Pi Network news: Can the price of the Pi coin reach $10?

Pi Network recently turned out to be noticeably better than the main cryptocurrency coin, its price has significantly increased after launching its own network. Future migration terms, potential exchange listing (bn) (and constantly changing political climate (US elections) encourage people to make further assumptions about price growth.
Technical analysis shows that breaking the level at $1.90 may contribute to a price increase to $10.
Pi Network has grown by 6.2% in the last 24 hours, which turned out to be better than Bitcoin +3.4%, Ethereum +3.7%, XRP +3.1%, BNB +4.5%, and Solana +2.6% and other major cryptocurrencies. However, this is not a real surprise. After the mainnet launch, the price of PI surged by 1,676.68%, while during the same period, the entire cryptocurrency market lost 9.9%. This remarkable comparison is also a sign of a major event. With the breaking of the key resistance of PI and the growing rumors about its future inclusion in major exchanges, investors are starting to wonder: how much further can PI rise? Can we see a breakthrough above $2? Let's delve deeper into this.
Why did the PI price rise? Since February 20, PI has risen by a staggering 1,676.68%, rising by 6.9% in the last 24 hours alone. This steady rise indicates that the Pi Network trend is independent of the market and has a strong upward movement.
The main reasons for the increase in prices for PI include several factors that have contributed to the increase in prices for PI:
Network migration deadline is approaching
Pi Network is approaching the final deadline for user asset migration. According to a recent team blog post, March 17th is the last day to complete the migration. Moving to the next phase, investors may face increased pressure to make purchases due to this final deadline.
Potential bn PI
The guesses about bn's listing on the exchange are another key factor. In a recent public opinion poll in the bn community, over two-thirds of participants supported PI listing. If bn or other major exchanges go public, the price could significantly increase.
Impact of US elections on cryptocurrency
Donald Trump, returning to government, may bring greater support for cryptocurrencies to the US government, which could benefit projects like PI Network.
Technical analysis PI: approaching a breakthrough? PI recently broke through strong resistance at $1.75, indicating that the bulls took control.
Bollinger Bands: on the 4-hour PI chart, the Bollinger Bands have already narrowed, indicating an approaching major price movement. Parabolic SAR( reversal point: this indicator also predicts a growing trend, supporting upside potential.