Is PI Coin Making a Comeback? 20% Surge in the Last Two Days!

Pi Network (PI) has broken its prolonged downtrend with a sharp recovery, regaining attention in the crypto market. In the last 48 hours, PI surged by 19.6%, bouncing from $0.86 to $1.01. This price action raises questions: is this a temporary spike or the start of a new uptrend?

What Are the Technical Indicators Saying?

Currently, PI Coin is trading below its 50-day Exponential Moving Average (EMA) at $1.2213. Analysts note that the $1.10 resistance level needs to be decisively breached before a sustained upward trend can be confirmed. If that happens, the next price targets could be $1.22 and $1.35.

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However, if the momentum fades, the price could pull back to $0.86 or even test the lower support at $0.64.

Why Has the Binance Listing Been Delayed?

Despite 86% support in Binance’s community poll, PI Coin has yet to be listed. Industry experts point to ongoing concerns about Pi Network’s blockchain maturity, security, and scalability. These unresolved issues may be holding Binance back from a formal listing.

Key Factors Driving Volatility

• Ongoing uncertainty over Binance listing is undermining investor confidence.
• Unverified token burn rumors are causing market confusion.
• Tight monetary policy from the Fed is constraining liquidity and pressuring risk assets.
• Token losses during the network migration process have triggered an increase in user complaints and dissatisfaction.

Analyst Insights

Market commentators warn that PI Coin remains a highly speculative asset. Without a clear development roadmap and significant technological milestones, its price action is heavily reliant on market sentiment. Unless Pi Network accelerates its development and secures major exchange listings, PI Coin’s long-term potential may remain limited.

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