Pi Network News: Can the price of Pi reach $10?

Pi Network has recently outperformed major cryptocurrencies, with its price soaring after launching its own network. The upcoming migration period, potential listing plans (bn) (, and the constantly changing political atmosphere (U.S. election) encourage further speculation on price increases.
Technical analysis shows that breaking through the $1.90 level could propel the price up to $10.
Pi Network has risen by 6.2% in the past 24 hours, outperforming other major cryptocurrencies such as Bitcoin +3.4%, Ethereum +3.7%, XRP +3.1%, BNB +4.5%, and Solana +2.6%. However, this is not a real surprise. After the mainnet launch, the price of Pi surged by 1,676.68%, while during the same period, the entire cryptocurrency market fell by 9.9%. This astonishing contrast is also a significant milestone. With rumors of Pi's key support breakthrough and its future listing on major exchanges, investors are starting to wonder: how much higher can Pi go? Can we see the price break through $2? Let's delve into it.
Why has the price of Pi risen? Since February 20th, the price of Pi has skyrocketed by an astonishing 1,676.68%, rising by 6.9% in just the past 24 hours. This sustained growth indicates that the trend of Pi Network is independent of the market and has strong upward momentum.(
The main reasons for the rise in the price of Piecoin include several factors, which have led to the rise in the price of Piecoin:
The deadline for network migration is approaching.
The network is approaching the deadline for the migration of users' assets. According to the team's recent blog post, March 17 is the last day to complete the migration. Moving to the next stage, investors may face increased buying pressure due to this deadline.
Potential bn PI
Speculation about the listing on bn is another major factor. In a recent bn community survey, more than two-thirds of participants supported the listing of the coin. If bn or other major exchanges are listed, the price may rise significantly.
The impact of the U.S. election on cryptocurrencies
After Donald Trump returns to the government, he may bring more support for cryptocurrencies to the US government, which could benefit projects like Pi Network.
Technical Analysis Pie: Approaching Breakout? Pie recently successfully broke through the strong resistance level of $1.75, indicating that the bulls are in control.
Bollinger Bands: On the 4-hour chart, the Bollinger Bands have narrowed, indicating that a significant price swing is imminent. Parabolic SAR): This indicator also suggests an upward trend, supporting the bullish outlook.