Pi Coin, a digital asset that has been gaining attention in the cryptocurrency space, is currently experiencing a slump, trading at $1.16 as it tries to recover from a major loss. The coin has taken a major hit, dropping 31% in the past week, and is now testing crucial support levels.
Key Price Levels to Watch
Currently, Pi Coin is hovering around $1.16, just below the important resistance level at $1.20. The price action in the coming days will likely determine the direction of the coin’s future movement.
- Possible Rebound? If Pi Coin manages to break above $1.20 and maintain momentum, the coin could see an upward movement toward $1.40 or even $2, offering a glimmer of hope for bulls.
- Possible Decline? On the other hand, if Pi Coin fails to hold its current position, the price could drop to around $1.05–$1.02.
Binance’s Decision and Growing Concerns
Compounding Pi Coin’s current struggles, the global cryptocurrency exchange Binance recently made a decision that has added to the coin’s uncertain future. Binance, known for its “Vote to List” campaigns, excluded Pi Network from the latest campaign, which allowed users to vote on which of the nine nominated projects would be listed on the platform. The decision not to include Pi Network has raised eyebrows, as many in the crypto community had expected the token to be part of the campaign.
In an official statement, Binance explained that its “Vote to List” initiative was focused exclusively on projects built on the BNB Smart Chain, which effectively left Pi Coin out of the equation. “Our Vote to List campaign is focused solely on projects on the BNB Smart Chain,” Binance clarified.
This exclusion comes at a time when Pi Coin was hoping for more mainstream exposure and listing on major platforms like Coinbase and Binance.
