Pi Coin has been trading steadily between $0.60 and $0.65 after hitting a record low earlier this month. Price volatility has eased, but momentum for a meaningful recovery remains absent across the market.
Crypto payment platform Banxa has suspended Pi transactions pending Know Your Business (KYB) approval. Banxa had previously acquired a large amount of Pi at lower prices and may resume transactions once the approval process is complete.
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Listing Delays Continue Despite Pi’s Victory in Binance Community Vote
Pi Network remains unlisted on Binance more than two months after winning the platform’s community vote by a wide margin. Interest surged again on April 25 when Binance released updated listing guidelines to improve project evaluations.
Under the new Binance framework, adoption strength and fundamentals serve as essential components alongside tokenomics, team credibility, and regulatory compliance. The status of tokens already circulating in the market, like Pi, depends heavily on trading volume and overall market behavior, alongside liquidity indicators and market dynamics.
Multiple key challenges prevent the potential listing of Pi. The Binance trade platform does not allow Pi Network assets due to its lack of integration with BNB Chain, Solana, Base, and Ethereum systems. The timeline to obtain a listing status becomes uncertain because of the absence of blockchain integration efforts.
Key Resistance Levels Hold Back Pi’s Price Movement
Pi Coin continues to form a wedge pattern, with immediate resistance standing firm at $0.65. A confirmed breakout above this level with increased volume could trigger a sharp rally.
If traders fail to surpass the resistance area at $0.60, it could act as primary support. The market carefully tracks current trading quantities to detect potential strengthening patterns.
Crypto analyst Dr Altcoin predicts that a price increase will initiate during the Consensus Summit, which will take place from May 14 to May 16. The expert explained that market volatility will likely begin during the Consensus Summit rather than after Pi Network’s unlocking period ends.
Recent expectations confirm that regulatory amendments and wider implementation could boost Pi Network’s growth and development. The market approaches its decisions with caution, while important technical support points remain influential at this time.
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