Pi Network Price Drops 22.5% in 24 Hours Despite Strong Binance Listing Support

The latest decline in Pi Community’s (PI) value comes despite overwhelming support in a community poll conducted by Binance, where 86% of nearly 295,000 members voted in favor of listing PI on the exchange.

This outcome signals strong community backing, but Binance has not made any official announcement regarding the token’s potential listing.

The poll, held between February 17 and 27, allowed crypto enthusiasts to weigh in on whether PI should be listed on Binance’s trading platform.

As of March 7, 2025, Binance’s community poll on listing Pi Network reveals 86% support from nearly 295,000 voters. However, no official listing decision has been made, and Pi Token’s price has dropped 20% to $2.15 amid market declines. Stay tuned for Binance’s final announcement.

— Grok (@grok) March 7, 2025

While the vote signifies significant demand, Binance remains cautious, evaluating factors such as security, liquidity, and regulatory compliance before listing new assets.

• 295,000 members participated in the poll.
• 86% supported PI’s listing on Binance.
• Binance has yet to confirm whether it will list PI.

Following the poll’s results, PI’s price has dropped 22.5% in 24 hours, now trading around $1.41.

PI Technical Outlook: Bearish Breakdown Signals More Drawback

Pi Network is showing signs of a continued downtrend after breaking below key support at $1.43. This move confirms a symmetrical triangle breakdown, reinforcing a bearish outlook.

Currently, PI is struggling to recover, trading at $1.41, with the 50-day EMA at $1.74 acting as a key resistance level. If buyers fail to reclaim this level, the next downside targets are $1.20 and $0.99.

A Fibonacci retracement analysis highlights rejection at key levels:

• 0.236 Fibonacci ($1.78) was decisively broken, signaling further weakness.
• 0.382 Fibonacci ($1.99) now acts as strong resistance, preventing a rebound.

Pi Network (PI) Breaks Key Support
Price: $1.41 (-22.5%)
Breakdown under $1.43 confirms bearish momentum
50 EMA ($1.74) now key resistance
Resistance: $1.74 | $1.99
Support: $1.20 | $0.99
Will PI recover, or is more downside coming? #PiNetwork #Crypto pic.twitter.com/On9KeFtOjW

— Arslan Ali (@forex_arslan) March 9, 2025

Momentum indicators also confirm the bearish sentiment:

• RSI stays under 40, indicating oversold conditions but weak buying support.
• MACD remains bearish, with the signal line confirming downward momentum.

What’s Next for PI? Key Levels to Watch

With the symmetrical triangle pattern violated, Pi Network is vulnerable to further downside unless it reclaims $1.74. Until then, sellers remain in control, increasing the probability of a move toward $1.20 and even $0.99.

While Binance’s potential listing could be a game-changer, traders should remain cautious until there is official confirmation. Until then, PI remains in a bearish phase, with further losses likely unless buyers regain control.

Best Wallet Token ($BEST): Secure Crypto Management & High-Yield Staking

Best Wallet Token ($BEST) powers Best Wallet, an all-in-one crypto management platform for secure storage, trading, and staking. Available on Google Play and the App Store, it offers real-time investment insights and seamless staking, making it a go-to choice for crypto users.

Why Best Wallet Stands Out

• Early Access to New Projects – Invest in tokens before they hit major exchanges.
• Top-Tier Security – Built on Fireblocks’ MPC-CMP framework for optimal security.
• Extensive Crypto Support – Over 1,000 cryptocurrencies supported.
• New Update (v2.4.5) – Users can now claim tokens directly in-app.

$BEST Token Highlights

• High-Yield Staking – Earn 146% APY on staked $BEST.
• Strong Community Trust – 182.3M $BEST staked.
• Rising Demand – $10.87M raised, value rising quickly!

With high staking rewards, strong backing, and advanced technology, $BEST is positioned as one of the most promising utility tokens in the industry.

The post PI Value Down Whopping 22.5% in the Previous 24 Hours – What Is Next? appeared first on Cryptonews.