May is approaching, and Pi Coin is at a crucial crossroads. Over the past month, this token has seen a sharp decline of 15%. This market reaction means that Pi is trading at $0.5807. Notably, community sentiment is showing signs of recovery, largely thanks to renewed optimism surrounding the potential listing on Binance.
The world's largest exchange recently introduced an enhanced token listing framework, focusing more on transparency, decentralization, and regulatory compliance, areas where Pi has made significant progress.
Technically, Pi Coin is still under pressure. The Chaikin Money Flow (CMF) remains negative, indicating that selling pressure continues to dominate and Pi's correlation with Bitcoin (currently -0.11) adds to the complexity. When Bitcoin spikes to $100,000, Pi's inverse relationship means it risks further declines, potentially testing the support level near $0.5192 or even the all-time low around $0.4000 if sentiment does not change.
However, there is still a possibility of reversal. Analysts believe that if Pi Coin can overcome the resistance level at $0.8727 and turn it into a support level, there could be a price increase to $1.00, marking a psychological and technical milestone for this token.
Currently, Pi is consolidating around $0.6505, and surpassing $0.6825 could initiate a short-term rally to $0.72 or $0.76. Technical indicators like MACD and 50 EMA support this argument, suggesting the potential for a symmetrical squeeze breakout in the near future.
Fundamentally, Binance's new listing strategy has renewed confidence in Pi's long-term potential. Over 86% of nearly 300,000 voters in a recent Binance community poll supported the listing of Pi Coin.
Furthermore, exchanges like BitMart have resumed Pi trading after resolving compliance issues, and the project has improved its infrastructure and decentralized framework to align with Binance's standards for Alpha and Spot listings.
While this token faces criticism for the slow transition from hype-driven growth to practical utility, community momentum and clear compliance efforts may soon bear fruit. Alvin Kan, CEO of Bitget Wallet, notes that the future of Pi heavily depends on building sustainable value beyond its enormous initial user base and mobile mining model.
Looking ahead, market forecasts remain optimistic for Pi if it can overcome key resistance levels and secure broader exchange access. Projections suggest a target of $5 by 2026 and potentially $20 by 2030 under a high adoption scenario. May 2025 could prove crucial as Pi balances investor skepticism with breakthrough potential driven by community support and regulatory readiness.
