- Pi token has dropped 31% in a week, trading at $1.16, and is struggling to stay above support levels.
- Binance excluded Pi Coin from its “Vote to List” campaign, citing its focus on BNB Smart Chain projects.
- The coin’s future remains uncertain, with potential for recovery if it gains support or further decline if resistance holds.
Pi token, which has been in the spotlight within the crypto world, is declining at the moment. The coin has declined by 31% over the last week, with its price being reduced to $1.16. This is a sudden plunge that has created pressure for the coin to stay above support levels.
Can Pi token Recover?
Currently, Pi Coin is just below the resistance level of $1.20, which will be a huge factor in where it goes next. If the coin is able to break through this level and maintain its position, it has the potential to pick up steam and move higher toward $1.40 or even $2.
This would give hope to investors seeking a turnaround. But if the price does not hold, it could keep on declining and touch levels around $1.05 to $1.02. The coming days will be very important in determining whether the coin will recover or experience further loss.
Binance’s Decision and Its Impact
Making things worse, Binance recently took a step that added more uncertainty to Pi Coin. The exchange, being famous for “Vote to List” campaigns, did not shortlist Pi Network in its current voting round. Most in the crypto space were anticipating Pi Coin to be featured in the vote, but its exclusion came as an unexpected surprise.
Binance later stated that the campaign was specifically targeting projects developed on the BNB Smart Chain, thereby excluding Pi token.
The exchange further clarified that its listing decisions for the campaign were strict and based on this single condition, leaving no room for Pi Coin. This has further complicated Pi Coin’s chances of gaining exposure and attracting more investors.
During a period when Pi Coin was expecting to be listed on big exchanges such as Binance and Coinbase, this failure has cast uncertainty over its future. Although the coin can still recover if it gets support, its path remains unclear. Traders and investors are watching to see if Pi Coin goes up or down.
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