Pi Network (PI) is making another run through the $1 barrier, creating a renewed interest among investors as well as raising warnings. Now trading at $0.7225, the cryptocurrency has shown massive movements overall and just moments ago saw some major increases and losses on the market. It remains to be seen what the short-term trajectory of Pi Network (PI) will be. It’s at a very important crossroads that probably will determine its near term future. In this article, we’ll look at what’s making Pi Network’s price surge. It covers the newly switched bullish trends, whales movements on wallets, potential catalysts for the market.

Recent Price Action and Technical Indicators

Pi Network (PI) had the 57th largest daily drop at -3.50%. It had proved extraordinarily robust by rallying 30% the last two days. This increase is due to the creation of two bullish engulfing candles from May 8-9, 2025. These candles are a clear indication of aggressive buying.

Technical analysis paints an extremely bullish picture. The 50 and 100 exponential moving averages (EMAs) are currently riding a positive crossover, further enhancing confidence in the market’s bullish momentum. The neckline at $0.77 continues to be an important resistance level. A breach of this magnitude would set the stage for major winnings, possibly doubling the coin’s value.

Failure to overcome the resistance zone at $0.70 may lead to a price correction towards the 200 EMA at $0.69. As a result, the current trading range has become a crucial battleground in deciding the appropriation of Pi Network’s short-term direction.

Whale Activity and Market Speculation

Curiosity abounds about one wallet that contains as much as 155 million Pi Network (PI) coins. This colossal amount surpasses the holdings of major crypto exchanges such as Gate.io and OKX, raising questions about the wallet's owner and intentions.

A 70 million PI coins withdrawal from OKX exchange fueled the speculation. That will remain unclear, but this single transaction is adding to speculation by some that the wallet in question could be connected to Binance. This kind of speculation is in line with the rumors circulating about Binance. In addition, they are considering listing Pi Network (PI) if it passes their new token listing requirements.

So as you can see, a Binance listing would be monumental for Pi Network. It would almost certainly expand the pool of possible investors for the project and greatly increase demand. Such a move would quickly shoot the coin price to catch up with its upside potential as high as 100%.

Potential Binance Listing and Price Outlook

The rumors of a potential listing on Binance have injected a considerable dose of optimism into the Pi Network community. At the time, Binance was already one of the world’s largest cryptocurrency exchanges. It’s incredibly competitive and its rigorous pipeline has led to pretty high quality, economically viable projects that it’s doing.

Should Pi Network meet Binance's criteria and secure a listing, the increased liquidity and exposure could trigger a significant price rally. Investors are often led to believe by cryptocurrencies listed on major exchanges that they are legitimate and have promise. This consumer psychology leads to greater turnover and further enhances capital appreciation.

Important to note — a listing is not a lock. Hold all wild speculation and rumor until proven true. The price of Pi Network is largely affected by the market sentiment and overall trends in the cryptocurrency market.