PI Price Down Whopping 22.5% in the Past 24 Hours – What Is Next?
Altcoins
Cryptocurrency
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Pi Network’s (PI) recent decline comes despite overwhelming support in a community poll conducted by Binance, where 86% of nearly 295,000 participants voted in favor of listing PI on the exchange.
This result signals strong community backing, but Binance has not made any official announcement regarding the token’s potential listing.
The poll, held between February 17 and 27, allowed crypto enthusiasts to weigh in on whether PI should be listed on Binance’s trading platform.
While the vote indicates significant demand, Binance remains cautious, evaluating factors such as security, liquidity, and regulatory compliance before listing new assets.
- 295,000 participants took part in the poll.
- 86% supported PI’s listing on Binance.
- Binance has yet to confirm whether it will list PI.
Following the poll’s results, PI’s price has dropped 22.5% in 24 hours, now trading around $1.41.
PI Technical Outlook: Bearish Breakdown Signals More Downside
Pi Network is showing signs of a continued downtrend after breaking below critical support at $1.43. This move confirms a symmetrical triangle breakdown, reinforcing a bearish outlook.
Currently, PI is struggling to recover, trading at $1.41, with the 50-day EMA at $1.74 acting as a key resistance level. If buyers fail to reclaim this level, the next downside targets are $1.20 and $0.99.
A Fibonacci retracement analysis highlights rejection at crucial levels:
- 0.236 Fibonacci ($1.78) was decisively broken, signaling further weakness.
- 0.382 Fibonacci ($1.99) now acts as strong resistance, preventing a rebound.
Momentum indicators also confirm the bearish sentiment:
- RSI remains below 40, indicating oversold conditions but weak buying support.
- MACD remains bearish, with the signal line confirming downward momentum.
What’s Next for PI? Key Levels to Watch
With the symmetrical triangle pattern violated, Pi Network is vulnerable to further downside unless it reclaims $1.74. Until then, sellers remain in control, increasing the likelihood of a move toward $1.20 or even $0.99.
While Binance’s potential listing could be a game-changer, traders should remain cautious until there is official confirmation. Until then, PI remains in a bearish phase, with further losses likely unless buyers regain control.
Best Wallet Token ($BEST): Secure Crypto Management & High-Yield Staking
Best Wallet Token ($BEST) powers Best Wallet, an all-in-one crypto management platform for secure storage, trading, and staking. Available on Google Play and the App Store, it offers real-time investment insights and seamless staking, making it a go-to choice for crypto users.
Why Best Wallet Stands Out
- Early Access to New Projects – Invest in tokens before they hit major exchanges.
- Top-Tier Security – Built on Fireblocks’ MPC-CMP framework for maximum protection.
- Extensive Crypto Support – Over 1,000 cryptocurrencies supported.
- New Update (v2.4.5) – Users can now claim tokens directly in-app.
$BEST Token Highlights
- High-Yield Staking – Earn 146% APY on staked $BEST.
- Strong Community Trust – 182.3M $BEST staked.
- Growing Demand – $10.87M raised, price increasing soon!
With high staking rewards, strong backing, and advanced technology, $BEST is positioned as one of the most promising utility tokens in the industry.
- AI Predicts XRP: Claude Makes a Prediction that May Anger the Ripple Maxis
- Jane Street Reports Major Position Across XRP ETF
- Google Gemini AI Predicts Bitcoin Price by the End of 2026
- XRP Price Prediction: Wells Fargo Disclosed Millions in XRP Holding
- Gerber Warns Strategy’s Bitcoin Leverage Could Trigger a Selloff
2M+
250+
8
70
- AI Predicts XRP: Claude Makes a Prediction that May Anger the Ripple Maxis
- Jane Street Reports Major Position Across XRP ETF
- Google Gemini AI Predicts Bitcoin Price by the End of 2026
- XRP Price Prediction: Wells Fargo Disclosed Millions in XRP Holding
- Gerber Warns Strategy’s Bitcoin Leverage Could Trigger a Selloff
More Articles
in numbers
