![Pi [IOU] Price Prediction: PI Plummets 27% Ahead of Pi Network OKX Listing As This Solana Layer-2 Solution Goes Ballistic In Presale With $20M Raise](https://insidebitcoins.com/wp-content/uploads/2025/02/INSIDE-BT-14_optimized.jpg.webp)
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The Pi [IOU] price plummeted 27% in the past 24 hours to trade at $61.77 as of 04:25 a.m. EST on trading volume that rose 16% to $906k.
Pi [IOU] is a project set up to capitalize on the hype around Pi Network (PI) before it starts trading, with the OKX crypto exchange announcing yesterday that it will add the Pi Network token to its platform’s spot trading markets.
📢 #NewListing #OKX will list $PI @PiCoreTeam!
🟢 $PI/USDT Spot trading will begin at 8:00 AM on February 20 (UTC)
More: https://t.co/HeKW5ergKh pic.twitter.com/pTy46CVZ8e
— OKX (@okx) February 12, 2025
Users can start depositing their PI from Feb.12. Spot trading is set to officially begin on Feb 20 at 8:00 UTC, while withdrawals for PI will start on Feb. 21 at 8:00 UTC.
PI [IOU] Price Could Still Soar
The Pi [IOU] price has shown significant price action recently, capturing the attention of traders and investors. The most prominent pattern on the chart is the falling wedge, which is typically a bullish reversal formation.
Meanwhile, the Pi [IOU] price was compressing between lower highs and lower lows, indicating that selling pressure was diminishing.
Recently, the price of PI broke out of the wedge with strong bullish momentum, accompanied by a large green candle, pushing the price from around $40 to $61.77, a significant gain of approximately +50% in a short period.
The Relative Strength Index (RSI) is currently in the upper neutral zone at 62, approaching overbought territory. This indicates strong bullish momentum, but there may be a slight pullback before further upside continuation.
The blue Moving Average Convergence Divergence (MACD) line (2.52) is above the orange signal line (3.12). A bullish crossover was confirmed recently, signaling a shift in momentum from bearish to bullish.
The MACD histogram shows increasing green bars, indicating growing buying pressure and strong upward momentum.
![Pi [IOU] Price Chart Analysis Source: Tradingview](https://insidebitcoins.com/wp-content/uploads/2025/02/PIUSDT_2025-02-13_12-25-35-1.png)
Pi [IOU] Price Prediction
According to the PI price analysis, sustained positive momentum on the MACD would support a bullish continuation.
If the breakout holds above the $60 support level, the Pi [IOU] price could test the next major resistance at $70 and potentially extend towards $85-$90, which is a previous high zone.
Conversely, if the price of PI fails to hold above $60, a retest of the wedge’s breakout level around $50-$52 could occur. This zone should act as strong support for a rebound.
Meanwhile, investors are buying a new Solana meme coin called Solaxy (SOLX), which popular YouTube channel 99Bitcoins, with over 724K subscribers, says has the potential to soar 100X post-launch.
Solaxy Presale Closing On $21 Million—Next Big Crypto?
Solaxy, a new layer-2 scaling solution for Solana, has raised more than $20.4 million in its ongoing token presale event.
The project aims to address Solana’s network congestion issues by implementing off-chain processing mechanisms—similar to Ethereum’s layer-2 solutions. This model has already been proven successful on Ethereum through platforms like Arbitrum and Optimism.
By processing transactions off of Solana’s main chain, bundling them together, and then submitting them to the mainnet for final verification, the system enhances efficiency.
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Another massive utility of Solaxy is that it offers the best of both Ethereum and Solana. SOLX merges the benefits of Ethereum’s liquidity and growing decentralized finance ecosystem with Solana’s efficiency and speed, thereby connecting the two most prominent crypto ecosystems in the Web3 space.
The project’s staking program also offers token holders a huge 199% annual return.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001634 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in less than 2 days to lock in the best deal.
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