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Even as Pi Network marks its sixth anniversary on March 14, 2025, Pi Coin has been a hot issue in the crypto community. Binance has not confirmed a listing despite much speculation, which resulted in a notable 11.50% price drop. Pi Coin trades right now at $1.46, just below the crucial $1.50 mark.
Users who have completed their KYC process are experiencing difficulties transferring their Pi tokens. The issue, reportedly linked to the PI$PI team, has contributed to market uncertainty. Despite these setbacks, Pi’s real-world adoption is growing, particularly in China, where businesses are accepting Pi for payments, from restaurants to retail stores.
With no official Binance announcement, Pi Coin remains in limbo. If Binance lists Pi, we could witness a surge, potentially pushing the price toward the $2.00 mark. However, in the absence of a listing, Pi’s price may continue facing downside pressure.
Analyzing the PI/USDT 4-hour chart, the price is forming a symmetrical triangle pattern, indicating a phase of consolidation. Here’s what traders should watch:
Support Level: Near the lower trendline of the pattern, around $1.40-$1.46.
Resistance Levels: If bullish momentum picks up, Pi Coin could target $1.80 and later $2.00.
Bearish Scenario: A breakdown below the lower trendline could push Pi Coin toward $1.20 or lower.
RSI Indicator: At 40.28, showing mild bearish momentum, but a reversal is possible with increased buying pressure.
Source: TradingView
Although the increasing acceptance of Pi Network is encouraging, investor confidence depends on exchange listings and better token liquidity. While ongoing delays might cause more declines, a confirmed Binance listing could set off a price explosion.