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Historically, Pi Network Coin has experienced dramatic price movements. Following its listing on multiple centralized exchanges, the Pi Coin price initially surged, only to face a steep correction. The anticipation surrounding the project’s “Pi Day” on March 14 adds another layer of speculation, as the anniversary has previously been a catalyst for price surges. However, this time, the sentiment remains mixed due to ongoing market uncertainties.

Pi Network’s susceptibility to market manipulation has come under scrutiny. Analysts suggest that whales may be engaging in “pump-and-dump” tactics, artificially inflating prices before executing large-scale Pi Coin sell orders. This type of speculative trading is common in projects with limited real-world utility, and Pi cryptocurrency, which is still awaiting full mainnet Pi implementation, fits the profile.

Pi Network Coin was trading at around $1.38 at press time. Source: TradingView

Adding to the complexity, broader economic conditions have also played a role in Pi crypto value struggles. Factors such as U.S. trade tensions, concerns over weak job market data, and the delay in Pi’s listing on Binance have contributed to uncertainty. Despite a community vote in which 86% of participants supported a Binance listing, the exchange has yet to confirm any official plans.

From a technical standpoint, Pi Network price today remains in question. The recent plummet brought the cryptocurrency down below major supports, some experts indicating it may drop further to $0.87 should bearish pressures prevail.

A break below the $1.20 support level could lead to Pi Network’s price testing the $1 support. Source: MyCryptoParadise on TradingView

However, there are signs of stabilization via indicators. The Relative Strength Index (RSI) has recovered after it had teased oversold levels, and the Moving Average Convergence Divergence (MACD) is on the verge of a golden cross, which would signal potential bullish momentum. If Pi Coin is able to reclaim the $1.50 resistance level, a run to $2.00 may be near. Conversely, failure to hold above $1.25 could open the door for further declines in Pi crypto price.

Speculation over a potential Binance listing has kept Pi Network in the spotlight. If Binance officially announces support for the Pi token, analysts believe it could trigger a surge in demand, potentially pushing Pi Coin worth toward the $3 mark. Increased liquidity and greater exchange accessibility would provide a significant boost to investor confidence.

Pi Network is gaining momentum toward a Binance listing, with 86.6% of Binance users voting in favor. Source: Ranajay Singh via X

Yet, Binance remains non-committal. While its recent shift toward a community-driven token listing model could favor Pi Network trading, no concrete steps have been taken. Until an official confirmation arrives, Pi currency value will likely remain volatile, driven by speculation rather than fundamentals.

Beyond price movements, Pi Network faces an even bigger challenge: proving its legitimacy and real-world utility. Since its inception in 2019, the project has picked up millions of users drawn by its mobile-based Pi mining model. However, concerns over transparency, decentralization, and lack of open blockchain verification persist.

The centralized approval system employed by Pi Network has also been viewed negatively by some observers, as the network claimed to be decentralized. Beyond that, an unclear method of token distribution was also criticized internally by insiders as well. Its business model, as Bybit CEO Ben Zhou once referred to, has also deemed Pi Network Coin as a probable scam.

Pi Network addresses scam allegations made by Bybit CEO. Source: Pi Network via X

For Pi Network to cement its footing in the cryptocurrency space, it needs to get out of speculations. The development of decentralized apps (dApps) and entering into strategic partnerships with conventional blockchain firms can strengthen its legitimacy and generate actual applications for Pi Coin.

As March 14 approaches, the Pi Network community eagerly awaits a potential Binance listing. If confirmed, the listing could provide a much-needed price boost and enhance market confidence. However, without substantial fundamental developments, Pi’s long-term success remains uncertain.

For now, Pi Network remains in a state of limbo—a project with immense potential but also significant risks. Whether it can rise above speculation and establish itself as a legitimate player in the crypto space depends on its ability to deliver on its promises and gain mainstream acceptance.

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