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— Kim H Wong (@Time_and_Trade) February 27, 2025
Second, speculation about a potential Binance listing is amplifying the rally. A listing on one of the world’s largest exchanges could enhance liquidity and visibility, increasing PI’s price.
Although unconfirmed, the mere possibility has triggered a 20%+ increase, with prices climbing past $1.70, according to recent data. This follows a recovery from a support level of $1.20, supported by a 54% spike in daily trading volume to $720 million.
PI Technicals Suggest Breakdown Next
Pi Network (PI) appears to form a head-and-shoulders pattern, signaling a potential bearish reversal. The pattern, identified on the one-hour chart, consists of three peaks: a higher central peak (head) flanked by two smaller peaks (shoulders), suggesting a loss of bullish momentum.
This structure’s neckline support stands near $1.60, and a decisive breakdown below this level could confirm the bearish outlook. Based on the pattern’s height, the projected downside target points toward the $1.45 region, a potential 10% correction from current levels.
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