As Bitcoin continues to rise and approaches the 100,000 USD mark, the altcoin market is also showing positive changes. Among them, Pi Coin – one of the most closely watched projects by the community – has recorded an impressive increase of 8% in the last 24 hours. Currently, this token is aiming for a price of 0.70 USD, and if it surpasses this resistance level, the path to 0.90 USD and 1 USD may open wide.

Rumors of Listing on Binance Create Excitement

Contributing to the excitement around Pi Coin are the increasingly widespread rumors that this token is about to be listed on the world’s leading exchange, Binance. Specifically, some data suggests that Binance's Stellar deposit wallet – which is also the testing wallet for Pi – has started conducting test transactions on the Pi blockchain. This has led many investors to believe that Binance is preparing to support Pi soon.

Important Event on May 14

Not stopping there, the Pi Network development team has also confirmed that they will have a major announcement on May 14. The announcement is expected to be made at the Consensus Summit held in Toronto – the project's first official international event. Pi Network's founder, Dr. Nicolas Kokkalis, will be present and present the latest updates related to Open Mainnet – the open mainnet of Pi – which officially launched in February 2025.

Technical Analysis & Market Momentum

According to analyst Dr. Altcoin, Pi Coin may regain its upward momentum after the Consensus Conference. With over 70 million users worldwide, Pi Network is too large of a project for exchanges like Binance or Coinbase to ignore. Additionally, Binance currently displaying ads on the Pi app has led the community to speculate that a partnership may have been established.

However, in the past 2 weeks, Pi Coin has still decreased by more than 3% due to selling pressure from the token unlocks. According to data from Pi Scan, about 10.3 million tokens will be unlocked today – a significant number that could create strong market volatility.

Recent trading volume has occasionally dropped below the 40 million USD mark, but has quickly recovered to 123 million USD – indicating that investor interest is on the rise again.

Signals From Indicators

  • RSI (Relative Strength Index): Currently in the neutral zone, showing no strong momentum in either direction.

  • MACD: Currently signaling a buy – a positive sign.

  • Moving Averages: Also in a neutral state, reflecting market hesitation.

Conclusion

In the context of the cryptocurrency market becoming lively, Pi Coin is at an important threshold. If the rumors about Binance turn out to be true and the announcement on May 14 brings positive information, Pi Coin could very well break out in the near future. However, investors should also be cautious of selling pressure from ongoing token unlocks.