Pi Network’s native token (PI) continues its bullish momentum, rallying for the second consecutive day as excitement builds ahead of Pi Day on March 14.
PI Price Surge and Market Performance
According to crypto.news, PI reached an intraday high of $1.79 on March 13, marking a 42% increase from its lowest point this week. At the time of writing, PI boasts a market cap of over $12.2 billion, with daily trading volume surpassing $930 million, more than double the previous day’s figure.
Despite trading 42.5% below its all-time high of $2.99 in February, PI has seen an impressive leap in global crypto rankings. Just a week ago, it was ranked below 3,000 on CoinMarketCap, but it has now surged to 11th place, surpassing major cryptocurrencies such as Chainlink (LINK), Hedera (HBAR), and Stellar (XLM). The circulating supply currently stands at 7.13 billion tokens.
Why Is PI Rallying?
The price rally comes ahead of Pi Day, a key date in the Pi Network ecosystem. On March 14, users must complete KYC verification and migrate their mined tokens from the testnet to the mainnet by 8:00 AM UTC, or risk losing them. However, ongoing technical issues with KYC verification have made migration difficult for some users.
March 14 also marks Pi Network’s sixth anniversary since its launch in 2019, along with the introduction of its mobile app and whitepaper.
Historical Price Swings and Token Unlocks
Pi Network has witnessed major price fluctuations since its Open Mainnet launch on February 20, 2025. The token experienced significant volatility, spiking to $1.97, crashing to $0.737, and later rebounding to $1.29. At its peak, the total value of distributed Pi tokens reached $13.8 billion.
So far, 7.13 billion PI tokens have been distributed, with an additional 188 million PI tokens set to be unlocked in March. Despite concerns over supply increases, the price impact is expected to be minimal, as 63% of PI tokens are locked for three years, while 14% are locked for one year, limiting immediate selling pressure.
Will PI Get Listed on Binance?
One of the key catalysts for PI’s potential rally extension is speculation about a Binance listing. In a February 2025 community vote, over 87% of participants supported adding PI to Binance’s spot market. However, Binance has yet to respond, leaving its listing status uncertain.
Currently, PI is available on major centralized exchanges like OKX, MEXC, Gate.io, and Bitget.
Technical Analysis: Can PI Maintain Its Momentum?
Technical indicators suggest that PI’s uptrend may continue in the short term:
- Bollinger Bands: PI is trading near the upper Bollinger Band, indicating strong buying pressure fueling the rally.
- Aroon Indicator: The Aroon Up stands at 78.57%, while Aroon Down is at 0%, signaling the absence of bearish momentum and frequent new highs.
- Relative Strength Index (RSI): With RSI at 60, PI still has room for growth before entering overbought territory. However, a pullback may occur once RSI approaches the overbought threshold.
If the current momentum holds, PI could test the $2 psychological resistance level, which previously acted as resistance on March 5. A successful breakout could propel the token toward a retest of its all-time high.
Market Predictions: Can PI Reach $10?
Long-term bullish sentiment remains strong, with market analysts predicting a potential move to $4 and beyond in the coming weeks. Some optimistic community members even argue that strong user backing could push PI to $10.
As Pi Day approaches, all eyes are on PI’s price movement. With growing excitement around mainnet migration and potential exchange listings, the next few days could be pivotal for Pi Network’s long-term trajectory.
