The Price Pi Network has seen dramatic developments since the launch of the main network on February 20. It first fell from $2 to $0.59, then bounced back even as other cryptocurrencies weakened. Optimism about a possible listing on Binance brought it up to USD 3.
However, over the past day, it has plummeted more than 42% to $1.6 after the developers again postponed the end of the KYC verification period, this time to March 14.
This week, Pi Network will be in the spotlight as Binance could be listing it. This could open the door to other major exchanges. Hopes were boosted by the result of a poll where 86% of voters supported its listing on Binance.
Technical analysis suggests that Pi Network’s price could bounce back up. Indeed, a descending wedge has formed on the hourly chart – a formation that usually leads to an upward breakout when trendlines converge.