Why have those pseudo-professionals who were criticizing pi after going online become mute one by one?

Pi went online just a week ago, with the price soaring more than 3 times!

The highly anticipated Pi Network officially launched on mainstream international exchanges on February 20, with an opening price of only 0.6015 USDT. Just one week later, today’s opening price has reached 1.8146 USDT, an increase of more than 3 times, securing the 8th position on the global popular cryptocurrency rankings within just 7 days!

In the world of cryptocurrency, the launch of the Pi Network mainnet is considered one of the most noteworthy events in recent times. Since the mainnet launch on February 20, 2025, the price trends of its native cryptocurrency PI have been like a thrilling roller coaster ride, rebounding strongly within a week with an increase of over 150%.

On the day of the launch, the entire cryptocurrency market was shaken. Many users eagerly waited in front of their phones or computers, anticipating the migration of their testnet data to the mainnet.

After the Pi Network mainnet went live, the price trend of PI became the market focus. In the early stages of the launch, due to massive sell-offs by early miners, the price of PI briefly fell to a historical low of $0.60, causing panic and disappointment among many investors.

Subsequently, PI quickly rebounded strongly, embarking on an astonishing upward journey. In just one week, the price increased by over 150%, with an average trading price of about $1.64, and today it soared to $1.81. This astonishing recovery speed not only left those who sold at the low feeling regretful but also sparked heated discussions and speculation about its future price trends.

Recent community voting has triggered speculation about the potential listing of PI on Binance, further igniting optimistic sentiment in the market. As one of the largest cryptocurrency exchanges in the world, if PI can successfully list on Binance, it will gain more liquidity and attention, attracting more investors to participate in trading.

From the hourly chart, PI has formed a classic 'cup and handle' pattern, which is a common bullish continuation pattern. In technical analysis, the cup and handle pattern typically indicates that the price will rise further after breaking through the neckline resistance. Currently, PI is testing the key neckline resistance zone around $1.64, and if it can successfully break through, it may trigger a significant rebound, with target prices ranging from $2.30 to $2.40, representing a 45% upside potential from current levels.

#pi