The Pi Network price jumped more than 30% on March 13 following a new exchange listing and growing anticipation for the project’s upcoming Pi Day event.
Conclusion
- The Pi Network token is up more than 30% after listing on Kraken.
- Mainnet protocol improvements and Pi Day promotions add to the fun experience.
- Technically, $0.30 is the next resistance, while $0.25 acts as key support.
According to the data, the token rose by about 31% on the day, mainly driven by the listing of PI on Kraken, one of the largest cryptocurrency exchanges in the world.
The listing significantly expanded trading access to the asset and generated renewed interest among traders.
In addition to the exchange listing, the Pi Network ecosystem is currently undergoing a core network protocol update associated with the Step 3 node migration, which can strengthen the network infrastructure as the project progresses through its development roadmap.
Market enthusiasm also precedes Pi Day, an annual event celebrated by the Pi community that often coincides with ecosystem announcements and product updates.
A combination of major exchange listings, technical improvements, and community momentum has fueled the token’s recent surge.
Pi Network coin price analysis
The attached price chart shows that PI is breaking out of a multi-week consolidation phase. The token recently traded around $0.29, up sharply from around $0.21 earlier this month, reflecting a strong bullish move.
Momentum indicators also point to increasing buying pressure. The Relative Strength Index (RSI) is near 70, indicating strong upward momentum, but also approaching overbought territory.
This suggests that the rally may continue in the short term, although some traders may be looking at potential profits.
From a technical point of view, $0.30 represents the next level of resistance, a psychological barrier that can determine whether the rally will continue to expand. On the downside, support is found near the $0.25 area, which previously acted as a breakout zone during the recent price rally.
If the buying pressure continues until Pi Day, analysts say the token could see additional volatility as traders react to potential announcements from the Pi Network Group.
