PI token surged 10 percent in the past 24 hours, reaching $0.6872 amid heightened trading activity. Trading volume rose by 40 percent, signaling increased investor interest following fresh speculation about upcoming exchange listings.
This price move came as part of a broader market rebound. Bitcoin reclaimed the $103,000 mark, and Ethereum crossed above $2,200, providing a supportive environment for altcoin growth. However, the rally related to PI caught the attention because of certain developments about its circulating supply.
An unexpected spike in PI’s circulating supply briefly showed an increase from 7 billion to 12 billion tokens. According to analyst Dr. Altcoin, the surge was short-lived and reversed quickly, but it attracted wide attention.
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Market observers suspect this event was a deliberate liquidity stress test linked to creating a 5 billion PI liquidity pool, which many see as a sign of readiness for major exchange listings. Platforms such as Binance, BitMart, and HTX have been mentioned in speculative circles as possible destinations.
Technical Breakout Fuels $1 Price Target
Technically, PI has broken above its 20-day exponential moving average at $0.6291. More importantly, it cleared a key resistance zone between $0.66 and $0.67, backed by substantial volume. The breakout indicates momentum building toward a possible $0.85 to $1.00 price range.
The MACD indicator shows continued bullish momentum, with the MACD line positioned above the signal line and both above the zero line. Also, the histogram bars are presented in green and increased, indicating mounting buy pressure.
In the meantime, the Relative Strength Index is 78.92, putting the token at the overbought level. A short-term pullback or consolidation is possible. Support levels include $0.6317, $0.6202, and $0.6109. A greater correction is possible should the price drop below $0.6016.
The price surge in PI tokens has been closely associated with exchange listing rumors and sudden supply events. Technical momentum is still very high, speculation is building, and traders are now waiting for confirmation of listings that may violently shake the market.
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