Pi Network’s price has surged by 20% in the past 24 hours, currently trading at $1.60 on March 12, 2025, though it remains down over 45% from its all-time high of $2.98, reached in February. Despite this decline, Pi is holding steady at the $1.30-$1.40 local support level, gaining momentum as Pi Day approaches on March 14.
This date marks a pivotal moment for the Pi ecosystem, celebrating the project’s 6th anniversary and serving as the deadline for users to migrate their PI, mined on the testnet, to the live mainnet by 8:00 UTC. The migration, extended through a Grace Period, requires users to complete Know Your Customer (KYC) verification, but technical issues have hindered some from meeting this requirement, creating uncertainty for the community.
Reminder: The Grace Period requires both KYC and Mainnet migration to be completed by 8:00am UTC on March 14, 2025, to avoid forfeiting most of your Pi other than Pi mined within the rolling window of the last 6 months before your Pi is migrated. Learn more…
— Pi Network (@PiCoreTeam) March 10, 2025
On the technical front, Pi’s price has shown signs of recovery, holding above the $1.40 support for three days and pushing above the 21-day Exponential Moving Average (EMA), suggesting a potential reversal. The 4-hour chart reveals five consecutive, increasingly bullish green candles, accompanied by rising volume, indicating growing buying pressure. Local resistance sits around $1.75-$2.00, and if volume continues to climb, Pi could test higher resistance at $2. This bullish momentum aligns with speculation around a potential Binance listing, with over 87% of February’s community vote favoring Pi’s inclusion on Binance’s spot market. However, Binance has remained silent on the matter, leaving investors cautious about whether the listing will materialize. Stay informed on Pi Network developments with Crypto Market Insights on news.thecoininfo.com, and explore in-depth analysis on The Coin Info Hub at thecoininfo.com.
