Here’s Why Pi Coin Price Exploded 31% Today (2 Main Reasons)

Pi Coin just ripped 31% higher. The price shot up from around $0.22 to hit $0.2990 before settling back to $0.2916. Traders woke up to green candles and started asking what happened.

Here are the two reasons behind the move and what the chart says about where Pi goes next.

The Two Catalysts Behind Today’s Pump

Reason 1: Kraken Listing

Kraken, one of the biggest crypto exchanges, announced it will list Pi Network token. Trading starts March 13, which is tomorrow. This matters because Kraken opens the door to more traders, including those in the US who couldn’t easily buy Pi before.

Reason 2: Mainnet Upgrade Moving Forward

The Pi Core Team has been working on a protocol upgrade. Node operators needed to complete Step 3 of the node migration process by March 12. That deadline just passed, and the network is moving ahead with the upgrade. This brings Pi closer to full mainnet functionality.

Pi Coin Chart Analysis

We had a look at the Pi Coin chart. Price was stuck between $0.12 and $0.22 for weeks. Then it broke through like the ceiling disappeared. It blew past $0.22, $0.24, and $0.26 without looking back. The top so far is $0.2990.

Key Levels

The 200-day moving average sits at $0.2298. Price is now way above that. When an asset holds above its 200-day MA, it usually means the longer-term trend is turning around.

Support levels to watch:

• First support: $0.278 (where price paused after the peak)
• Next support: $0.262 (old resistance that could become support)
• Main floor: $0.2298 (the 200-day MA)

Resistance levels ahead:

• First resistance: $0.2990 (today’s high)
• Next target: $0.304 (visible on the chart wick)
• Bigger target: $0.32 (psychological round number)

RSI on the Pi Coin chart shows 82.98. That’s high. Anything above 70 means the move got stretched. This tells us momentum is strong right now, but price might need to cool off before going higher. The pullback to $0.2916 makes sense with RSI this high.

Read also: DeepSeek Predicts Cardano and Pi Coin Prices If the US–Iran War Ends

Short-Term Pi Coin Price Prediction

If the Pi Coin price breaks above $0.2990 and holds, the next stop is $0.304. Clear that and $0.32 comes into play. The Kraken listing goes live tomorrow, so buying pressure could stick around.

If $0.2990 rejects price, expect a pullback to $0.278 or maybe $0.262. That would actually be healthy. It lets the RSI cool down and gives new buyers a better entry.

Pi Day is March 14. That’s tomorrow. The community celebrates every year, and price sometimes moves around this date.

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