Pi Crypto Price Soars 130%: Will PI Coin Hit $ 2 After Binance Listing Rumors?
2025-05-12 10:44:35Pi Network’s Meteoric Rise: How PI Coin Surged 130% in a Week Amid Binance Listing Rumors
A Stunning Breakout: PI Joins the Top 20 Cryptocurrencies
In a dramatic rally that has stunned the crypto market, Pi Network’s native token, PI, skyrocketed by 130% in just seven days, breaking past the critical $1.40 resistance level and securing a spot among the top 20 cryptocurrencies by market capitalization. As of May 12, 2025, PI is trading at $1.59, up 117.67% in 24 hours, with its market cap soaring to $10.28 billion—overtaking established altcoins like Litecoin (LTC) and Bitcoin Cash (BCH).
What triggered this explosive surge? Analysts point to three key factors:
Whale accumulation (155 million PI moved in a single transaction).
Speculation around a Binance listing, fueled by community voting and "test transactions" on the exchange.
An upcoming major announcement from the Pi Core Team, scheduled for May 14, 2025.
From Accumulation to Breakout: The Technical Picture
PI’s rally follows a prolonged accumulation phase near $0.40 in April, with a steady climb above key moving averages (10-day, 20-day, and 50-day EMAs). The breakout accelerated after PI surpassed $0.75 on May 9, confirming a bullish trend reversal.
Technical indicators suggest continued momentum:
RSI at 81.18 (overbought but holding strong in an uptrend).
MACD bullish, though showing early signs of slowing momentum.
Next targets: $1.80 (psychological resistance) and $2.00 (Fibonacci extension level).
However, caution is advised—a short-term pullback could occur if PI fails to hold $1.33 support, potentially retesting $1.05.
The Binance Listing Rumors: Fueling the FOMO
The biggest catalyst behind PI’s surge appears to be rumors of an imminent Binance listing. Community-driven polls showed 86% support for the move, while blockchain sleuths spotted test deposits of PI on the exchange.
Dr. Altcoin, a prominent crypto analyst, noted:
"The giant is awake—ready to ignite a true revolution with innovation, eco-friendly speed, low fees, and a secure Pi Blockchain backed by 200,000 active nodes. It is now unstoppable!".
If listed on Binance, PI’s liquidity and accessibility would skyrocket, potentially attracting institutional interest.
Ecosystem Developments and Market Sentiment
Beyond speculation, Pi Network’s fundamentals are strengthening:
Mainnet launch: The transition to an open mainnet in February 2025 unlocked real-world utility.
User growth: Over 19 million verified Pioneers, with 10 million migrated to Mainnet.
Upcoming announcement: Expected to reveal new partnerships or exchange integrations.
What’s Next for PI? Expert Predictions and Key Levels
Analysts are divided on PI’s short-term trajectory:
Bullish case: A breakout above $1.65 could propel PI to $2.00, with some predicting $4.19 by June 2025.
Bearish risks: Failure to hold $1.12 support may trigger a correction toward $0.85–$0.90.
Long-term, forecasts vary widely:
2025: $0.86–$2.70 (average $1.50).
2030: $5.65–$18.90 (if adoption accelerates).
Final Thoughts: A High-Risk, High-Reward Play
PI’s rally exemplifies the volatility and speculative nature of emerging cryptocurrencies. While the Binance listing rumors and ecosystem growth are bullish signals, traders should remain cautious—overbought conditions and potential sell-offs loom.
Share your thoughts on our X: Do you think PI will hit $2 before May ends?
Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.
Sources:
FXStreet – "Top 3 Gainers: PI, KAS, PNUT – Pi Network Leads Altcoins Surge on Renewed Risk-On Sentiment"
CCN – "Pi Network (PI) Price Spikes 130% — Here’s Why the Next Stop Could Be $2"
Crypto.news – "Pi Network Breaks Past $1 With 35% Daily Gain After Long Accumulation Phase"
99Bitcoins – "Will Pi Coin Hit $2 in May? PI Price Blasts Amid Pi Crypto News Pump"
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