The Pi Network’s Pi Coin has experienced a surge of over 5% in value within the last 24 hours, gaining momentum after a sharp decline from its peak of $3. Currently, the altcoin is trading between $1.70 and $1.95. Market participants are optimistic that Pi Coin could potentially reach the $3 mark again.
Pi Coin Showcases a Strong Upward Trend
Despite the high volatility and downward trends seen in the cryptocurrency market, Pi Coin is displaying a resilient performance. Although it moves in correlation with Bitcoin (BTC) 
$103,770 and other major cryptocurrencies, it appears to be gaining independent momentum.
According to data from CoinMarketCap, Pi Coin currently holds the 11th position in terms of market capitalization. Remarkably, it has achieved this status without being listed on major exchanges such as Binance or Coinbase.
Technical analysis indicates that Pi Coin’s nearest support level is at $1.60. Should selling pressure arise, this threshold may be tested again. Conversely, if the coin maintains stability above $2, the next resistance point could be at $3. The Relative Strength Index (RSI) is currently below 50, suggesting that additional buying pressure is needed for the upward trend to gain strength.
Pi Network Rapidly Expands User Base
Meanwhile, the Pi Network is attracting attention due to its wide community and potential for real-world use. The project’s aim is to enable the use of Pi Coin for daily transactions involving goods and services, while also establishing an ecosystem for decentralized applications.
Furthermore, the user base of Pi Network is expanding rapidly. The Pi app has been downloaded over 150 million times worldwide, with 65 million active users. Pi Coin’s follower count on the X platform has exceeded 4 million, placing it just behind Bitcoin in popularity. This significant community can support greater adoption and utilization of the altcoin.
As of February 20, 2025, Pi Coin has begun trading on various centralized exchanges. With an average daily trading volume of $1.5 billion, expectations for listings on larger exchanges are increasing. Analysts argue that it is unreasonable for major exchanges to overlook listing Pi Coin. Its potential listing on platforms like Binance and Coinbase could further strengthen its price recovery.
