#ETH Pi Network News: Can the Pi coin price reach $10?

Pi Network recently outperformed major cryptocurrencies, with a significant price increase since the launch of its mainnet. The upcoming migration deadline, potential listing on exchanges (e.g., bn), and the constantly changing political climate (U.S. election) have sparked speculation about further price increases.
Technical analysis indicates that breaking through $1.90 may push the price up to $10.
Pi Network has risen by 6.2% in the past 24 hours, outperforming major cryptocurrencies such as Bitcoin (+3.4%), Ethereum (+3.7%), XRP (+3.1%), BNB (+4.5%), and Solana (+2.6%). However, this is not really a surprise. Since the launch of the mainnet, the price of PI has soared by an astonishing 1,676.68%, while the entire cryptocurrency market has fallen by 9.9% during the same period. This is a stunning contrast - a sign of something big happening. With PI breaking through key resistance levels and speculation increasing about its listing on major exchanges, investors are starting to wonder: how much higher can PI go? Can we see it surpass $2? Let's delve deeper into this.
Why has the price of PI risen? Since February 20, PI has surged a staggering 1,676.68%, with a 6.9% increase in the past 24 hours alone. This steady rise indicates that the trend of Pi Network is independent of the overall market, maintaining strong momentum.
The main reasons for the rise in PI prices are driven by several factors.
Mainnet migration deadline is approaching
Pi Network is about to reach the final deadline for user asset migration. According to a recent blog post by the team, March 17 is the last day to complete the migration. As investors prepare for the next phase, this deadline may increase buying pressure.
Potential bn listing
Speculation around the listing of bn is another major factor. In a recent community poll of bn, more than two-thirds of participants supported the listing of PI. If bn or other major exchanges are listed, the price may rise sharply.
The impact of the US election on cryptocurrency
Donald Trump's return to government will bring a more supportive stance towards cryptocurrencies to the U.S. government, which may benefit projects like Pi Network.
PI Technical Analysis: Breakthrough Coming Soon? PI recently broke through the strong resistance level of $1.75, indicating that the bulls have taken the lead.
Bollinger Bands: On the four-hour chart of PI, the Bollinger Bands have narrowed, indicating that a significant price movement is imminent. Parabolic SAR: This indicator also suggests an upward trend, supporting a bullish outlook.