Pi Network (PI) Price Plunges 22.5% Despite Binance Community Poll Resulting in 86% Listing Support

Pi Network (PI) has recently faced a significant downturn, with its price plunging by 22.5%

Pi Network (PI) token has faced a significant setback, with its price plunging by 22.5% in just 24 hours. This decline comes despite the overwhelming support in a Binance community poll, where nearly 295,000 participants voted, with 86% in favor of listing PI on the world’s largest cryptocurrency exchange.

The Binance poll, conducted between February 17 and 27, allowed crypto enthusiasts to decide if they want to see PI token listed on the exchange.

The results of the poll, which closed on February 27, showed strong support for PI’s listing, with 252,437 out of 294,640 voters voting yes.

However, despite this vote of confidence, PI’s price has continued to struggle, with its token price sliding further.

The lack of an official announcement from Binance regarding PI’s listing may be contributing to the token’s continued price struggles.

Binance Poll: Overwhelming Support for Pi Network Listing

The Binance poll on listing Pi Network (PI) token has garnered an overwhelming response, with nearly 86% of participants voting in favor of the listing.

The poll, which closed on February 27, saw a massive turnout, with 294,640 participants weighing in on the decision.

Out of the total votes cast, 252,437 voted yes, showing strong support for including PI on Binance.

Only 42,203 participants voted no, indicating less enthusiasm for the listing.

The results of the poll are significant as Binance often takes community feedback into account when making listing decisions.

However, it's important to note that Binance has yet to confirm if it will be listing PI token despite the strong support from its community.

Pi Network Token Price Plunges Amid Binance Silence

As the dust settles on the Binance poll, which saw an overwhelming majority vote in favor of listing Pi Network (PI) token, the token has faced a setback.

In the past 24 hours, PI's price has tumbled by 22.5%, further complicating the token's recovery.

The poll, which closed on February 27, saw 294,640 participants, with 86% voting yes to include PI on Binance.

The results come amid broader cryptocurrency market weakness, which has seen major tokens like Bitcoin and Ethereum suffer losses.

The lack of an official announcement from Binance regarding PI's listing may also be contributing to the token's continued price struggles.

Key Resistance and Support Levels

Momentum Indicators Confirm Bearish Sentiment

What's Next for PI: Key Levels to Watch

If PI fails to reclaim $1.74, it remains vulnerable to further declines, with $1.20 and $0.99 being the next major downside targets.

On the flip side, a bullish breakout will require strong volume and price action above $1.74, potentially shifting the trend in favor of buyers.

Until Binance confirms PI's listing, the token is in a precarious position, with sellers in control of the market.

Investors should keep a close eye on Binance's announcements, as a positive decision could trigger a much-needed price reversal.Best Wallet Token ($BEST): Secure Crypto Management & High-Yield Staking

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