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Pi Coin (PI/USDT) price today witnessed extreme volatility, surging to a staggering $200 before experiencing a sharp retracement. The sudden spike and collapse have left traders questioning whether Pi Network price has more room to rise or if a deeper correction is on the horizon.
Adding to the excitement, Binance has launched a 10-day community vote to determine whether Pi Coin should be listed on the exchange. This has fueled speculation and increased trading activity, but questions remain about Pi’s mainnet status and liquidity concerns.
Pi Coin’s Explosive Rally and Pullback
The PI/USDT pair on BitMart saw an extraordinary price surge, reaching $200.55, marking one of the most volatile days in the token’s trading history. However, the price could not sustain these levels, rapidly dropping back to the $68.37 support zone.
This wild price action highlights Pi Coin’s high volatility, with speculative interest driving extreme swings. The ongoing Binance listing vote could add further uncertainty, as traders speculate on whether a major exchange listing would bring more stability or invite even more price fluctuations.
Key Pi Network Price Levels to Watch
Looking at the technical chart, several key levels stand out:
- PI Resistance Levels:
- $75.16 – Immediate resistance
- $100.03 – Major psychological level
- $137.57 – Previous rejection point
- $200.55 – Recent peak
- PI Support Levels:
- $68.37 – Current support
- $65.94 – Next demand zone
- $53.08 – Stronger support level
Technical Indicators Signal Weakness After the Rally
- Relative Strength Index (RSI): The RSI peaked near 75 (overbought zone) but has since dropped to 52.23, signalling a cooldown.
- MACD Indicator: The MACD remains bullish, with the MACD line at 10.89, but a bearish crossover may emerge if selling pressure persists.
Binance Community Vote: A Game-Changer for Pi Coin?
Pi Coin’s surge comes amid Binance’s 10-day community vote, where users can decide whether Pi Coin should be listed on the exchange. If successful, this could bring greater liquidity and credibility to Pi Network price, potentially attracting new investors.
However, concerns remain about Pi Coin’s mainnet status, as many exchanges still list it as an IOU (I Owe You), meaning trading activity may not fully reflect real asset ownership. If Binance proceeds with a Pi Coin listing, it could significantly impact Pi Coin price prediction in the coming weeks.
What’s Next for Pi Coin?
The dramatic price swing suggests that Pi Coin price prediction remains uncertain, with traders closely watching whether PI/USDT stabilizes above key support levels. A break below $65.94 could accelerate losses toward $53, while a rebound above $75.16 might trigger another bullish attempt toward $100.
With Binance’s community vote ongoing, Pi Coin could see renewed buying pressure if a listing announcement follows. On the flip side, failure to secure a Binance listing might result in further downside volatility.
Final Thoughts
The Pi Network price today reflects high speculative interest, making it crucial for traders to manage risk effectively. While some investors see Pi Coin’s price surge as a sign of future potential, the sharp drop highlights the risks involved.
Will Pi Coin price recover, or is this the start of a larger selloff? Could a Binance listing finally legitimize Pi Coin? Let us know your thoughts in the comments!