Pi Coin rise 8% In 24 Hours: Breakthrough Signal Approaching?

In the context of Bitcoin continuing to be bullish and gradually approaching the 100,000 USD mark, the altcoin market is also experiencing positive changes. Among them, Pi Coin – one of the projects that has garnered the most attention from the community – has recorded an impressive increase of 8% in the past 24 hours. Currently, this token is targeting a price of 0.70 USD, and if it can surpass this resistance level, the path to the 0.90 USD and 1 USD milestones could be wide open. Rumors of Listing on Binance Cause a Stir Contributing to the excitement surrounding Pi Coin are the growing rumors that this token is about to be listed on the world's leading exchange, Binance. Specifically, some data indicates that Binance's Stellar deposit wallet – which is also the testing wallet for Pi – has begun conducting test transactions on the Pi blockchain. This has led many investors to believe that Binance is preparing to support Pi in the near future. Important Event on May 14 Not stopping there, the Pi Network development team has also confirmed that they will have a big announcement on May 14th. The announcement is expected to be made at the Consensus Summit held in Toronto – the project's first official international event. The founder of Pi Network, Dr. Nicolas Kokkalis, will be present and present the latest updates related to Open Mainnet – the open main network of Pi – which officially launched in February 2025. Technical Analysis & Market Dynamics According to analyst Dr. Altcoin, Pi Coin may regain its bullish momentum after the Consensus Conference. With over 70 million users globally, Pi Network is too large of a project for exchanges like Binance or Coinbase to overlook. Additionally, Binance currently displaying advertisements on the Pi app has led the community to speculate that a partnership may have been established. However, in the past 2 weeks, Pi Coin has still decreased by more than 3% due to selling pressure from the unlocking of tokens. According to data from Pi Scan, today about 10.3 million tokens will be unlocked – a significant number that could create strong fluctuations in the market. Recent trading volume has at times fallen below the 40 million USD mark, but has quickly recovered to 123 million USD – indicating that investor interest is on the rise again. Signals From Indicators RSI (Relative Strength Index): Currently in the neutral zone, showing no strong momentum in either direction. MACD: Currently signaling a buy – a positive sign. Moving Averages (: Also in a neutral state, reflecting market hesitation. Conclusion In the context of the cryptocurrency market becoming increasingly vibrant, Pi Coin is standing at an important threshold. If the rumors about Binance come true and the announcement on May 14 brings positive information, Pi Coin could very well break through in the near future. However, investors also need to be cautious of the selling pressure from the ongoing token unlocks.