Pi Coin rise 10% afta dem list am for Kraken as e dey get momentum for mainnet upgrade before Pi Day
Pi Coin (PI) jump high after Kraken confirm say dem go list the PI token, wey boost liquidity and make am more visible to plenty traders. The token dey trade around $0.2747 when report dey, about 9–10% up from the 24‑hour low. The move dey as community activity dey rise ahead of Pi Day (March 14) and mainnet upgrades dey go on for Step 3 node migration and Pi Fuel development after Pi Network launch external mainnet in February 2025. Technical indicators show clear momentum: PI clear the multi‑week $0.20 breakout, make higher highs and higher lows, MACD dey above im signal line and zero, and daily RSI high (around mid‑70s/overbought). Near‑term resistance dey around $0.28–$0.30, supports dey at $0.25 and $0.22–$0.20. Risks include past exchanges wey refuse and controversy—some platforms don refuse to list PI before and critics (including one Bybit CEO comment and one 2023 Chinese police warning wey opponents cite) don raise reputation wahala. Traders suppose monitor Kraken orderbook and exchange flows after listing, on‑chain metrics and node migration progress, plus Pi Day announcements to see if demand go hold. Short‑term outlook: momentum fit continue but volatility high and risk of profit‑taking since technicals overbought.
Bullish
Di Kraken listing don increase PI exchange liquidity and trader access well well, wayy good for price discovery. Di listing sidon dey with active network developments (Step 3 node migration and Pi Fuel work) plus pre–Pi Day community momentum, wey together dey support buyer interest. Technical indicators from both articles dey show breakout from di $0.20 consolidation, higher highs/higher lows, MACD above signal/zero and high RSI—signs sey short-term buying pressure strong. These factors make near-term bullish case: e possible make price continue go towards $0.28–$0.30 resistance. But di RSI readings and the quick move fit bring short-term profit-taking and volatility risk. Long-term sustainability go depend on whether on-chain activity, node migration milestones and repeated exchange demand confirm real utility and liquidity. Reputation risks and past exchange refusals fit cause wahala, so traders suppose dey watch orderbook flows, exchange listings, on-chain metrics and Pi Day announcements to confirm say demand dey steady and no be just short-lived speculative spike.