Pi Coin, a digital active ingredient that has drawn attention to cryptocurrency space, is currently experiencing a collapse, trading at $ 1.16 while trying to recover from a major loss. The play took a major success, falling 31% during last week, and is now testing crucial support levels.
Key price levels to monitor
Currently, Pi Coin oscillates around $ 1.16, just below the large resistance level at $ 1.20. The price action in the coming days will probably determine the direction of the future movement of the play.
- Rebound possible? If Pi Coin manages to exceed $ 1.20 and maintain the momentum, the room could see a movement upwards up to $ 1.40 or even $ 2, offering a glow of hope for the bulls.
- Decline possible? On the other hand, if Pi Coin does not hold its current position, the price could fall to around $ 1.05 to $ 1.02.
Binance’s decision and growing concerns
Composing the current Pi Coin difficulties, the global cryptocurrency exchange binance recently made a decision that added to the uncertain future of the play. Binance, known for its “Voting to List” campaigns, excluded the PI network from the last campaign, which allowed users to vote on which nine named projects would be listed on the platform. The decision not to include the PI network raised the eyebrows, because many in the cryptographic community expected the token part of the campaign.
In an official declaration, Binance explained that his initiative “Voting to List” was focused exclusively on projects built on the smart channel BNB, which indeed left Pi Coin outside the equation. “Our Voting To List campaign focuses solely on projects on the BNB smart channel,” said Binance.
This exclusion comes at a time when Pi Coin hoped for an exhibition and a more traditional list on the main platforms like Coinbase and Binance.
