YEREVAN (CoinChapter.com) —As of March 28, 2025
Pi Coin (PI) has shown significant price movement, outperforming the broader cryptocurrency market. While many cryptocurrencies have struggled to maintain momentum, Pi Coin has surged, offering hope to traders who have faced major losses. Despite a challenging market, Pi Coin has demonstrated a marked increase, rising by over 15% from its recent low, and traders are watching for further developments in the coming weeks.
Technical Analysis Signals a Potential Breakout
Pi Coin’s rise appears to be based on more than just market sentiment; technical analysis is pointing to a strong setup. Pi’s price has been forming an ascending triangle pattern on the hourly chart, a key indicator of potential bullish action. The formation of this pattern follows a sharp 70% decline from its high of nearly $3 in February 2025. The current price movement shows that bulls may be regaining control, with higher lows indicating increasing buying interest.
The ascending triangle has a defined breakout target, which technical analysts calculate by measuring the height of the triangle and projecting it upward from the breakout point. This method places Pi’s target price at approximately $1, representing a 15% increase from its current levels.
Pi’s Relative Strength Index (RSI) also provides a bullish signal. After reaching oversold conditions earlier this week, the RSI has since recovered, indicating that Pi may have found a support base. The RSI currently stands at 52.49, with an upward trend, suggesting a shift in market sentiment toward a recovery. If Pi can maintain its upward momentum, the price target of $1 could be within reach, marking a significant reversal from its previous decline.
Pi Coin’s Rising Momentum as Binance Listing Hopes and Telegram Wallet Integration Boost Price Outlook
Pi Coin’s future is also tied to its community’s hopes of an official listing on major exchanges, particularly Binance. A recent poll showed that 86% of the Pi Network community supports the idea of a Binance listing. While this has not yet been confirmed by the exchange, such a listing could provide a massive boost to Pi’s price. Traders remain hopeful that this key milestone will be reached soon, which would enhance liquidity and accessibility.
