The price of the PI network decreased after the long -awaited ecosystem news fell on Wednesday, May 14. It has decreased by approximately 50 % from its highest point this week, as it was scanned by $ 4 billion. However, the PI menu continuously by Binance and HTX can nourish a recovery.
The price of the PI network can be recovered after the hidden banana menu
The price of the PI metal currency decreased and moved to less than one dollar after disappointed the ecosystem news. In a statement, the developers noted that they would launch a new $ 100 million fund to invest in startups using their technology.
PI users have complained that the news is less than expectations since it was too late, as the current ecosystem attracted minimal traction nearly three months after the launch of Mainnet.
However, not all hope because Binance and HTX have raised rumors in the PI list. In a publication across all social media platforms, Binance sent a close -up image similar to the PI icon.
These comments that were moved on the Internet, with some influential users indicate that it was a hint that he would soon include it. As you remember, the Binance Society voted with an overwhelming majority in favor of a list in February.
To be clear: Binance has not commented on the news yet. As this Coingepe article indicated, Binance did not include the PI network due to its centralization, lack of benefit, and low liquidity.
There was also speculation that HTX was planning to narrate PI. Most of these speculation comes from its daily X posts, which feature many cryptocurrencies such as PI, TON, Pepe, Shiba Inu and Moo Deng.
The Binance or HTX menu is likely to stir short pressure as some small coins have done. The latest was Albaka, whose price increased by 425 % within one day after the Binance menu. The price of Orca also increased by more than 200 % after its inclusion. The PI network price will have more pressure because it is a larger and popular coin of alpaka and Orka.
Pi Coin Price Technical Technical Analysis: The apostasy cannot be excluded
The four -hour graph indicates very low price of the PI network, as it decreased from $ 1.6692 on May 12 to $ 0.8665. It has decreased even to less than the moving average of 50 periods, confirming the homogeneous expectations.
However, a recovery cannot be excluded because the currency remains higher than the main support at $ 0.7882. This price was important because it was the highest level on April 5 and 12.
As such, the currency may be about to form a break and re -reinstall, a common continuity sign. This happens when the original returns to the level of support and then resumes the upper direction. If this happens, it is possible that the price of the PI coin will resume the bullish direction and move over one dollar.
The upscale expectations will become unseen if the currency is reduced from support at $ 0.7882. Such a move will decrease to $ 0.5720, which is the lowest point last week.
Related questions (common questions)
The price of PI Coin decreased because the ecosystem fund is lower than expectations by investors and traders.
It is not clear whether the Binance Publisher is a sign that he wants to tell him. PI will rise if such a list occurs.
The most rude stimulus is that it may be a planned pattern for breaking and re -equipping the daily chart.
Crespos
CRISPUS is an experienced financial analyst in CoingApe with over 12 years of experience. It focuses on Bitcoin and other altcoins, which covers the intersection of news and analysis. His visions were shown on famous platforms such as banklestimes, Coinjournal, Hypeindex, Seekingalpha, Forbes, Investingcube, Investing.com and MoneytransFers.com.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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