Pi Coin, once hailed as a potential competitor to Bitcoin and Ethereum, is grappling with significant market challenges. Amid a 24% price plunge and a broader $160 billion cryptocurrency market downturn, investors are questioning whether this signals a temporary dip or the onset of a prolonged decline.
However, technical indicators and growing speculation about a Binance listing suggest a potential rebound, with forecasts indicating a 50–100% surge if Pi Coin gains exchange support. Could this mark the beginning of a recovery?
Why Pi Network Price Dropped?
Pi’s recent decline aligns with a broader market sell-off, exacerbated by global economic tensions triggered by recent trade policies. Institutional sell-offs, including reported activity by BlackRock, have further pressured Bitcoin and Ethereum, dragging altcoins like Pi Coin downward.
Current Pi Coin Metrics:
- Price: $2.30 (12.97% 24-hour drop)
- Trading Volume: $1.53 billion (56.7% decline)
- Market Cap: $15.2 billion
Binance Poll Fuels Listing Speculation
A Binance survey revealed 86% community support for listing Pi Coin. Such a move could enhance liquidity, global access, and adoption, with analysts projecting a post-listing price target of $3.67–$4.20.
👉 How a Binance listing could transform Pi Coin’s trajectory
Technical Analysis: Is Pi Coin Oversold?
- RSI: 31.36 (nearing oversold territory at 30), suggesting dwindling sell pressure.
- Bollinger Bands: Pi trades below the lower band, indicating potential for a rebound.
Critical Price Levels:
- Upside: Break above $2.56** could ignite a 44% rally toward **$3 (ATH).
- Downside: Failure to hold support risks a drop to $1.62.
FAQs
Why did Pi Coin’s price surge recently?
Renewed investor interest, reduced selling pressure, and Binance listing rumors contributed to upward momentum.
Will Binance list Pi Coin?
While unconfirmed, the overwhelming community support (86% in Binance’s poll) heightens anticipation for improved liquidity and price action.
What’s Pi Coin’s recovery potential?
A Binance listing and favorable technicals could propel Pi toward $3.67–$4.20, contingent on broader market stability.
👉 Exploring Pi Coin’s long-term viability
Final Thoughts
Pi Coin’s near-term fate hinges on exchange adoption and market sentiment. With oversold conditions and Binance speculation, traders are watching for signs of a turnaround.
We welcome your insights—share your perspective on Pi Coin’s future below!