Pi Coin has shown growth over the past 24 hours, approaching the $ 1 mark after its lowest levels at $ 0.86. The digital currency is now trading at $ 0.99, which represents a profit more than 5 % in the last day. This upscale momentum contains a lot of wondering whether the PI network can continue to exceed one dollar levels and continue to climb it.
The following goal: $ 1.35, but $ 1.20 stands as a major obstacle
Despite recent gains, PI Coin faces an obstacle at $ 1.20. The penetration of this resistance can see the currency targeting $ 1.35, a decisive milestone. However, it is far from the plain as the pi has shown fluctuation. If you can exceed a mark of $ 1.90, analysts believe that the gathering is about $ 3 can be possible.
Decreased market ceiling: The last PI COIN conflicts
Last week, the Pi Coin market was fragile. The cryptocurrency has decreased dramatically from the eleventh place to the twenty -first position by the market. Although this decline is related, it is important to note that PI still holds the possibility of recovery.
Binance Snub: Can it affect PI’s growth?
One of the main factors contributing to the Dip in the last market of PI is the Binance decision not to include Pi Coin in the latest vote in the list. Binance conducted a survey, 86 % of the participants in favor of the PI insert.
Despite this support, Binance has not yet moved, and this delay may cost both PI and Binance in terms of trading and revenue. According to analyst Kim Wong, the average trading volume 24 hours of PI is about $ 500 million, making it one of the large assets that Binance can benefit from.
Binance dilemma: Issues of trust and internal conflicts
Wong also predicted that Binance may be hesitant in PI narration due to internal problems that may affect its ability to build confidence with society. Although the stock exchange may be keen to include PI in the future, it must first solve its challenges. Currently, the encryption community believes that the PI menu will ultimately happen, but there is no need for heavy demands or negotiations.
