Pi Coin’s on fire—it’s surged nearly 80% in the past 24 hours, hitting a fresh all-time high of $2.99. Data from CoinMarketCap’s price tracker shows its 24-hour trading volume has blown past $3.2 billion, a wild spike that’s got the crypto crowd buzzing.
Right now, it’s sitting at $2.95, up from a low of $1.65 earlier today. And here’s the kicker: this rally’s happening while the rest of the crypto market’s tanking—Bitcoin’s slipped below $85,000, yet Pi’s shrugging it off.
From a techie standpoint, Pi’s looking solid but not crazy. The 5-minute chart shows it dancing around the 9-EMA, which is playing both support and resistance. With an RSI of 55.60, the momentum’s neutral—neither screaming “buy” nor “sell.” Eyes are on $3.00 as the next big hurdle and $2.90 as a cushion. If it hangs above that 9-EMA, we might see it nudge up to $2.95 or even $3.00. Slip below $2.90, though, and the bears could take over.
But Pi Network’s not all sunshine and rainbows. It’s got a controversial streak—some call it a pyramid scheme, and big shots like Bybit’s CEO Ben Zhou have branded it a scam outright. Then there’s the murky supply issue; its self-reported market valuation’s soared past $17.5 billion, but without independent proof, CoinMarketCap and CoinGecko won’t rank it officially. That’s keeping skeptics loud and the hype in check.
