YEREVAN (CoinChapter.com) — Pi Coin’s price has surged significantly in the last 24 hours, reaching a peak of approximately $2.99. The rally follows speculation about a potential Binance listing, driving a surge in trading volume, which has now reached 694.15K on OKX.
The token is currently trading at $2.73, after fluctuating between $2.73 and $2.78 in the recent session. This increase contrasts with the broader crypto market, where Bitcoin has dropped below $85,000.
Pi Coin’s Technical Indicators Show Mixed Signals
Pi Coin’s price movement shows a neutral to slightly bullish trend. The 5-minute chart indicates that the price is hovering around the 9-EMA, acting as both support and resistance.
Technical indicators suggest a cautious outlook. The Relative Strength Index (RSI) stands at 55.60, signaling neutral momentum. Key level to watch include $3.00 as resistance. If Pi Coin holds above the 9-EMA, it may push toward $3.00.
Binance Community Vote on Pi Coin Ends Today
On Feb. 17, Binance launched a community vote to determine whether to list Pi Coin. The voting period ends today, Feb. 27, and early results indicate a majority of respondents support the listing.
The exchange has yet to confirm its final decision. If Binance approves the listing, Pi Coin could see a further increase in price and trading activity. The final announcement is expected shortly after the vote concludes.
Pi Network Faces Ongoing Controversy
Despite the price surge, Pi Network remains a controversial project. Some industry figures have raised concerns over its legitimacy. Bybit CEO Ben Zhou has publicly called it a scam, while critics argue that it operates like a pyramid scheme.
Another major issue is the lack of independent verification of Pi Coin’s circulating supply. This has led platforms like CoinMarketCap and CoinGecko to exclude Pi from their official rankings. However, Pi Network’s self-reported market valuation exceeds $17.5 billion.
Pi Network DMI Signals Strong Uptrend with Minimal Selling Pressure
The Directional Movement Index (DMI) for Pi Network shows a significant uptrend, with the Average Directional Index (ADX) jumping from 12.3 to 57.7 in just one day. This sharp rise indicates a very strong trend, as ADX values above 40 typically signal intense momentum.
At the same time, the Positive Directional Indicator (+DI) surged from 14.6 to 40.9, while the Negative Directional Indicator (-DI) dropped from 19.4 to 1.1. This wide gap confirms strong buying pressure with minimal resistance. When +DI is much higher than -DI, it suggests a dominant bullish trend.
If these indicators remain at current levels, Pi Network could continue its upward trajectory, with buying control keeping selling pressure low.
Will Binance List Pi Coin? Market Awaits Announcement
As the Binance vote concludes, traders are waiting for an official statement from the exchange. If the listing goes through, it could influence Pi Coin’s market trajectory in the coming days. Meanwhile, volatility is expected as speculation continues.
