The price of Pi Network surged more than 30% on March 13 after a fresh exchange listing and growing anticipation around the project’s upcoming Pi Day event.
Summary
- Pi Network’s token surged more than 30% after being listed on Kraken.
- A mainnet protocol upgrade and Pi Day hype are adding to bullish sentiment.
- Technically, $0.30 is the next resistance, while $0.25 acts as key support.
According to data, the token climbed roughly 31% in a single day, driven primarily by the listing of PI on Kraken, one of the largest global crypto exchanges.
The listing significantly expanded trading access to the asset and sparked renewed interest among traders.
In addition to the exchange listing, the Pi Network ecosystem is currently undergoing a mainnet protocol upgrade tied to Step 3 node migration, which could further strengthen network infrastructure as the project progresses through its development roadmap.
Market enthusiasm is also building ahead of Pi Day, an annual event celebrated by the Pi community that often coincides with ecosystem announcements and product updates.
The combination of a major exchange listing, technical upgrades and community momentum has helped fuel the token’s latest rally.
Pi Network coin price analysis
The attached price chart shows PI breaking out of a multi-week consolidation phase. The token recently traded around $0.29, climbing sharply from roughly $0.21 earlier this month, reflecting a strong bullish move.
Momentum indicators also point to increasing buying pressure. The relative strength index (RSI) sits near 70, indicating strong upward momentum but also approaching overbought territory.
This suggests the rally could continue in the short term, though some traders may watch for potential profit-taking.
From a technical perspective, $0.30 represents the next key resistance level, a psychological barrier that could determine whether the rally extends further. On the downside, support appears near the $0.25 region, which previously acted as a breakout zone during the latest price surge.
If buying pressure continues into Pi Day, analysts say the token could see additional volatility as traders react to potential announcements from the Pi Network team.
Source: https://crypto.news/pi-network-coin-price-rise-after-kraken-listing-pi-day/
