Binance Pi Network Logo Sparks Hope for Price Recovery
The potential listing on Binance or HTX could trigger a short squeeze, leading to a significant price spike, and the Pi Network community remains hopeful as the market continues to speculate about the future of Pi Coin, with the Binance Pi Network logo sparking renewed interest in the cryptocurrency.
The price of Pi Network's coin has plummeted 50% after its ecosystem announcement on May 14 fell short of expectations, but rumors of a possible listing on Binance and HTX have sparked hopes for a price recovery, with a potential short squeeze triggering a significant price spike.
The current market capitalization of Pi Network's coin has been reduced by $4 billion, but the recent activities of Binance and HTX have fueled speculation about a possible listing. Binance shared an image similar to the Pi symbol, while HTX has been posting about Pi Coin on its social media platforms, further fueling the rumors. If listed, it could lead to a significant price spike, similar to what happened with Alpaca and Orca coins.
The current four-hour chart shows a bearish outlook, but the price is still above a crucial support level, suggesting a possible rebound. A break-and-retest pattern is forming, indicating a general trend continuation, with a potential rally above $1 if the price holds above $0.7882. The Pi Network community has been speculating about a potential listing since February 2025, when Binance sought user opinions on listing Pi Coin, with 86.8% of voters in favor.
While Binance has not made an official announcement, the recent activities have sparked hope for a price recovery. The Pi Network community remains optimistic, and a potential listing on Binance or HTX could be the catalyst for a significant price spike. As the market continues to speculate, the price of Pi Network's coin remains above a crucial support level, leaving room for a possible rebound.