Pi Coin, a digital currency gaining attention in the crypto market, has seen a significant rise of over 7 per cent in the last 24 hours. This increase brings Pi Coin closer to the $2 threshold, with its current trading value fluctuating between $1.60 and $1.70. Despite a downturn in the overall crypto market, investors are maintaining a positive outlook, anticipating a possible market reversal soon.
Will Pi Coin make a comeback?
Technical analysis of Pi Coin’s recent price movement shows a mix of signals. The MACD (Moving Average Convergence Divergence) indicator suggests that the coin might be experiencing bullish momentum, though the RSI (Relative Strength Index) remains below 50, indicating that the road to a full recovery might be slow unless market conditions improve. However, the strong support from the Pi community, coupled with speculation about a potential Binance listing, could act as a catalyst for further price increases. If Pi Coin can break through the $2 resistance point, the path for additional upward movement could open up, especially if Binance announces its listing.
Binance hints at Pi Coin listing
Adding to the anticipation, the Pi Coin community was recently stirred by a cryptic tweet from Binance’s Intern X Twitter account. The post, featuring the phrase “If you’re reading this, you’re a real one” along with a Pi symbol, marked the first time Binance has made a direct reference to Pi Coin. While it remains unclear whether this is merely a playful tweet or a teaser for something more significant, it has sparked widespread speculation. A follow-up tweet asking, “If your favourite project was a dessert, what would it be?” accompanied by a pie emoji further fuelled curiosity, leaving Pi supporters eager for more clues.
All eyes are now on March 14th, also known as Pi Day, a date that has piqued the interest of many within the Pi community. Some experts speculate that this could be the perfect moment for Binance to announce the listing of Pi Coin. Should that happen, it’s likely that other major exchanges like Coinbase, Kraken, and Crypto.com would follow suit, increasing Pi Coin’s liquidity and overall exposure to the broader market.
Pi Coin enjoys one of the most loyal communities in the cryptocurrency world, with many users having mined the coin since its inception in 2019. Some have even locked their tokens until 2027, demonstrating long-term confidence in the project. If Binance does confirm its listing, the combination of strong community support and increased market attention could lead to a significant surge in Pi Coin’s price and adoption.
Looking ahead, if Binance announces its listing on or around March 14th, Pi Coin’s price could rapidly rise, with short-term targets possibly reaching $2.50 to $3.00. In the mid-term, if other exchanges follow Binance’s lead, the coin could exceed $5. However, in a more bearish scenario where no listing is confirmed, Pi Coin may fall back to its current range of $1.50 to $1.60. With strong community backing and increasing market speculation, March 14th will be a crucial day for Pi Coin’s future trajectory.
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