Pi Network (PI) officially opened to external trading on February 20th, 2025, after years of anticipation. The token initially surged to $1.84 but quickly dropped to $0.64 as trading activity intensified. This early sell-off suggested that many holders took the opportunity to liquidate their tokens after the network transitioned to an open trading environment.

However, the price has since rebounded dramatically, increasing by 97% in the last 24 hours. This rapid rise has made Pi the top trending coin on CoinMarketCap. Additionally, a community vote on Binance showed that 85% of users supported listing PI on the platform, which has further fueled interest in the coin.

In just one day, Pi Coin saw an impressive 159.83% surge in price, reaching as high as $1.72 before stabilizing around $1.40. This rebound reflects strong buying interest and renewed confidence from the Pi Network community.

Currently, Pi Coin is priced at $1.32, with a high of $1.52 and a low of $0.72. The price has shown signs of a bullish rally after breaking through key resistance levels, but some signs of potential short-term pullbacks are also emerging, with some traders noting bearish RSI divergence.

Looking ahead, analysts are watching whether Pi will be able to maintain its momentum. If the price can hold above $1.10, there may be potential for further growth. However, if the coin fails to sustain its current price levels, it could face a pullback toward $0.94 to $1.00.

As the Pi Network continues to develop and attract global attention, the coming days and weeks will likely reveal whether this surge is the beginning of a larger trend or just a temporary rally.