Has Pi Network Price Kickstarted its Journey to $5 Amid HTX Listing Rumor?

The anticipation of a potential listing on HTX exchange, has caused Pi Network price to edge on volatility. If the listing is announced, the token could attempt a rally to $5. While Binance and Bybit are potentially delaying the list of Pi Coin, other exchanges like OKX & Bitget are not wasting time.

At press time, PI trades at $0.61 with a 3.42% decline in 24 hours. Meanwhile, trading volumes had surged by 27% to $68 million according to data from CoinMarketCap.

Pi Network Price Eyes Rally to $5 Amid HTX Listing Rumor

Speculation is rife within the Pi Network community that traders on HTX, which is one of the largest exchanges with daily trading volumes averaging at around $1.7 billion, will soon have access to PI. This listing will potentially spark a Pi Network price pump and kickstart its journey to $5.

The rumor came to life after several X posts by HTX displaying the Pi Network logo in different scenarios. These posts have the community speculating that the exchange is teasing that the token will debut soon, fuelling a bullish Pi Network price forecast.

Exchange listings tend to have a bullish effect on the price of new tokens such as Pi Coin, with traders now looking to position themselves for the upcoming uptrend. Moreover, after Pi Network debuts on HTX, the trend might be picked up by other trading platforms, including Binance and Coinbase.

Therefore, a rally to $5 might be on the cards soon, and with the circulating supply of around 7 billion tokens, Pi Network would have a market cap of $35 billion, which is achievable. A recent Coingape article also reported that Pi Coin may reach $5 by February 2027 if it gains steadily by 10% each month.

Popular analyst Dr Altcoin noted that, besides the potential exchange listings, the 2025 Consensus event and the end of the ongoing Pi Network unlocks will fuel price gains in mid-May. This also adds weight to the argument that PI has kick-started its journey towards $5.

Pi Network Technical Analysis Amid Oversold Conditions

Pi Network price is under intense bearish pressure as seen in the declining RSI, which has made fresh lower lows and plunged to 30. As long as the RSI line is tipping south, PI will experience headwinds that will prevent any meaningful recovery in the near term.

However, in the past, an oversold RSI has often preceded massive gains for the Pi Network price as traders bought the dip, and if history rhymes, traders should anticipate an uptrend. The confirmation of an upward trend will happen if PI pushes past the resistance at $0.63, which will fuel another 16% rally to $0.73.

To sum up, Pi Network price might have started its journey to $5 amid growing speculation that the HTX exchange will list the token. As traders anticipate the listing, the RSI on PI’s four-hour chart might recover from the current oversold conditions and fuel a rally to $0.73 or even $1.