$Pi coin rose more than 61% to $1.27 today, with trading volume up 558% to $1.38 billion. Today, $Pi coin ranks second in the list of most trending cryptocurrencies, second only to Bitcoin ( $BTC). Pi coin has risen 114% in the past 7 days and 218% since its low of $0.40 on April 4, 2025. Some possible reasons for Pi's rise are as follows:
1. The Pi core team tweeted that an ecosystem announcement will be made this Wednesday (May 14, 2025). Speculators are buying Pi coins before the news is released to reflect this possible good news in advance.
2. Pi coin is still expected to be listed on major exchanges such as Binance, Coinbase or Upbit, which has aroused investor enthusiasm because such listing activities may increase the accessibility and demand of Pi coin. In addition, there is increasing speculation about reducing the circulating supply by burning tokens, which may form a favorable supply and demand pattern.
3. Bitcoin ($BTC) has continued to rise recently and has driven the cryptocurrency market up. This has also helped the rise of Pi coin.
4. From a technical perspective, Pi has been bottoming out since hitting a low of $0.40 on April 4, 2025. Two days ago, it broke through the resistance level of $0.78, and today it broke through the resistance level of $1.12. The fear of missing out (FOMO) sentiment is forming a strong upward momentum. The next two resistance levels are $1.50 and then $2.