Pi Coin Observations

Pi Coin is up more than seven percent in the last 24 hours, aiming to break the $2 mark. The Pi Network has seen a significant drop from its all-time high of $3, currently trading around $1.60-$1.70. Despite a downturn in the broader market, investor sentiment remains hopeful, with potential signs of a reversal.

The MACD indicator shows possible bullish momentum, while the RSI is still below 50, indicating a slow recovery until market conditions improve.

Binance’s Engagement with Pi Coin

Adding to the bullish outlook, the X account ‘Binance Intern’ tweeted some intriguing messages, including a tweet that reads, “If you’re reading this, you’re a real one,” accompanied by the Pi symbol. This marks the first direct reference to Pi Coin by Binance. It raises speculation about whether it’s a playful jab or genuine attention towards Pi.

In another tweet, they asked users, “If your favorite project was a dessert, what would it be?” posting a slice of pie emoji. These tweets have garnered significant attention and may be Binance’s method of gauging interest in the Pi community.

What’s Next for Pi Coin?

With Pi Day (March 14th) approaching, experts suggest it may coincide with Pi Coin being listed on Binance. If this happens, it could pressure other exchanges like Coinbase, Kraken, Crypto.com, and Gemini to follow suit. Pi’s current trading volume is substantial, and other exchanges will likely want to capitalize on that activity.

The Pi Coin community has proven to be robust, with many individuals mining Pi since 2019. A significant number of users are holding their coins for the long term, some even locking them until 2027, showcasing strong support which could encourage more exchanges to list Pi Coin.