Binance Excludes Pi Network from Latest Token Listing Initiative
Pi Network was not included in Binance's latest “Vote to List” initiative, marking the second consecutive absence. The selected tokens for this round include VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME.
- Binance announced only BNB-based projects would be considered for the listing.
- Criticism surrounds Pi Network regarding transparency in its tokenomics.
- Bybit CEO labeled Pi Network as a scam.
- PI is currently trading around $0.64, down 6.5% in the last day and 25% over the past week.
- Market cap has decreased by 6% to approximately $4.4 billion.
- Price analysis shows a potential bullish reversal pattern forming within a falling wedge.
For further movement, if the price exceeds $0.68, it may signal an upward breakout. The Relative Strength Index (RSI) indicates near-oversold conditions at 29.40, suggesting a possible recovery if buying interest increases. Bollinger Bands show volatility with current support at $0.64; maintaining this level may lead to a rebound.
Source: TradingView