Pi Network's native token, PI, has experienced a remarkable recovery after a brief period of decline. Within the last 24 hours, PI has surged by 6%, reaching a trading price of $1.47 at the time of writing.

This resurgence comes just in time for Pi Day on March 14, creating a buzz in the market with rumors swirling about a potential listing on Binance.

Traders have witnessed a substantial 21.3% leap in PI's value in the past day, primarily fueled by the anticipation surrounding a potential Binance listing and the exciting announcements expected on Pi Day.

As March 14 approaches, marking the deadline for KYC completion and the transition of PI holdings to the Mainnet, enthusiasm for PI has surged, driving its price higher.

The steady climb of PI's Relative Strength Index (RSI) reflects the increasing purchasing activity among spot market participants. The RSI is trending upwards and is poised to surpass the 50-neutral line imminently.

Crossing above the 50-neutral line signifies a shift in momentum from bearish to bullish, indicating a rise in buying pressure that could lead to further price appreciation if the trend continues.

Furthermore, the positive Chaikin Money Flow (CMF) reinforces the positive sentiment surrounding PI. With a value of 0.16, the CMF suggests that buying pressure outweighs selling pressure among PI traders, showcasing investor confidence in the asset.

Despite experiencing a recent 19% decline, PI has the potential for a remarkable recovery. If the bullish trend persists and demand for PI remains strong, there is a possibility of surpassing the crucial resistance level of $1.62.

A successful breach above $1.62 could propel PI towards $2 and potentially bring it closer to its all-time high of $3. However, should profit-taking behaviors resurge, causing selloffs to increase, PI's price may fall back to $1.34.