Pi Network (PI) Price Surges 5% Despite Overall Crypto Market Decline

Pi Network continues to be characterized by high volatility, with wild price movements fueling debate over its future.

The price of Pi Network (PI) has shot up significantly despite the overall crypto market being on the decline.

What Happened: On Friday, PI coin briefly rose 5%, defying the bearish trend sweeping other crypto assets.

The token, known for its high volatility and wild price movements, is now fueling debate over its future. However, many investors remain optimistic about the growth potential of PI coin despite the uncertainty surrounding it.

Since being listed on various Pi coin exchanges on February 20, PI has shown large price fluctuations. Investors are now eyeing a possible listing on Binance, which could further influence the token's price movements.

Anticipation of listing on major exchanges continues to drive speculation, keeping PI in the spotlight even as the crypto market faces turbulence.

How High Can Pi Network Price Go If It's Listed on Binance?

Pi Network recently came into the limelight after Binance held a community vote from February 17 to 27 regarding its potential listing.

Verified users with at least $5 in assets can participate through Binance Square. As a result, 86% out of 294,955 voters supported PI's listing.

However, Binance stated that the results were only “for reference,” leaving room for uncertainty within the community.

On March 8, Binance introduced a new co-governance mechanism for the token listing and delisting process. This system will allow the community to provide input in the future listing of tokens.

Binance acknowledged receiving various suggestions from users and announced that it will update the listing process after further evaluation. The Pi Network community remains optimistic that listings can happen under this new system.

Can Pi Network (PI) Coin Price Jump To $3 Before April 2025?

Currently, Pi Network is already listed on several major exchanges such as OKX, Bitget, MEXC, and Gate.io.

However, tier-1 exchanges such as Binance, Coinbase (NASDAQ:COIN), Upbit, Crypto.com, and Kraken have not yet included this token in their listings.

With a market capitalization of $9.85 billion, Pi Network is ranked 11th on the list of global crypto assets. The token's price movements are being closely monitored, mainly due to speculation regarding a possible listing on Binance.

If Binance does list PI, the new policies introduced by the exchange could affect the accessibility and valuation of the token in the future.

Pi Price Holds Support, Poised For Recovery

The latest price of Pi Network stands at $1.37, recording a slight gain of 5% on Friday morning. However, despite being one of the trending coins, PI is still facing pressure as it struggles to break through major resistance levels.

The price movements are ranging between $1.00 to $2.00, with the potential for a rebound if there is an increase in buying interest.

However, the overall crypto market is undergoing a massive sell-off, with pressure from the bears continuing to push prices lower.

Technical indicators show that Pi is facing challenges to regain its upside momentum. MACD is still in negative territory, signaling that bearish dominance is still present.

Meanwhile, the RSI stands at 35, which is close to oversold levels. This indicates that selling pressure is still strong, but a recovery could occur if there is an increase in demand for the token.

The main support level for Pi is at $1.00, while the key resistance is at $1.50. If the price manages to break above this level, the price could potentially rise towards $2.00, registering a surge of around 43% from current levels.

However, if it fails to hold above $1.50, the price could drop again with $1.00 as the next critical support zone.

Overall, Pi Network's price momentum is still a major concern, especially due to speculation regarding a possible listing on Binance. If the listing is confirmed, the price could be pushed higher and increase optimism among investors.

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Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your