Despite a significant drop in the cryptocurrency market over the past 24 hours, with Bitcoin and altcoins experiencing substantial losses, Pi Network (PI) has demonstrated remarkable resilience. The PI price has gained ground on the charts, currently trading above $1.565, representing an impressive rebound from its all-time low of $0.60. This strong recovery is seen as a positive sign. The 2-hour chart shows a Cup and Handle pattern forming, indicating potential for further movement. While the price remains relatively stable within a key resistance zone around $1.43-$1.70, analysts believe that a successful breakout above this level could trigger a rally towards $2.30-$2.40, representing a 54% increase from current levels. Conversely, failure to hold above the $1.43 level may lead to a short-term retracement in price. However, overall sentiment remains positive with speculation around a potential Binance listing potentially driving further demand for PI. Traders are advised to closely monitor the resistance at $1.70 and the crucial support at $1.43 to anticipate the next significant movement.