Pi Network's PI token experienced a significant surge during Friday's early Asian trading session, climbing approximately 30%. According to CMC data, the token rose from a daily low of $0.2356 to an intraday high of $0.2969, marking its highest level since October 27, 2025, when the token faced multiple resistance attempts near $0.30. This strong rally brings PI's weekly gains close to 45%, with the current price hovering around $0.2920.
Market speculation suggests that the surge may be linked to the potential listing of the PI token on the Kraken exchange. While Kraken has not officially announced the listing, traders appear to be positioning themselves in advance.
Fueled by the news, the PI coin soared to the $0.29 area, marking an increase of over 125% from its all-time low of $0.1312 on February 11, 2026.
Technical Analysis: Bullish Signals for Pi Coin
From a technical standpoint, Pi coin's price action indicates sustained bullish momentum. The daily chart reveals that the 9-day moving average (MA) of 0.2319 has crossed above the 21-day moving average of 0.1960, confirming a bullish MA crossover pattern.
However, given that Pi coin has faced resistance near $0.30 for several months, any sustained rejection could push the token back towards key support levels at $0.2319 and $0.1960. Historically, new exchange listings often trigger short-term price increases, so a Kraken listing could potentially drive prices higher again, but such gains may be temporary.
Overall, PI's recent surge reflects a combination of market anticipation and technical momentum. Whether this rally can break through $0.30 and consolidate within the $0.27 to $0.30 range ahead of Pi Day remains to be seen.