Pi Network (PI) Indicator Gives Bullish Signal After Binance Listing Rumors

Rumours about Binance listing Pi Network have emerged after a Binance Wallet started testing transactions on the Pi Chain. While there is no official confirmation for Binance, several X users have noted many transactions from the wallet.

Alongside the positive news, the PI price shows some bullish signs and attempts to break out from the $0.75 resistance area. Let’s look at some charts and see if a breakout is likely.

PI Price Reaches Resistance

The PI price had fallen under a descending resistance trend line since its all-time high of $2.98 on Feb. 27.

Pi Network’s downward movement led to an all-time low of $0.40 on April 5.

The price rallied afterward, breaking out from the resistance trend line and reaching the $0.75 horizontal resistance area.

Even though the first breakout attempt was unsuccessful, PI created a higher low in May, the first one since the all-time low.

Today, the PI Network price attempts to break out from the resistance area, which, if successful, could lead to a high of $1.40.

Interestingly, the Relative Strength Index (RSI) moved above 50 (green icon) for the first time in history, enhancing the likelihood of a breakout.

Short-Term PI Breakout

The short-term four-hour analysis supports the bullish readings from the daily one, showing a breakout from a symmetrical triangle.

Even if the movement is part of a corrective A-B-C structure, the PI price will likely reach a high of $1.15.

Alternatively, the PI price could move much higher if this is the beginning of a new five-wave upward movement.

In both cases, a breakout above the $0.75 resistance area will likely push the PI price to new highs.

PI Shows Bullish Signs

PI Network’s price is finally showing bullish signs, spurred by its Binance listing rumours.

The price broke out from a short-term pattern and is attempting to move above $0.75.

If successful, PI could increase to at least $1.15 and possibly $1.35.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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