hour increases, XRP led with a 2.5% jump to $2.18, followed by Tron (TRX) with a 2.1% rise to $0.253, based on CoinGecko data. Binance Listing and Token Burn Hype Fuel Investor Optimism Investors are increasingly bullish on Pi Network due to growing rumors of a Binance listing and the recent rollout of a token burn mechanism. Many community members believe tier-1 exchanges like Coinbase, Kraken, and Upbit will follow OKX and MEXC in listing Pi before the end of the year. Two months ago, Pi Network’s ecosystem gave the green light for exchange listings, and the anticipation is building. These exchanges are eager to capture trading volume and fees, especially after observing the performance of platforms that listed Pi early. At the same time, Pi’s team’s burning mechanism is helping to reduce supply pressure from ongoing mining rewards and token unlocks, creating a more favorable demand-supply dynamic. U.S. Federal Reserve Comments Provide Macro-Level Confidence Susan Collins, President of the Boston Fed, recently told the Financial Times that the Federal Reserve is prepared to swiftly stabilize the U.S. economy in response to new trade tariffs. This reassurance has helped improve market sentiment, supporting asset classes like Pi Network, which are positioned as high-upside bets. Read Also: Dogecoin Could Rally 364% to $0.67, Top Analyst… Technical Analysis: Pi Coin Breaks Resistance at $0.74 The technical setup confirms bullish momentum. On the 4-hour chart, Pi coin has broken a crucial resistance level at $0.7400. The MACD line crossing above the signal line indicates growing upward pressure. Green histogram bars are rising, reinforcing this trend. Moreover, the Relative Strength Index (RSI) currently stands at 64.41, reflecting strong buying interest. If Pi coin maintains this momentum and pushes toward the next major resistance at $1.737, it would mark a 135% increase from its current level. Final Thoughts: Will Pi Be the Surprise Performer of Q2? After an 86% drop from its peak of $2.81, Pi Network now offers what many traders view as a prime re-entry opportunity. The combination of bullish technical indicators, a credible listing pipeline, and a deflationary burn mechanism has reignited excitement around the token. If volume continues to rise and key resistance levels break, Pi could very well become one of Q2’s top-performing altcoins.
