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Pi (PI) has surged by 19% in the past 24 hours alongside most cryptocurrencies and currently stands at $0.7320. This rally follows an old market adage: “A rising tide lift all boats…”
Pi’s latest weakness was no excuse for market participants and the token has now broken above its 21-period exponential moving average (EMA) in the hourly chart and has made a golden cross with the 200-day EMA.
This is typically interpreted as a strong buy signal and, at a point when market sentiment has improved dramatically, it supports a bullish Pi Network price prediction.
Top exchanges like Binance and Coinbase have refused to list the asset as it reportedly fails to meet their criteria. However, these exchanges have been known from skipping the red tape and expediting the listing of tokens solely because of the popularity.
A community survey conducted in February this year by the Binance Team resulted in a total of 86% ‘Yes’ votes in favor of PI’s listing. So, at this point, it is probably not a matter of if but when.
Other centralized exchanges like OKX, Bitget, MEXC, and Gate.io have already listed the token. For Binance, it makes sense to give PI the green light as they will likely amass a large percentage of the token’s trading activity.
Pi Network Price Prediction: PI Faces Selling Pressure at $0.78 and Forms Bull Flag Pattern
In the past 24 hours, trading volumes have nearly tripled and currently sit at $395 million. These are more than enough daily volumes to support a top CEX listing.
The latest rally for PI pushed the price to a local high of $0.7800. At that level, the selling pressure increased and has pushed the token to $0.7200 at the time of writing.
The price action has formed a bullish flag that favors the continuation of the uptrend as long as the price eventually breaks above the upper bound of the flag pattern.
If this bullish breakout occurs, PI will continue to rally. Meanwhile, if a Binance listing materializes, the price could get propelled by the significant liquidity that the exchange will inject to this cryptocurrency.
At that point, it is highly likely that PI will surge to at list $1 per token, or even higher.
As market sentiment improves, the best crypto presales like MIND of Pepe (MIND) offer a higher upside potential compared to Pi as their tokens are sold at a heavily discounted price.
MIND of Pepe (MIND) Raises Millions by Combining the Power of AI with a Viral Meme
MIND of Pepe (MIND) is an AI agent designed to captivate large audiences across social media platforms like X.
Since its launch in January this year, its presale event has raised nearly $9 million to work of the agent’s back-end.
Once MIND of Pepe hits X, it will interact with users and high-profile accounts to increase its influence. The agent will collect insightful information about social trends and new opportunities in the
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