Pi Coin, the token of Pi Network, has faced a price slowdown amid a bear market. Ahead of the upcoming Pi Day, several factors may affect the token's price.
Current Trends in Pi Coin Market
Pi Coin's price has dropped by over 45% from its peak in February, bringing its market cap to around $11.7 billion. Its fully diluted valuation has reached $164.35 billion. Pi Day, celebrated on March 14, might attract attention to this token.
Listing Challenges on Major Exchanges
Despite its growth, Pi Network has yet to be listed on popular exchanges like Binance, Coinbase, Gemini, and Kraken. Binance ran a poll on potential listing but has not yet confirmed it. Listing on these platforms could open up access to the US and South Korean markets.
Risky Patterns in Pi Network Prices
Analysis shows that Pi Coin's price has formed two bearish patterns — a head and shoulders pattern and a rising wedge, indicating potential downside. The wedge structure could lead to a price break below the psychological level of $1.
Pi Network stands on the brink of significant changes that could heavily impact the token. Observing future events surrounding listing and risks associated with the technical patterns is crucial.
