Pi Coin Surges 27% to $1.64 Amidst Binance Listing Hopes

Pi Coin, a cryptocurrency that has been on a rollercoaster ride since its launch, has recently experienced a significant surge in price, climbing over 27% to reach $1.64. Despite a tumultuous start and a substantial drop of more than 100% after its initial launch, the coin is demonstrating remarkable resilience and making a strong comeback. The recent price climb above $1.50 has sparked optimism among investors, with the Relative Strength Index (RSI) remaining elevated, indicating strong momentum. The bullish breakout above $1.10 has been reinforced, and if the current price holds, Pi Coin could potentially rise towards $2 in the short term.

A key factor contributing to this positive sentiment is the results of a Binance poll, where 85% of voters expressed their desire to see Pi Coin listed on the exchange. Although no official announcement has been made, this high level of interest has raised hopes of a potential listing. Analyst Kim Wong has identified several factors driving Pi Coin's price surge:

Increased Trading Volumes: Compared to just two days ago, trading volumes have significantly increased, signaling the arrival of large capital inflows into Pi Coin.

Attractive Price Movements: Traders are excited by Pi's large price movement, which has jumped over 101% today, reaching $1.48. The trading volume has also surged to $1.53 billion, further fueling interest.

Listings on Major Exchanges: Pi Coin has been listed on five major exchanges – OKX, MEXC, Bitget, GateIO, and Pionex. This increased exposure has attracted more buyers.

Bullish Chart Patterns: The Pi Coin price chart is showing a bullish Cup and Handle pattern, which indicates strong breakout momentum. This could lead to a significant price surge.

With these factors in play, Pi Coin is poised to challenge its previous high of $2.20, with a potential move towards $3.14. Analysts predict that $3.14 could become a key price target in the near term.