In the past 24 hours, while the overall digital currency market was bearish, the price of Pi Network (PI) initially faced a 5% growth but is now at $1.38 after a 1.3% decline. These fluctuations have sparked debates about the future of this cryptocurrency. Despite uncertainties, many investors remain hopeful about Pi Network’s long-term potential. Since being listed on various exchanges on February 20, its price has experienced significant fluctuations. However, investors are still awaiting its listing on Binance, an event that could have a significant impact on its price trend. Binance introduced a new mechanism on March 8 for token listing decisions, allowing user participation in the process, increasing hopes for Pi’s addition to Binance. Currently, Pi is traded on exchanges like OKX, Bitget, MEXC, and Gate .io but remains unlisted on major platforms like Binance, Coinbase, Upbit, Crypto .com, and Kraken. Pi’s market cap is estimated at around $9.85 billion, ranking it eleventh in the market. The current price of Pi fluctuates between $1 to $2. If it breaks the $1.50 resistance level, there is a possibility of growth to $2. However, failure could lead to a price drop to $1. From a technical analysis perspective, the Moving Average Convergence Divergence (MACD) indicator remains negative, indicating seller dominance. Additionally, the Relative Strength Index (RSI) at 35 suggests nearing oversold conditions. While selling pressure remains high, an increase in demand could signal a price uptrend. You can track the live prices of all tokens and cryptocurrencies on the real-time digital currency price page.
