- Speculation about a Binance listing has raised expectations of a 100% surge in Pi Coin’s price.
- Pi Coin shows signs of recovery despite a market downturn, with key technical indicators pointing to a potential rebound.
Pi Coin has faced a sharp decline amid a broader market downturn, leaving traders uncertain about its future. However, the speculation around a Binance listing has people hoping for a big bounce. With technicals looking good and a strong community push for the listing, analysts think Pi Coin could go up by 100%. Meanwhile, everyone is waiting for Binance to respond as the anticipation builds for a listing.
Pi Coin Struggles Amid Market Downturn
Pi Coin has faced a sharp decline, losing 24% of its value during a global crypto market crash that erased $160 billion from the sector. Analysts link the downturn to broader economic factors, including the impact of Trump’s tariff policies and large institutional sell-offs by firms like BlackRock.
Over the last 24 hours, Pi Coin has fallen 13% to $2.30, and volume has dropped 56.7% to $1.53 billion. This has got investors worried, but some indicators suggest a rebound may be around the corner.
Despite the sell-off, key technicals are looking for a reversal. The Relative Strength Index (RSI) is at 31.36, near the oversold level of 30. Historically, when the RSI is below 30, it’s an opportunity to buy at a discount.
For Pi to bounce, it needs to break above $2.56, and that could trigger a move to $3. If buying momentum increases, Pi Coin could reclaim its lost ground. But if it fails to hold key support, it could go further down.
Binance Poll Sparks Listing Speculation
The possibility of a Binance listing has become a major topic of discussion within the Pi Network community. As reported by ETHNews, Binance recently conducted a survey asking users if Pi Coin should be added to the platform, with 86% voting in favor. While no official listing confirmation has been made, the overwhelming support has fueled expectations that Pi could soon be available on the exchange.
Historically, new listings on Binance have resulted in substantial price increases, as the exchange provides enhanced liquidity and broader market access. Analysts predict that if Pi Coin secures a spot on Binance, its price could surge beyond $3.67, with potential gains pushing it toward $4.20. Some crypto influencers have even speculated that Pi could reach $10 shortly after a listing, mirroring the performance of other newly listed tokens.
Pi Network’s Future and Key Deadlines
Beyond market speculation, Pi Network recently extended its Know Your Customer (KYC) verification and mainnet migration deadline to March 14, 2025. The extension aims to allow early users, known as Pioneers, more time to verify their accounts and transfer balances to the mainnet. The Pi team emphasized that this is the final extension, warning that users who fail to complete the process may forfeit their mobile-mined Pi.
The announcement comes at a time when Pi Network is gaining traction, with over 35 million users participating in its ecosystem. Analysts believe that once the migration is complete, Pi Coin’s value could see additional growth, as a fully verified network would improve adoption and credibility.
As the market awaits Binance’s decision, traders are closely watching Pi’s price movements. If the token maintains support above $2.10, another rally toward $2.50, $3, or even $5 remains possible. However, if it breaks below key levels, further declines to $1.50 or $1.00 could follow. Pi’s next move could determine its long-term standing in the crypto market as the selling pressure eases and speculation mounts.
The post Pi Coin’s Fate Tied to Binance – Here’s Why a 100% Surge Is Possible appeared first on ETHNews.
