Despite the broader bearish trend in the cryptocurrency market, Pi Network showed resilience, surging over 6% today and extending its remarkable recovery from its all-time low of $0.60 by more than 150%.
PI Coin New Listings Updates
On Tuesday, the well-known decentralized exchange DYDX, specializing in cryptocurrency derivatives and perpetual contracts, listed Pi Network (PI) on its platform. DigiFinex also announced that it is progressing with the KYB (Know Your Business) process with PiCoreTeam, indicating that $PI trading pairs could soon be available.
Is an Upside Move Coming?
The 2-hour chart shows that PI initially made a strong recovery from $0.60, forming a Cup and Handle pattern which was then invalidated. Currently, PI is consolidating within the key resistance zone of $1.43–$1.70. The resistance level of $1.70 is crucial, and if broken, it could spark a rally toward $2.30–$2.40, representing a potential 43% increase.
Final Thoughts
With new exchange listings, increasing investor interest, and the potential for a major breakout, Pi Network is at a pivotal point. The next move will likely depend on whether bulls can sustain momentum above key resistance levels.
Despite the broader market volatility, Pi Network's resilience could signal interesting developments in the future.
