The PI price experienced a major spike in the buying volume, which more than doubled to $89.4 million, an 112% rise, highlighting a strong organic demand. With this, the Pi price surged by more than 10%, reaching $0.25, outperforming the broader market. The rise is believed to be fueled by recent upgrades and hype around the upcoming v20.2 protocol, and also a potential listing on one of the biggest exchanges, Kraken.
The PI price rebounded over 80% from the February lows and climbed above $0.24 after Kraken confirmed the listing.
The recent announcement has strengthened market sentiment around Pi Network, helping the price extend its ongoing recovery. Following a steady ascending move, PI has now surpassed the $0.25 level, which marks an important interim trend-reversal zone. Sustaining above this region indicates improving bullish momentum, with buyers attempting to reclaim higher resistance levels.
As observed on the chart, PI has also moved above the 200-day moving average near $0.22, which is now acting as a strong support base. Meanwhile, the RSI has entered the overbought territory, suggesting the rally may experience a short-term cooling phase. However, as long as the price holds above the $0.22–$0.23 support region, the broader structure remains constructive, and the asset may continue consolidating before attempting the next move higher.
Therefore, if the PI price manages to secure the $0.25 level as support, the next immediate target appears around $0.28, which aligns with the next resistance visible on the chart. A sustained breakout above this level could further extend the rally toward the $0.30–$0.32 zone, while a short-term pullback may find support again near the 200-day MA around $0.22.