Pi Network (CRYPTO: PI) rose 30% throughout Asia trading hours Friday after Kraken revealed it will note the cryptocurrency ahead of Pi Day on March 14.
The Kraken Listing Driver
Kraken’s listing statement activated the rally as PI appeared on a significant U.S.-regulated exchange.
The token is currently noted on OKX, Gate, and Bitget, however Kraken’s entry broadens access to mainstream retail and institutional traders.
The timing accompanies Pi Day on March 14, a vacation commemorating the mathematical consistent where the very first 3 digits are 3.14. The date has actually ended up being a marketing chance for Pi Network, comparable to how pizzerias and pastry shops use discount rates.
Pi Network is a mobile-first cryptocurrency job that changes conventional proof-of-work mining with a phone-based trust chart.
Users tap a mobile app day-to-day to “mine” tokens and form identity-verified security circles that feed into an agreement system originated from the Excellent procedure.
The Rip-off Accusations
The listing comes in spite of debate surrounding the job. In February 2025, Bybit CEO Ben Zhou openly declined to note PI and called the job a fraud, mentioning a 2023 caution from Chinese cops.
Chinese authorities declared Pi Network targeted senior users, gathered individual info, and triggered some victims to lose pension cost savings.
Zhou has actually kept his rejection to note the token in spite of its existence on other significant exchanges.
Pi Network introduced its externally linked mainnet in February 2025 after running for several years in a closed environment. The job declares about 19 million KYC-verified users and approximately 10 million accounts moved to the chain.
The Technical Setup
PI crashed 70% from August highs near $0.45 to $0.12 by late February. However rate introduced off that flooring in early March with strong green candle lights, almost doubling from lows in simply 2 weeks.
The healing structure looks motivating. PI broke above a rising channel, suggesting purchasers are actioning in at gradually greater levels.
Rate is now pressing into the $0.28-$ 0.30 zone, which was essential resistance from January.
RSI sits at 77.76, securely in overbought area. The rally has actually been quickly and aggressive, recommending some pullback or cooldown would not be unexpected.
Tomorrow being Pi Day might squeeze rate greater short-term, however overbought conditions plus an occasion driver typically establishes a “offer the news” response after March 14.
The Secret Levels
If PI holds above $0.28-$ 0.30 and turns it into assistance, next targets relax $0.35 and after that $0.41.
A healthy pullback towards $0.22-$ 0.25 would validate purchasers are severe instead of simply chasing after a fast spike.
Stopping working to hold above $0.25 might suggest this is simply a dead feline bounce within the larger drop, with $0.16 ending up being the next safeguard.
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