Pi Coin, a digital asset gaining attention in the cryptocurrency space, is undergoing a decline and is currently trading at $1.16. It has lost 31% of its value over the past week and is now testing key support levels, which may indicate the next direction of the price.
Pi Coin is currently trading around $1.16, just below the important resistance level of $1.20. If it manages to break this level and maintain the uptrend, the price could rise to USD 1.40 or even USD 2. Conversely, if it fails to hold its current position, there is a risk of a decline to levels between USD 1.05 and 1.02.
Another complication for Pi Coin is the decision of the Binance exchange, which did not include the token in its “Vote to List” voting, in which users decide on new uploaded projects. This exclusion surprised some of the cryptocurrency community, as many expected Pi Coin to be among the nominees.
Binance explained that the vote was only for projects built on the BNB Smart Chain, which excluded Pi Coin from the process. The move comes at a time when Pi Coin is struggling to gain wider mainstream adoption and listing on key platforms such as Binance and Coinbase.