Mantle (mnt) 
Pi Coin Surges Nearly 80% to New All-Time High Amid Market Decline
Pi coin has experienced a significant surge, increasing nearly 80% in the past 24 hours to reach a new all-time high of $2.99. This substantial price jump coincides with a massive increase in 24-hour trading volume, surpassing $3.2 billion.
Pi Network’s Recent Performance
Currently, the token is valued at $2.95, after earlier trading as low as $1.65 within the same 24-hour period. This price spike contradicts the ongoing decline in the broader cryptocurrency market, with Bitcoin having fallen below $85,000.
Technical Analysis
From a technical standpoint, PI is showing a neutral to slightly bullish bias. The 5-minute chart displays price action fluctuating around the 9-EMA, acting as both support and resistance. The RSI (14) at 55.60 suggests neutral momentum, with neither overbought nor oversold conditions.
Key Levels to Watch
Investors should keep an eye on key levels, including $3.00 as resistance and $2.90 as support. Holding above the 9-EMA could push PI toward $2.95–$3.00, while a drop below $2.90 may shift momentum to bearish. Some key levels to watch include:
- $3.00 (resistance)
- $2.90 (support)
Controversy and Criticism
Pi Network remains a topic of controversy despite its increasing valuation, with allegations that the project is a pyramid scheme. Industry leaders, such as Bybit CEO Ben Zhou, have criticized the project, calling it a scam. Concerns have also been raised about its unverified circulating supply.
Potential Listing on Binance
Due to a lack of independent verification, leading platforms like CoinMarketCap and CoinGecko have excluded official rankings. However, Pi Network’s self-reported market valuation currently exceeds $17.5 billion. More volatility is expected due to rumors of a possible listing on Binance. A community vote on whether to list PI was launched on Feb. 17, with the majority of respondents in favor. The outcome of this vote is anticipated to be confirmed today, Feb. 27.
If approved, the listing on Binance could serve as a major catalyst for further price action. Stay up-to-date with the latest news on Pi Network and other cryptocurrencies on Global Crypto News.
