Pi Coin has seen a sharp recovery from $0.8600 to $0.9950, raising questions about its ability to break the $1 mark and maintain an upward trend.
Recent Price Action
The token has experienced significant volatility over the past week, moving from number 11 to number 21 in market capitalization. Trading volumes have increased by 41%, indicating high investor activity. However, ongoing project delays and the lack of a Binance listing complicate price growth.
Impact of Binance Listing
Listing on the world's largest cryptocurrency exchange could significantly impact the token's price. Despite 87.10% of crypto users supporting the listing, Binance has not yet approved it due to internal issues. Experts believe that a listing could lead to a significant price rally.
Technical Analysis and Forecasts
The 4-hour chart suggests a descending wedge pattern, which is a bearish signal. The token is currently trading near $0.98. Key resistance levels are $1.30 and $1.70, while support levels are $0.98 and $0.72. The Relative Strength Index is at 39.32, approaching the oversold region.
Fundamentals like exchange listings and project progress will determine Pi Coin's future. With no delays and improvements, the token could be worth over $1.50-$2.00 in 2025, while issues might lower the price to below $0.80.
