Pi Network’s PI token kept advancing even as the broader crypto market remained under pressure, reaching $0.2010 on Friday and extending the rebound that began on March 10. According to the source material, the token is now up 56% from its lowest level of the year, putting it in a technical bull market and lifting it to its highest price in more than two weeks.
The move is being linked to expectations around Pi Day, which falls on March 14. Pi Network has historically used that date to publish major updates. In a recent post, the team said it hoped the current phase of the network upgrade would end on that day, a detail that has helped drive speculation over what could be announced next.
Pi Day speculation becomes the key near-term catalyst
Discussion around Pi Day has intensified. Some crypto traders believe U.S. exchange Kraken could decide to list PI on that date. The report says Kraken added the token to its listing roadmap for the year in February. Traders are also watching for possible news tied to a decentralized exchange, an automated market maker, and a token generation feature.
Developers expect those tools to support token demand over time. In the shorter term, buying interest has also been helped by dip-buying after PI fell to a record low in February. The source notes that this pattern is common in crypto markets, with investors often stepping in after sharp declines and turning to short positions when assets reach extreme highs.
Eight-hour chart points to continuing momentum
On the technical side, the eight-hour chart shows PI rebounding strongly from $0.1300, even during a wider market sell-off. The token has moved above the “ultimate resistance” level on the Murrey Math Lines tool and has also climbed past its 50-period moving average. That crossover is presented as a sign that the bullish trend remains in place.
Momentum indicators are also firm. The Average Directional Index, or ADX, has risen to 32, suggesting trend strength has improved. Based on the original analysis, traders are now watching $0.2500 as the next key resistance level if buyers keep control.