The Pi Network (PI) cryptocurrency has experienced a significant downturn following its highly anticipated mainnet launch. Over the past 24 hours, PI has declined by more than 42%, reflecting a strong wave of selling pressure from early adopters—commonly referred to as "Pioneers"—who have been mining the token for years and are now capitalizing on their holdings. Additionally, lingering concerns regarding the project’s legitimacy have further contributed to the sell-off.

Could a Major Listing Drive a Recovery?

Despite the ongoing price decline, a key catalyst could potentially trigger a rebound: increased exchange listings. PI has already secured trading availability on several reputable cryptocurrency exchanges, including OKX, Bitget, MEXC, and Gate.io. However, one of the most influential platforms—Binance—has yet to list the token.

Currently, Binance has initiated a community poll to gauge user interest in listing PI. The results have been overwhelmingly in favor, with approximately 85% of participants supporting the addition of PI to Binance’s trading platform.

Historically, Binance has prioritized tokens with strong community demand, and a listing on the exchange could significantly boost PI’s price by increasing liquidity and exposing it to a larger investor base. However, it is important to note that there is no guarantee of an official listing. Investors should exercise caution and avoid making speculative decisions based solely on potential exchange approvals.

PI Price Outlook: Key Levels to Watch

On the 30-minute chart, PI is currently trading at $0.67, maintaining a critical support level after rebounding from a low of $0.60. If this support holds, the token could stage a recovery, with the next significant resistance level positioned at $0.93.

Conversely, failure to sustain the current support could trigger further downside pressure, potentially leading to additional losses.

Conclusion

While PI has faced a substantial decline in value, a potential Binance listing could serve as a pivotal turning point for the token. Investors and traders should closely monitor upcoming developments, particularly any official announcements regarding new exchange listings, as they may significantly influence PI’s future price trajectory.

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