The Pi Network community is buzzing with anticipation as major cryptocurrency exchange Kraken has officially announced that it will list the Pi coin for trading starting tomorrow, March 13th.
Conclusion
- Kraken will list the Pi Network’s PI token on March 13, creating a buzz in the crypto market.
- The listing comes the day before Pi Day, when the project usually announces major ecosystem updates.
- PI is trading near $0.2347 with strong momentum indicators, although analysts warn that a short-term retracement of “news selling” remains possible after the listing.
This strategic timing puts the list exactly one day before Pi Day (March 14), an annual project holiday often reserved for major ecosystem milestones.
The Kraken Effect and Pi Day Synergy
The Kraken listing is a huge endorsement for the Layer-1 mobile blockchain. As a veteran US exchange, Kraken’s support for PI coin (PI) provides the level of institutional-level legitimacy and deep liquidity it has long sought.
News serves as a powerful foundational wind. With the launch of the Mainnet exactly one year ago, the community is now looking forward to Pi Day for the launch of the Pi Decentralized Exchange (PiDEX) and subsequent smart contract services.
The convergence of the top-level stock exchange listing and the project’s biggest annual event has created a “perfect storm” of delicious emotions.
Breaking down the next moves of the PI coin
The daily PI/USDT chart shows a very aggressive setup, confirming that the “smart money” initiated a position before Kraken’s official tweet.
Currently, PI is trading around $0.2347, indicating a solid gain of +4.13% for the day. This uptrend has pushed the price well above the 50-day Simple Moving Average (SMA) near $0.1736, indicating a bullish shift in market sentiment.
The SMA often acts as a key support level, and a steady PI trade above this line indicates that buyers are in tight control.
The Relative Strength Index (RSI), a momentum oscillator that measures overbought or oversold conditions, is near 69.26 – just below the overbought threshold of 70. This indicates strong buying momentum, although traders should be careful as the RSI approaches 70, which can sometimes precede a short-term reversal.
Recent price action shows a high and low pattern that confirms an uptrend. However, the visible price blinks in recent candles suggest some volatility and profit-taking at high levels, which is typical of a strong rally.
While the dangers of “selling the news” are always present after a listing, the proximity to Pi Day suggests that the rally may have more legs than a typical stock pump.
