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MainNewsPi Network B...

Pi Network Binance Listing: Pi Coin’s Price Jumps 8% to $0.63 Amid Deposit Tests


by Vladimir Popescu
for Watcher.Guru
Pi Network Binance Listing: Pi Coin’s Price Jumps 8% to $0.63 Amid Deposit Tests

Right now, the Pi Network Binance listing rumors are getting louder, and honestly, it’s not just talk this time. At the time of writing, Pi Coin has shot up 6.7% to $0.62, which is pretty significant when you consider trading volumes have also spiked to around $124 million.

What’s really interesting is that this price movement comes right as we’re hearing about Binance possibly testing Pi deposits and withdrawals—not to mention there’s that big Pi Network ecosystem announcement coming on May 14.

Pi Network price chart showing current price of $0.62 and 6.7% increase
Source: CoinGecko

Also Read: BlackRock To Invest in XRP? High Net-Worth People Want Cryptocurrencies

Will Binance List Pi Coin? Price Surge, Deposit Tests, and May 14 Update Explained

Binance logo with Pi coin symbol
Source: Watcher Guru

So here’s the thing—Pi Coin struggled below $0.60 for weeks before finally breaking out of its slump.

The numbers show it’s been bouncing between $0.5775 and $0.6477 in just the last 24 hours, which tells us traders are definitely getting active ahead of whatever news might be coming.

OKX trading chart showing Pi Network/Tether pair with current price of $0.6236
Source: TradingView

When you look at the market data, Pi Network’s fully diluted valuation is sitting at $6.7 billion—no small number. That said, only about 7 billion PI tokens are actually circulating right now. And of course, there’s still that maximum supply of 100 billion tokens investors can’t ignore when thinking long-term.

The official Pi Network Twitter account teased a May 14 ecosystem announcement, quickly racking up over 435,000 views.

They’re staying quiet on the details, but naturally, speculation is flying: this could mean new exchange listings or even mainnet developments.

Also Read: Tanzania’s US Dollar Ban Set the Stage for Kenya & Other EAC Nations

Technical Analysis: Mixed Signals but Clear Levels

The technical side of things is a bit mixed right now. The RSI is at 47.51, which suggests that Pi isn’t currently overbought or oversold.

Meanwhile, the Bollinger Bands are showing potential support at $0.5616 and resistance near $0.6755, so at least traders have some clear levels to watch.

What’s Next? May 14 Could Be a Game Changer

Between the Binance deposit test rumors and the upcoming May 14 announcement, the conditions are almost perfect for the price surge we’re seeing right now.

That being the case, there is a potential concern: 231 million of PI tokens are set to unlock this month, meaning that the market will need to do good buying to keep up with the traffic.

Pi Network now commands a $4.37 billion market cap – remarkable for an unlisted Binance project.

Also Read: Shiba Inu: Will SHIB Reach $1 in 5 Years?

The coming days will be interesting as everyone awaits to see whether the rumors about Binance will come to light, and what novelty Pi Network will bring on May 14th.

Read the article at Watcher.Guru

Read More

Binance Alpha Listing Sends $Gorilla Flying — Brief 110% Surge Followed by Retrace

Binance Alpha Listing Sends $Gorilla Flying — Brief 110% Surge Followed by Retrace

A surprise listing on Binance Alpha triggered a sudden but short price surge for the ...
Binance Coin’s $749 target: Decoding odds of a 23% BNB rally

Binance Coin’s $749 target: Decoding odds of a 23% BNB rally

BNB’s network growth could catalyze the already building bullish momentum.
MainNewsPi Network B...

Pi Network Binance Listing: Pi Coin’s Price Jumps 8% to $0.63 Amid Deposit Tests


by Vladimir Popescu
for Watcher.Guru
Pi Network Binance Listing: Pi Coin’s Price Jumps 8% to $0.63 Amid Deposit Tests

Right now, the Pi Network Binance listing rumors are getting louder, and honestly, it’s not just talk this time. At the time of writing, Pi Coin has shot up 6.7% to $0.62, which is pretty significant when you consider trading volumes have also spiked to around $124 million.

What’s really interesting is that this price movement comes right as we’re hearing about Binance possibly testing Pi deposits and withdrawals—not to mention there’s that big Pi Network ecosystem announcement coming on May 14.

Pi Network price chart showing current price of $0.62 and 6.7% increase
Source: CoinGecko

Also Read: BlackRock To Invest in XRP? High Net-Worth People Want Cryptocurrencies

Will Binance List Pi Coin? Price Surge, Deposit Tests, and May 14 Update Explained

Binance logo with Pi coin symbol
Source: Watcher Guru

So here’s the thing—Pi Coin struggled below $0.60 for weeks before finally breaking out of its slump.

The numbers show it’s been bouncing between $0.5775 and $0.6477 in just the last 24 hours, which tells us traders are definitely getting active ahead of whatever news might be coming.

OKX trading chart showing Pi Network/Tether pair with current price of $0.6236
Source: TradingView

When you look at the market data, Pi Network’s fully diluted valuation is sitting at $6.7 billion—no small number. That said, only about 7 billion PI tokens are actually circulating right now. And of course, there’s still that maximum supply of 100 billion tokens investors can’t ignore when thinking long-term.

The official Pi Network Twitter account teased a May 14 ecosystem announcement, quickly racking up over 435,000 views.

They’re staying quiet on the details, but naturally, speculation is flying: this could mean new exchange listings or even mainnet developments.

Also Read: Tanzania’s US Dollar Ban Set the Stage for Kenya & Other EAC Nations

Technical Analysis: Mixed Signals but Clear Levels

The technical side of things is a bit mixed right now. The RSI is at 47.51, which suggests that Pi isn’t currently overbought or oversold.

Meanwhile, the Bollinger Bands are showing potential support at $0.5616 and resistance near $0.6755, so at least traders have some clear levels to watch.

What’s Next? May 14 Could Be a Game Changer

Between the Binance deposit test rumors and the upcoming May 14 announcement, the conditions are almost perfect for the price surge we’re seeing right now.

That being the case, there is a potential concern: 231 million of PI tokens are set to unlock this month, meaning that the market will need to do good buying to keep up with the traffic.

Pi Network now commands a $4.37 billion market cap – remarkable for an unlisted Binance project.

Also Read: Shiba Inu: Will SHIB Reach $1 in 5 Years?

The coming days will be interesting as everyone awaits to see whether the rumors about Binance will come to light, and what novelty Pi Network will bring on May 14th.

Read the article at Watcher.Guru

Read More

Binance Alpha Listing Sends $Gorilla Flying — Brief 110% Surge Followed by Retrace

Binance Alpha Listing Sends $Gorilla Flying — Brief 110% Surge Followed by Retrace

A surprise listing on Binance Alpha triggered a sudden but short price surge for the ...
Binance Coin’s $749 target: Decoding odds of a 23% BNB rally

Binance Coin’s $749 target: Decoding odds of a 23% BNB rally

BNB’s network growth could catalyze the already building bullish momentum.