TL;DR
- Pi Network surged over 112% in less than a week, broke past $1.47, and currently trades around $1.25 per token.
- Rumors of a possible Binance listing and reports of deposit tests triggered a speculative frenzy around the project.
- With no official announcement, the market is closely watching resistance levels at $1.39, $1.69, and $2 amid correction risks driven by market euphoria.
Pi Network (PI) has seen a sharp price increase in recent days, fueled by speculation over its potential listing on Binance.
The cryptocurrency jumped more than 112% in under a week, surpassing the $1 mark for the first time in months and peaking at $1.47. It’s now trading around $1.25 per token. Although Binance hasn’t issued any official statement, certain activity within the platform sparked rising expectations among users.
The Market Awaits Binance’s Response
Interest sparked after Pi Network confirmed the official presentation of its ecosystem scheduled for May 14. That announcement alone was enough to ignite a wave of activity around the project and revive old rumors about a potential Binance listing. Back in February, Binance conducted a survey asking users if they wanted PI listed on the platform. While the poll received strong support, it didn’t lead to a public decision, leaving the market waiting for answers.
In recent weeks, some users spotted signs suggesting Binance may have been testing PI deposits and withdrawals, fueling fresh speculation about an imminent announcement. These hints coincided with the price rally, which saw the token jump from $0.60 to over $1 in a matter of hours, driven by trading volume and community excitement.
Key Technical Levels for Pi Network
Pi Network is currently ranked as the nineteenth largest cryptocurrency by market cap. Analysts have identified key technical levels that could shape its short-term performance, with resistance points at $1.39, $1.69, and $2. The recent price bullish trend, however, also prompted renewed warnings about potential corrections. Several market specialists noted that price moves this sharp over short periods often trigger sell-offs if not supported by solid fundamentals.
While many believe the project could gain broader exposure if Binance eventually lists it, the lack of official confirmation leaves room for a possible pullback. The coming days will be critical in determining whether this surge turns into a genuine opportunity or fades as another speculative episode.
