The post Pi Coin Price Prediction: Can Pi Network Hit $2 Despite Binance Blow? appeared first on Coinpedia Fintech News
The crypto market experienced another busy week, with major events shaking up the landscape. The U.S. Federal Open Market Committee (FOMC) made its decisions, and the long-running XRP lawsuit was finally resolved, bringing relief to the community. However, the Pi Network faced some tough challenges.Â
The migration and Know Your Customer (KYC) process are now complete, but many users were unable to claim their tokens. As a result, Pi fell behind the market, leading to doubts about whether now is a good time to buy.
Among the top 100 cryptocurrencies, Pi was the worst performer last week, losing more value than the rest. A big blow came when Binance refused to list Pi. They stated that any token not listed on the Binance Smart Chain is not eligible for a vote, disqualifying Pi from consideration.
What’s Next For Pi Coin Price?
The Pi token dropped below the $1 mark, after hitting an all-time high of $3 following its Open Network launch on February 20. It hit the lows of around $0.70, leaving many investors uncertain about the future. However, it has now bounced back, trading at around $0.96. Despite the downturn, analysts are spotting potential for a rebound and there are signs that a breakout could happen. If the support level holds strong, Pi could push back toward $2.
The trading volume saw an initial spike but later declined, showing that sellers are currently in control, weakening the momentum of buyers. Ater a 3% drop, the price is approaching the critical $0.70 support level, and if this breaks, it could lead to further drops, potentially down to $0.50 or $0.10.
On the bright side, if Pi reclaims the $1 level, it could trigger an upward move toward $1.20, offering hope for a recovery.
